As a 19-year-old sophomore at Stanford, Elizabeth Holmes decided to transform diagnostic medicine so she dropped out of college and used her tuition money to start her own company, Theranos. Ten years later, Holmes, pictured here holding a micro-vial, is on the cutting edge of medical technology — her new blood testing method allows hundreds of tests to be run using only a few drops of blood. And, Holmes’ methods are cheaper, faster, more accurate, and less invasive than conventional methods which often require a separate vial of blood for every test. As Holmes told Wired.com earlier this year, “I started this company because I wanted to spend my life changing our health care system. When someone you love gets really sick, most of the time when you find out, it’s too late to be able to do something about it. It’s heartbreaking… We wanted to make actionable health information accessible to people everywhere at the time it matters most. That means two things: being able to detect conditions in time to do something about them and providing access to information that can empower people to improve their lives.”
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Reasons you should adore Elizabeth Holmes:
She is featured as Forbes’ youngest self-made woman billionaire.
Her tests will revolutionize the public health world as we know it; Making diagnostic testing accessible and affordable for more people (and potentially saving Medicare and Medicaid ~$100 billion each over the next decade). (x)
She is a coauthor on 82 US and 189 foreign patent applications. (x)
Her fear of needles served as a motivator for launching Theranos. (x)
i love this post so much. i wonder how shes doing
hold on i have to Google something
… Welp, in case some people still don’t know what happened here.
Elizabeth Holmes and Theranos president Ramesh Balwani claimed that their supposed Edison machines would only require a few drops of blood to run hundreds of blood tests.
They lied.
They kept it up for over a decade . They even built a fake lab when they invited then-Vice President Biden to tour their facilities.
People started getting suspicious in 2015, when Stanford professor John Ioannidis wrote that there had been absolutely no peer-reviewed research published when it came to Theranos. And then, it was reported that Theranos used traditional blood testing machines, not their Edison machines, to run tests.
Theranos eventually doubled down on their claims, and so all hell broke loose.
Holmes is serving 11 years in prison, and Balwani is serving 12 years.
