CA - Elizabeth Holmes (Theranos) Wire Fraud

[LinasK]

Dorothy Atkins@doratki
3h

Prosecutor John Bostic begins Rosendorff's redirect showing him quality control data that shows QC tests on Theranos' blood-testing devices failed 3 times more often than non-Theranos devices.

Dorothy Atkins@doratki
3h

Rosendorff: "At times I didn’t fully trust the data that was coming out of [Theranos] R&D for troubleshooting," b/c there were too many "anomalies" coming out of the lab.

Dorothy Atkins@doratki
3h

Prosecutor John Bostic focuses on defense counsel's term "soft launch" used to describe Theranos' commercial launch in Sept 2013. Bostic points to Holmes' email to Jim Mattis announcing the launch & her email to investors, as well as Safeway's PR release. None say 'soft launch.'

Dorothy Atkins@doratki
3h

Rosendorff says he didn't know what Holmes' brother Christian thought could be escalated to him when he was responding to drs. "I assumed if there were medical issues at play he'd forward them to me. I wasn’t clear what Christian had communicated to drs on multiple occasions."

Dorothy Atkins@doratki
2h

Prosecutor shows a Dec 2013 email from Theranos exec Daniel Young to Rosendorff re CMS' lab inspection. Young: "Let’s not remind her about the downstairs lab unless she asks again. Just simpler if we can just show her the lab upstairs," where modified Siemens devices were.

Dorothy Atkins@doratki
2h

Rosendorff: "It troubled me that we weren’t talking about the downstairs lab. It appeared to me that [the inspector] asked about it."

Dorothy Atkins@doratki
2h

Prosecutor notes that Rosendorff said during cross he couldn't answer "yes or no" when asked whether Theranos cared about customer service. Rosendorff explains: "I think if customer service was truly important to the company it would’ve been much more transparent to the public."

Dorothy Atkins@doratki
2h

Rosendorff says Sunny Balwani had "a strong hand in operational labs" and made decisions behind his back, along with VP Daniel Young. "And Ms. Holmes was aware of all of that," Rosendorff says.

Dorothy Atkins@doratki
2h

Prosecutors wrapped Rosendorff's redirect. We're taking a 45 min break and then defense counsel has some recross (shocking). Wade says prosecutor's qs "opened the door" for him to go into all 6 other labs that he worked at "it's only fair to allow defense to go into that."

BBM. This is good because then they can't blame all of Theranos's problems on Rosendorff, like Wade is trying hard to do. He really, really badly wants to discredit him.

 

[UndiscoveredTruth]

Dorothy Atkins@doratki
2h

Judge Davila says there's a difference been a "turn of knob versus opening the door" and he isn't allowing defense to go into federal investigations into the other labs. "I may allow you to probe a little bit," but "we're not going to get into a mini trial" on all the other jobs.

Dorothy Atkins@doratki
2h

Wade sounds pissed. He says he was very careful yesterday not to get into Rosendorff's other jobs based on the judge's comments and the prosecutor blew open the door by ending redirect by asking Rosendorff to compare lab issues at Theranos to all of his other labs.

Dorothy Atkins@doratki
2h

The judge suggests he can strike the last answer. Prosecutor defends the q, but says they would be ok w/ striking the q to make it easier. Wade says striking testimony isn't an adequate remedy and he can't "unring the bell." But the judge says striking it is "sufficient."


Dorothy Atkins@doratki
1h

We're back. Defense counsel Lance Wade tells the judge he doesn't think striking the question is sufficient and he wants to ask Rosendorff about his 6 other jobs. The judge sounds annoyed.

Dorothy Atkins@doratki
1h

The judge says Rosendorff could give examples of how other labs were better than Theranos. "I think there's great peril for Ms. Holmes" and jurors "might then inappropriately use that to judge your client in this case..I see this as a mini trial that doesn't benefit either side."

Dorothy Atkins@doratki
1h

Judge Davila adds that although the topic was inappropriate, he doesn't want to hold mini trials on the Rosendorff's other labs, because "then we start ringing most of the bells." He agrees to give the jury an instruction so that they can "move on."

