The company faced a string of legal and commercial challenges from medical authorities, investors, the U.S. Ī turning point came in 2015, when medical research professor John Ioannidis, and later professor of clinical biochemistry Eleftherios Diamandis, along with investigative journalist John Carreyrou of The Wall Street Journal, questioned the validity of Theranos's technology. These claims were later proven to be false. ![]() ![]() The company claimed that it had devised blood tests that required very small amounts of blood and that could be performed rapidly and accurately, all using compact automated devices which the company had developed. Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $10 billion valuation at its peak in 20. oʊ s/) was an American privately held corporation that was touted as a breakthrough health technology company. at the Wayback Machine (archived August 28, 2018)
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