Elizabeth Holmes trial Week 6 recap: Trouble with Safeway and Walgreens deals, and how a dermatologist became the startup's lab director

Asia's Tech News Daily

© Provided by Business Insider Theranos founder Elizabeth Holmes leaves the Robert F. Peckham U.S. Courthouse with her mother Noel Holmes during her trial. Brittany Hosea-Small/Reuters

  • The fraud trial of Theranos founder Elizabeth Holmes has concluded its sixth week.
  • It included testimony about Theranos’ failed Walgreens and Safeway deals.
  • Here’s everything that happened in the trial in its sixth week.

“I have never been more frustrated”

Former Safeway CEO Steven Burd returned to the stand, testifying that his company did at least 100 hours of due diligence on Theranos before signing a $400 million contract, according to CNBC.

Burd spoke of frequent launch delays, lost blood samples, nonsensical test results, and a “poor patient experience,” according to the Wall Street Journal. He added that he worried about Safeway’s reputation.

In late 2012, he wrote an email to Holmes with the subject line “Becoming Discouraged.”

“I can only recall having been discouraged once in the last 62 years,” he wrote. “That said, I am getting close to my second event.”

On another occasion, he said, “We are so good together when we collaborate, but I have never been more frustrated. I want to help, but you are making it difficult.” The deal dissolved in 2015.

“The haters are everywhere”

Former Walgreens CFO Wade Miquelon testified that Walgreens agreed to pay Theranos a $100 million “innovation fee,” along with $40 million in convertible notes. In August 2013, Holmes asked Walgreens to speed up the $100 million payment, Miquelon said.

Shortly after the Wall Street Journal published its exposé on Theranos in 2015, Miquelon emailed Holmes words of encouragement.

“The haters are everywhere, but your contribution to the world cannot be bottled up,” he wrote, according to the Journal. “You are going to help so many people in your lifetime it’s absurd.”

How a dermatologist became a Theranos lab director

Sunil Dhawan, a dermatologist for Theranos’ former COO and President Sunny Balwani, testified that Balwani asked him to be Theranos’ lab director, which Balwani said had a “minimal” time commitment, the Journal reports. Though Dhawan seemed an unusual choice, he met federal and state requirements. He testified that he rarely visited the lab and that he only worked five to 10 hours from November 2014 to the summer of 2015. He was paid $5,000 per month.

Theranos disappointed on its biggest promise, former Walgreens exec says

Former Walgreens executive Nimesh Jhaveri testified that the company was unaware that finger-stick samples were being tested on commercial third-party devices; Walgreens believed these tests were being run on Theranos’ own devices. In 2014, roughly 40% of tests were still requiring vein draws instead of simple finger pricks, and Walgreens wanted to “get that number to zero.” That never happened, despite Balwani’s reassurance that venous draws would dip below 5% by the end of 2014, Jhaveri said.

He said this was disappointing because running a variety of tests with a single fingerprick was Theranos’ biggest selling point.

Walgreens ultimately ended the partnership in 2016.

Theranos’ former senior project manager testifies

Daniel Edlin, a senior project manager at Theranos, testified that Theranos sometimes set up partitions to hide parts of its labs before giving tours. He also said he was once asked to set up a display of Theranos’ MiniLab machines for guests to see on a tour, but he later learned these devices were never used for clinical patient testing.

Edlin said he knew Theranos used third-party devices to run venous tests but wasn’t aware the company also used them for finger-stick samples, according to KTVU.

He ultimately left Theranos in 2016.

“I no longer believed based on what I was seeing that the company was capable of standing behind the claims it had been making about its technology,” he said, according to the Journal.

You can catch up on Week 1 here, Week 2 here, Week 3 here, Week 4 here, and Week 5 here. You can read how Holmes wound up on trial here and see the list of potential witnesses here. Everything else you need to know about the case is here.