Dorothy Atkins@doratki
1h

The jury files in, and the judge tells jurors not to consider the government's question or answer about Rosendorff's other labs. Wade's up on recross, and slowly but surely we're moving on.

Dorothy Atkins@doratki
1h

Wade begins by pointing to a June 2014 email that Balwani wrote Rosendorff before Rosendorff went on vacation: "Until we find VP of ops, I'm taking over the CLIA lab operations 100%. Since you are out for the next few days, this is needed no matter what."

Dorothy Atkins@doratki
1h

Balwani wrote in his email to Rosendorff: "I am uniquely gifted at organizational structures and ops." Rosendorff responded to Balwani "Ok- thanks." Rosendorff testifies that his response was just acknowledging the email and "I didn’t say, 'Ok, go ahead take over the CLIA lab.'"

Dorothy Atkins@doratki
57m

Rosendorff tells Wade he objects to the attorney's inference that he was responsible for all of the issues with Theranos' blood tests. Wade goes on that Holmes never directed him "to do things" or overruled "on things." He replies, no, she didn't.

Dorothy Atkins@doratki
54m

Rosendorff tells the judge that he has to pick up his daughter at 3:45 and "respectfully" asks to be excused by 2 p.m. Wade says he should be done with Rosendorff "well before that." (Good grief, it's been six days. Let's hope so.)

Dorothy Atkins@doratki
49m

Rosendorff is getting impatient. He tells Wade: "I believe we've gone over this email before. Is it necessary to revisit it?"

Wade: "Your objection is noted." He continues asking him q's about it.

Dorothy Atkins@doratki
45m

Wade asks Rosendorff about a series of emails and says May instead of March. Rosendorff points out March is before May.

Wade: Ah, I'm mixing up my months.

Rosendorff: You really are.


Dorothy Atkins@doratki
40m

(I feel like Bill Murray in a really boring remake of Groundhog Day.)

Dorothy Atkins@doratki
1h

And Wade wrapped Adam Rosendorff's cross. Prosecutors have no redirect. After six days of examination, the judge excused Rosendorff. Next up: ex-Safeway CEO Steven A. Burd.

 

[UndiscoveredTruth]

Dorothy Atkins@doratki
1h

Burd is on the stand, he says he served as Safeway's CEO for 20 years from May 1993 until he retired in 2013. He says Safeway is a public company and it earned $45 billion in sales, operating in 22 U.S. states and Canada and it was a 49% owner in the Mexican grocer Casa Ley.

Dorothy Atkins@doratki
1h

Burd has a masters' degree in economics, and says he was fascinated by Theranos when he learned about the company in March 2010 and he wanted to meet Holmes. "What I had been told about Elizabeth Holmes, I was eager to meet her."

Dorothy Atkins@doratki
59m

Burd on Holmes: "I was very impressed. There are v. few people that I have met in business that I would say is charismatic. She was clearly charismatic she was clearly smart. She was doing one of the hardest things you can do in business, which is create a startup from scratch."

Dorothy Atkins@doratki
56m

Burd says Theranos' tech was appealing, b/c Safeway could put it in its stores, it was small, and patients waiting on blood-tests could shop in Safeway while waiting for their results.

Dorothy Atkins@doratki
55m

Burd: "This notion of getting results and getting a prescription possibly before leaving the store, we knew it would be appealing to customers."

Dorothy Atkins@doratki
54m

Burd says Theranos' accuracy was impt b/c "People are going to come back for us if they got a number that didn’t make sense to a customer. It’s always true in business you want to always deal with first rate companies, particularly when you are always in the same environment."

Dorothy Atkins@doratki
53m

Burd says "we were consistently told" that Theranos' small blood-testing devices "essentially replaces a full blown lab."

Dorothy Atkins@doratki
49m

Burd says Theranos claimed its blood tests would cost 40-70% less than two dominant competitors. "It’s much easier to take market share from competitors if your price is lower" and it's also attractive to insurance companies processing claims, he says.

Dorothy Atkins@doratki
58m

Burd says Theranos claimed they were "cash flow neutral," and "the fact that they were cash flow neutral suggested that they had a revenue stream."

