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The Dropout

The Clients

The Dropout

ABC News

True Crime

4.625.6K Ratings

🗓️ 19 October 2021

⏱️ 43 minutes

🧾️ Download transcript

Summary

Theranos’ biggest clients, Walgreens and Safeway, are on the stand this week, testifying to what exactly they say they were told before signing multimillion-dollar deals with the blood testing startup. In email exchanges, text messages and board presentations, the prosecution paints a picture of deception while the defense claims the industry giants should’ve known better. Plus, we hear from Sunny Balwani’s dermatologist of 15 years, who happened to also become Theranos’ lab director. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Previously on the dropout, there was drama from the jury pool when two women asked to be

0:09.0

excused.

0:10.0

One was ultimately dismissed.

0:12.0

Her Buddhist values and concerns around punishment, preventing her from serving.

0:16.0

We're only a few weeks into the trial, and we've now lost our second juror.

0:22.7

Everyone's going to be very mindful of the fact that jurors are starting to leave.

0:27.0

And a veteran Silicon Valley investor put the Theranos saga into larger context.

0:32.4

The notion that you could raise hundreds of millions of dollars for a medical testing

0:36.9

company run by a person under the age of 30 was something that would have been vanishingly

0:43.0

unlikely prior to 2000, but didn't seem out of place in the environment of the first

0:48.7

decade of this century.

0:51.1

This week we hear from former Theranos co-o Sunny Belwani's dermatologist, who also happened

0:57.0

to join Theranos as its lab director.

0:59.9

And two retail giants whose deals with Theranos help propel the company from a startup dream

1:05.6

to a big league business.

1:14.7

From ABC Audio, this is the dropout, Elizabeth Holmes on trial.

1:21.0

Episode 9.

1:22.2

The Clients.

1:26.1

In 2010, Elizabeth Holmes was plotting along, gathering investments and working to make

1:31.0

Theranos' supposedly revolutionary technology a reality.

1:35.6

But when two major US companies signed on to put Theranos devices in their stores, things

1:41.6

got very real, very quickly.

...

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