4.6 • 8.7K Ratings
🗓️ 16 September 2021
⏱️ 19 minutes
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0:00.0 | This is an on-the-media podcast extra. |
0:04.8 | I'm senior producer Leah Fetter, bringing you an update to a story |
0:08.5 | Brooke and I worked on together a few years back |
0:10.6 | when then Wall Street Journal reporter John Careroux published Bad Blood, |
0:15.7 | his eye-popping expose of Elizabeth Holmes |
0:18.4 | and her promise to revolutionize the blood testing industry. |
0:22.7 | There's an opportunity to create a new paradigm, being able to make actionable health |
0:28.6 | information accessible to people everywhere at the time it matters most. |
0:34.1 | A decade earlier at the age of 19, Holmes had founded Theranos, a company built on the |
0:39.4 | claim that its microfluidic technology could facilitate a move from deep vein blood draws |
0:45.0 | to tests based on a single drop of blood. It promised easier, cheaper, more accessible lab tests. |
0:52.6 | And it quickly became a Silicon Valley darling. |
0:56.3 | Theranos is valued greater than, say, Quest Diagnostics or Lab Corp. In 2014, Fortune |
1:01.8 | magazine ran a now iconic cover story featuring homes. Blonde hair, a black turtleneck, |
1:08.0 | a deadpan stare into the camera, and the headline, |
1:13.2 | this CEO is out for blood. |
1:18.3 | But only 16 months later, Karoo would start publishing damning articles, |
1:21.5 | and Homestar would come tumbling to the ground. |
1:24.1 | Two articles published in the Walls-Reed Journal investigated the efficacy and accuracy of the single finger prick blood |
1:29.1 | test that put Theranos on the math. |
1:31.0 | Theranos saying it is scaling back its tests after the expose in the Wall Street Journal |
1:35.5 | claims the company uses its key technology in just one of its tests. |
... |
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