Prosecutor: That they were ready to scale up now?

Burd: That they were ready to go.


Dorothy Atkins@doratki
58m

Trial is taking a 15-minute break. Brb...

 

[UndiscoveredTruth]

Dorothy Atkins@doratki
52m

We're back. Prosecutor Robert Leach is going through presentation Burd showed Safeway's board. Burd said he made the presentation after running it by Theranos. It includes a "rollout strategy" slide, which includes "build a network of mini-labs and prepare for launch."

Dorothy Atkins@doratki
51m

The presentation was made in May 2010 and the time-line for the roll-out was that Safeway and Theranos' contract would close by the second quarter of 2010. But Burd said the timeline "continuously changed.”

Dorothy Atkins@doratki
46m

Prosecutor shows Burd a July 30, 2010 email Holmes sent to him, Safeway's CFO and Balwani. Holmes wrote the email included "high-level" financial projections attached, which Burd said Safeway asked for to "understand how fast the business would ramp up."

Dorothy Atkins@doratki
45m

Burd says Safeway asked for the projections because "If they weren’t going to be profitable, the business relationship wouldn’t last long."

Dorothy Atkins@doratki
43m

The attachment projected Theranos' 2011 revs would be $223 million, w/ $167M expenses, giving it a "cash flow" of $56M, and growing annually from there. Burd notes that the doc didn't include 2010 info so Safeway had no way to confirm Theranos was cash flow neutral that year.

Dorothy Atkins@doratki
40m

Back to the presentation now, it says Safeway was "guaranteed" an average $10 gross margin per Theranos test. Burd says Safeway would invest $55 million in cash in Theranos, and it would spend $30 million to remodel stores, which Burd notes turned out to be a "v low" estimate.

Dorothy Atkins@doratki
35m

Burd says he negotiated Safeway's Sept 2010 deal "almost exclusively" w/ Elizabeth Holmes. "What was unusual about it was that we never saw an attorney. Elizabeth appeared to be negotiating completely on her own, probably talking to counsel online but I had never seen that done."

Dorothy Atkins@doratki
26m

Prosecutor Robert Leach is walking through the various terms of Safeway's contract w/ Theranos. Burd says he thought the blood-tests were done on Theranos' devices, and not third-party devices.

Dorothy Atkins@doratki
23m

Burd says Elizabeth Holmes was his point of contact, and even when Sunny Balwani was there, Holmes seemed to be in charge. "She never looked over at Sunny to see what he might be thinking, she answered these questions herself."

Dorothy Atkins@doratki
23m

Burd says Holmes "was always decisive. Whenever she was talking, she owned the room," & her "style" was warm. "I always thought she was a good listener." He says he wasn't aware Holmes had a romantic relationship w/ Balwani. "It just raises the question of what else is hidden."

Dorothy Atkins@doratki
16m

Burd says he thought Theranos' tests had been proven and he was relying on statements in Theranos' presentations, including quotes in the presentation of Glaxoklinesmith's praise of the technology.


Dorothy Atkins@doratki
16m

Prosecutor shows a bank statement showing Safeway gave Theranos $30 million in 2011, and a $10 million convertible promissory note in December 2011.

Dorothy Atkins@doratki
9m

Burd says by 2012, the devices weren't ready for Safeway and he was getting frustrated. "Deadlines were continuing to be missed. We often weren’t given explanation for that. I kept asking, 'Give me some details here, we’re a big company with lots of resources, may be can help.'"

Dorothy Atkins@doratki
7m

Burd says the only technical issue he can remember was that Theranos was having problems with heat generated when they stack six machines together and he offered Safeway's engineering team to help.

Dorothy Atkins@doratki
6m

Burd says he thought Theranos' blood tests had been validated years earlier, and he offered Safeway's resources to help, but Holmes expressed concerns about keeping Theranos' trade secrets concealed.

Dorothy Atkins@doratki
2m

Burd wrote Elizabeth Holmes in a Dec 2012 email that "it is crystal clear that either the most recently committed dates.. were far too ambitious, or there have been some overwhelming surprises along the way..."

Dorothy Atkins@doratki
6m

Burd's email went on "...I also worry that the demand of your core business or the newly acquired DOD business are consumer resources that would otherwise be committed to launch." Burd says Holmes told him Theranos was in a "confidential" DOD deal to use devices in medevac.

Dorothy Atkins@doratki
6m

Burd testifies that Holmes "said it was very confidential I was bothered by it. I was disappointed. It seemed plausible. It just seemed like one more delay to us," but "It made sense." W/ that, trial recessed until Tuesday. That's all folks!

 

[Luna20]

Dorothy Atkins@doratki
52m

We're back. Prosecutor Robert Leach is going through presentation Burd showed Safeway's board. Burd said he made the presentation after running it by Theranos. It includes a "rollout strategy" slide, which includes "build a network of mini-labs and prepare for launch."

Dorothy Atkins@doratki
51m

The presentation was made in May 2010 and the time-line for the roll-out was that Safeway and Theranos' contract would close by the second quarter of 2010. But Burd said the timeline "continuously changed.”

Dorothy Atkins@doratki
46m

Prosecutor shows Burd a July 30, 2010 email Holmes sent to him, Safeway's CFO and Balwani. Holmes wrote the email included "high-level" financial projections attached, which Burd said Safeway asked for to "understand how fast the business would ramp up."

Dorothy Atkins@doratki
45m

Burd says Safeway asked for the projections because "If they weren’t going to be profitable, the business relationship wouldn’t last long."

Dorothy Atkins@doratki
43m

The attachment projected Theranos' 2011 revs would be $223 million, w/ $167M expenses, giving it a "cash flow" of $56M, and growing annually from there. Burd notes that the doc didn't include 2010 info so Safeway had no way to confirm Theranos was cash flow neutral that year.

Dorothy Atkins@doratki
40m

Back to the presentation now, it says Safeway was "guaranteed" an average $10 gross margin per Theranos test. Burd says Safeway would invest $55 million in cash in Theranos, and it would spend $30 million to remodel stores, which Burd notes turned out to be a "v low" estimate.

Dorothy Atkins@doratki
35m

Burd says he negotiated Safeway's Sept 2010 deal "almost exclusively" w/ Elizabeth Holmes. "What was unusual about it was that we never saw an attorney. Elizabeth appeared to be negotiating completely on her own, probably talking to counsel online but I had never seen that done."

Dorothy Atkins@doratki
26m

Prosecutor Robert Leach is walking through the various terms of Safeway's contract w/ Theranos. Burd says he thought the blood-tests were done on Theranos' devices, and not third-party devices.

Dorothy Atkins@doratki
23m

Burd says Elizabeth Holmes was his point of contact, and even when Sunny Balwani was there, Holmes seemed to be in charge. "She never looked over at Sunny to see what he might be thinking, she answered these questions herself."

Dorothy Atkins@doratki
23m

Burd says Holmes "was always decisive. Whenever she was talking, she owned the room," & her "style" was warm. "I always thought she was a good listener." He says he wasn't aware Holmes had a romantic relationship w/ Balwani. "It just raises the question of what else is hidden."

Dorothy Atkins@doratki
16m

Burd says he thought Theranos' tests had been proven and he was relying on statements in Theranos' presentations, including quotes in the presentation of Glaxoklinesmith's praise of the technology.


Dorothy Atkins@doratki
16m

Prosecutor shows a bank statement showing Safeway gave Theranos $30 million in 2011, and a $10 million convertible promissory note in December 2011.

Dorothy Atkins@doratki
9m

Burd says by 2012, the devices weren't ready for Safeway and he was getting frustrated. "Deadlines were continuing to be missed. We often weren’t given explanation for that. I kept asking, 'Give me some details here, we’re a big company with lots of resources, may be can help.'"

Dorothy Atkins@doratki
7m

Burd says the only technical issue he can remember was that Theranos was having problems with heat generated when they stack six machines together and he offered Safeway's engineering team to help.

Dorothy Atkins@doratki
6m

Burd says he thought Theranos' blood tests had been validated years earlier, and he offered Safeway's resources to help, but Holmes expressed concerns about keeping Theranos' trade secrets concealed.

Dorothy Atkins@doratki
2m

Burd wrote Elizabeth Holmes in a Dec 2012 email that "it is crystal clear that either the most recently committed dates.. were far too ambitious, or there have been some overwhelming surprises along the way..."

Dorothy Atkins@doratki
6m

Burd's email went on "...I also worry that the demand of your core business or the newly acquired DOD business are consumer resources that would otherwise be committed to launch." Burd says Holmes told him Theranos was in a "confidential" DOD deal to use devices in medevac.

Dorothy Atkins@doratki
6m

Burd testifies that Holmes "said it was very confidential I was bothered by it. I was disappointed. It seemed plausible. It just seemed like one more delay to us," but "It made sense." W/ that, trial recessed until Tuesday. That's all folks!

Thanks for continuing to bring us the latest. Does EH still look purposely fragile?

 

[nyvictoria]

Oh brother! A repeat of the Casey Anthony case where you got jurors who "can't judge". Get them outta there- judging guilt is exactly why they are there. If she feels sorry for Holmes, she doesn't belong on that jury. She's already made her decision. She'd vote to acquit.

This is not good. Why are these jurors just bringing this up now?

 

[LinasK]

Dorothy Atkins@doratki
52m

We're back. Prosecutor Robert Leach is going through presentation Burd showed Safeway's board. Burd said he made the presentation after running it by Theranos. It includes a "rollout strategy" slide, which includes "build a network of mini-labs and prepare for launch."

Dorothy Atkins@doratki
51m

The presentation was made in May 2010 and the time-line for the roll-out was that Safeway and Theranos' contract would close by the second quarter of 2010. But Burd said the timeline "continuously changed.”

Dorothy Atkins@doratki
46m

Prosecutor shows Burd a July 30, 2010 email Holmes sent to him, Safeway's CFO and Balwani. Holmes wrote the email included "high-level" financial projections attached, which Burd said Safeway asked for to "understand how fast the business would ramp up."

Dorothy Atkins@doratki
45m

Burd says Safeway asked for the projections because "If they weren’t going to be profitable, the business relationship wouldn’t last long."

Dorothy Atkins@doratki
43m

The attachment projected Theranos' 2011 revs would be $223 million, w/ $167M expenses, giving it a "cash flow" of $56M, and growing annually from there. Burd notes that the doc didn't include 2010 info so Safeway had no way to confirm Theranos was cash flow neutral that year.

Dorothy Atkins@doratki
40m

Back to the presentation now, it says Safeway was "guaranteed" an average $10 gross margin per Theranos test. Burd says Safeway would invest $55 million in cash in Theranos, and it would spend $30 million to remodel stores, which Burd notes turned out to be a "v low" estimate.

Dorothy Atkins@doratki
35m

Burd says he negotiated Safeway's Sept 2010 deal "almost exclusively" w/ Elizabeth Holmes. "What was unusual about it was that we never saw an attorney. Elizabeth appeared to be negotiating completely on her own, probably talking to counsel online but I had never seen that done."

Dorothy Atkins@doratki
26m

Prosecutor Robert Leach is walking through the various terms of Safeway's contract w/ Theranos. Burd says he thought the blood-tests were done on Theranos' devices, and not third-party devices.

Dorothy Atkins@doratki
23m

Burd says Elizabeth Holmes was his point of contact, and even when Sunny Balwani was there, Holmes seemed to be in charge. "She never looked over at Sunny to see what he might be thinking, she answered these questions herself."

Dorothy Atkins@doratki
23m

Burd says Holmes "was always decisive. Whenever she was talking, she owned the room," & her "style" was warm. "I always thought she was a good listener." He says he wasn't aware Holmes had a romantic relationship w/ Balwani. "It just raises the question of what else is hidden."

Dorothy Atkins@doratki
16m

Burd says he thought Theranos' tests had been proven and he was relying on statements in Theranos' presentations, including quotes in the presentation of Glaxoklinesmith's praise of the technology.


Dorothy Atkins@doratki
16m

Prosecutor shows a bank statement showing Safeway gave Theranos $30 million in 2011, and a $10 million convertible promissory note in December 2011.

Dorothy Atkins@doratki
9m

Burd says by 2012, the devices weren't ready for Safeway and he was getting frustrated. "Deadlines were continuing to be missed. We often weren’t given explanation for that. I kept asking, 'Give me some details here, we’re a big company with lots of resources, may be can help.'"

Dorothy Atkins@doratki
7m

Burd says the only technical issue he can remember was that Theranos was having problems with heat generated when they stack six machines together and he offered Safeway's engineering team to help.

Dorothy Atkins@doratki
6m

Burd says he thought Theranos' blood tests had been validated years earlier, and he offered Safeway's resources to help, but Holmes expressed concerns about keeping Theranos' trade secrets concealed.

Dorothy Atkins@doratki
2m

Burd wrote Elizabeth Holmes in a Dec 2012 email that "it is crystal clear that either the most recently committed dates.. were far too ambitious, or there have been some overwhelming surprises along the way..."

Dorothy Atkins@doratki
6m

Burd's email went on "...I also worry that the demand of your core business or the newly acquired DOD business are consumer resources that would otherwise be committed to launch." Burd says Holmes told him Theranos was in a "confidential" DOD deal to use devices in medevac.

Dorothy Atkins@doratki
6m

Burd testifies that Holmes "said it was very confidential I was bothered by it. I was disappointed. It seemed plausible. It just seemed like one more delay to us," but "It made sense." W/ that, trial recessed until Tuesday. That's all folks!

BBM. These statements blow the Balwani was controlling her theory out of the water.

 

[nyvictoria]

I’m fascinated by people labeling Holmes as some sort of genius. What has she actually done with her supposed smarts besides scam people out of millions? If she was smart, she would have realized that, even if they could somehow design the Edison to do different types of assays, her brilliant idea of using capillary blood from a fingertip was not going to give accurate results. I’m amazed that so many supposedly “smart” people believed every word she said.

 

[investikater]

This is the one everyone is going nuts over



Did they actually have a relationship?

YES !!!!!

(my first reply was deleted in the server migration.)

why does this correspondence seem so one sided then?

paraphrasing her: 'i really love you'
him: "ok"

 

[Countem]

(my first reply was deleted in the server migration.)

why does this correspondence seem so one sided then?

paraphrasing her: 'i really love you'
him: "ok"

The following article has a good summary of their relationship, which has been acknowledged by both prosecutors and defense attorneys.

Elizabeth Holmes’s Office Romance With Ramesh Balwani Now on Display in Court

 

[investikater]

thanks but it's behind a paywall

 

[Countem]

thanks but it's behind a paywall

Sorry about that! Here is another article.

The mysterious story of former Theranos president Sunny Balwani, who was in a relationship with Elizabeth Holmes and now faces criminal charges

Both EH and SB have admitted to the relationship.

Additionally, the following article does capture a loving text from SB to EH.

A new court filing in Elizabeth Holmes' fraud trial shows texts to her ex-boyfriend and former COO that could play a key role in prosecuting the Theranos founder

 

[investikater]

@Countem

“All my love” is a little generic by contrast... i suppose he could be a reserved sort

 

[Seattle1]

First of all, THANK YOU so much for these tweets. I am very interested in this case and trial. My question is on this last witness, since he was the prosecutions direct witness, when the defense cross-examined, aren’t they supposed to stay within the “scope” of what was asked on. Direct? Why didnt the prosecution object when Wade went into areas like post employment that the govt clearly stayed away from. Plus he went off onto a lot of tangents. I mean if he was cross examining him for 4 days and the prosecutor didnt come close to that on direct isn’t it obvious he went “beyond the scope” of direct examination? I hope the prosecution team are on the ball.

Judge allowed the questions because they were in part evidence of witness character which is allowed under rules of evidence. However, character evidence of the defendant is not typically admissable until the penalty phase.

 

[Seattle1]

I’m fascinated by people labeling Holmes as some sort of genius. What has she actually done with her supposed smarts besides scam people out of millions? If she was smart, she would have realized that, even if they could somehow design the Edison to do different types of assays, her brilliant idea of using capillary blood from a fingertip was not going to give accurate results. I’m amazed that so many supposedly “smart” people believed every word she said.

EH shot herself in both her feet by sticking to the "finger stick prick." She limited her marketing spill to "one drop" method and had no plan B. Competitors agree EH clearly had vison: Beginning around 2015 - Genalyte introduced their own version of the"Edison" ("Merlin") and achieved accurate results for comprehensive test menu when using using appropriate fluid amount. Fast forward to today and Genalyte has perfected their use of the "Maverick" to use fingerstick whole blood for Immunoassay Analyzer and/or Multiplex specialty panels.

“Like Theranos, but it works”–health startup Genalyte proves its worth.

Move Data, not Blood - 30 Minutes Results - Onsite Lab Solution

 

[nyvictoria]

EH shot herself in both her feet by sticking to the "finger stick prick." She limited her marketing spill to "one drop" method and had no plan B. Competitors agree EH clearly had vison: Beginning around 2015 - Genalyte introduced their own version of the"Edison" ("Merlin") and achieved accurate results for comprehensive test menu when using using appropriate fluid amount. Fast forward to today and Genalyte has perfected their use of the "Maverick" to use fingerstick whole blood for Immunoassay Analyzer and/or Multiplex specialty panels.

“Like Theranos, but it works”–health startup Genalyte proves its worth.

Move Data, not Blood - 30 Minutes Results - Onsite Lab Solution

It must be killing her that someone else was able to do more than she ever did.

 

[Seattle1]

It must be killing her that someone else was able to do more than she ever did.

And for the rest of her life, she will read ..." Like Theranos, but it works."

I don't think jurors will struggle to see how greed and lack of ethics overruled her life. MOO

 

[RickshawFan]

I’m fascinated by people labeling Holmes as some sort of genius. What has she actually done with her supposed smarts besides scam people out of millions? If she was smart, she would have realized that, even if they could somehow design the Edison to do different types of assays, her brilliant idea of using capillary blood from a fingertip was not going to give accurate results. I’m amazed that so many supposedly “smart” people believed every word she said.

I agree. It never ceases to amaze me how anyone would conclude this was a smart woman. She also seems very immature to me.
I'll repost this article, which is an approved source. I love to hear this brilliant, accomplished, professor talk (and her low voice is far more natural that EH's). She's very clear about how ludicrous this idea of EH's is, and how she told her so. She speaks of how arrogant she is, and how unwilling to hear advice. She also waxes dramatically on how it's men that think EH is smart. Indeed, I don't think I've heard of women being duped, except DeVoss and maybe the look-alikes in the line at the courthouse on Day 1 of the trial.
Not only was the blood sample too small to be able to run all those tests, but EH was using Siemens machines to do a lot of the testing. To do that, she had to dramatically dilute the finger-prick blood, which would subject the sample to potential contamination and/or increase the chances of error. There's a reason why, when you go to have blood drawn, they don't use a micro amount; you have to have enough of a sample to do an accurate test.
Also, as noted ^^^, EH uses gobbledygook to describe the process she uses to test a blood sample. She clearly has no education in chemistry, which is supposed to be her field.

‎Danny In The Valley: Dr Phyllis Gardner, Stanford professor and Theranos critic: "I'll only really feel good if she's convicted" on Apple Podcasts

I was looking up something else—a Jack Ma eyeroll—and I realized how banal I find everything EH says. Apple had this vision and was saying this kind of thing publicly in the 1980's (I know because I bought my first computer in 1985, and have had one ever since). None of what EH says is revelational: all just parroted from way back when. Yep, banal, unoriginal, and at least 35 years late.
Here's the video:

Jack Ma's eyeroll is somewhere in there.

 

[meanmaryjean]

it's men that think EH is smart

BINGO

 

[nyvictoria]

it's men that think EH is smart

BINGO

They were dazzled by the blond hair and blue eyes. She could have been speaking Mandarin and they would have been enthralled.

This know-nothing was considered someone that all little girls should aspire to become. There are still some who believe she’s being persecuted simply for being a woman in a man’s world.