Read the original article on Business Insider

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

I spent £11k turning my face in Barbie's but I'm now forking out to look ‘normal' again as I forgot what I looked like

A MODEL wants her natural looks back after years of having fillers injected into her face. Candice Kloss, 21, from New York, has had so much work done that at ... Read more »

World's worst boss literally worked my cancer-stricken colleague to death after making her do 13-hr shifts during chemo

A WORKER has accused their boss of working their cancer-stricken colleague to death after forcing her to do 13-hour shifts while enduring chemotherapy. The outraged employee says their fellow worker ... Read more »

S.Africa economy shrinks after riots, Covid measures

© LUCA SOLA A spree of arson and looting rocked parts of South Africa in July following the jailing of ex-president Jacob Zuma for contempt after he refused to appear ... Read more »

Black-owned boutique winery with inspiring backstory opens in Franschhoek

© Provided by CapeTalk A 100% black-owned winery has opened its doors in Franschhoek Owner Paul Siguqa grew up in the Franschhoek region with the dream of owning a farm ... Read more »

UAE adopts Monday to Friday as working week

© Provided by dw.com The UAE will reduce its workweek to 4.5 days The United Arab Emirates announced on Tuesday that its official workweek will move to Monday to Friday. ... Read more »

‘Mistakes and missed opportunities created environment for Grenfell disaster'

Mistakes and missed opportunities by the Government to learn from previous fires created the environment for the Grenfell Tower blaze, the public inquiry into the disaster has heard. The Department ... Read more »

Giant pandas Yang Guang and Tian Tian to stay in UK for another two years

The only giant pandas in the UK will remain in Scotland for another two years after China gave permission to extend their stay. Yang Guang and Tian Tian arrived at ... Read more »

Bigg Boss Marathi: Sneha Wagh Returns, Accuses Jay Dudhane of Using Her For Game

© Provided by News18 After the drama of Sunday’s elimination in Bigg Boss Marathi 3, the members of the house got a big surprise today as contestants who were evicted ... Read more »

Bank Official Arrested For Liquor Smuggling in Bihar's Siwan District

© Provided by News18 Bank Official Arrested For Liquor Smuggling in Bihar’s Siwan District A bank official has been arrested for his alleged involvement in liquor smuggling in the Siwan ... Read more »

Why is Congress so rattled, asks TMC's Abhishek Banerjee | Exclusive

As the TMC seeks to expand its national footprint, the Congress has accused the party of playing into the BJP’s hands and compromising opposition unity. In response, TMC’s second-in-command, Abhishek ... Read more »

Picture of TMC leader holding gun goes viral ahead of Mamata Banerjee's Malda visit

On a day when Bengal CM Mamata Banerjee is slated to start her administrative meeting in Malda and Murshidabad, a picture of Mrinalini Mandal Maity, a senior leader of TMC’s ... Read more »

Halle Berry unsure if she's Van Hunt's muse

© Bang Showbiz Halle Berry doesn’t know if Van Hunt has written about her Halle Berry has no idea if Van Hunt has written a song about her. The ‘Bruised’ ... Read more »

Shyam Singha Roy's song Sirivennela: Soulful track shows the amiable love story of Nani & Sai Pallavi

© Provided by Pinkvilla Legendary lyricist Sirivennela Seetharama Sastry’s last song was for Natural Star Nani’s highly anticipated flick Shyam Singha Roy is finally out.  The song Sirivennela is captivating ... Read more »

What makes the Succession theme worth ignoring the 'Skip Intro' button every time

© Provided by Firstpost What makes the Succession theme worth ignoring the ‘Skip Intro’ button every time If Adele could get Spotify to remove its Shuffle option for her album, ... Read more »

DeepVeer to Virushka: Celeb couples who had special clauses for guests to attend their wedding

© Provided by Pinkvilla It is the happy month of December and it also marks the beginning of the wedding season here in India. Every other day some or the ... Read more »

Katrina Kaif-Vicky Kaushal wedding: Meme machines compare the wedding to Squid Game as guests reach the shaadi venue under tight security – read tweets

© Provided by BollywoodLife.com Katrina Kaif and Vicky Kaushal‘s wedding has become a HOT topic of discussion. After keeping all the details under wrap for a long time, Vicky and ... Read more »

Katrina Kaif - Vicky Kaushal Wedding In Sawai Madhopur: Guests Asked To Leave Phones In Room

It is finally happening! Katrina Kaif and Vicky Kaushal will soon be man and wife. The Bollywood star couple has already left for Jaipur, where the big fat wedding will ... Read more »

Assam Police to recruit 2134 constables, 306 sub-inspectors; check details

Assam Police has released job advertisements to recruit 2134 constables and 306 sub-inspectors. The recruitment process will commence on December 10 and the last date for submission of application forms ... Read more »

Europas Tech-Aktien kämpfen um Unabhängigkeit

Die Wachstumstrends für Technologiewerte bleiben auch in Europa intakt. Viele europäische Tech-Unternehmen könnten aber übernommen werden. An den Börsen stehen schwergewichtige Technologiekonzerne aus den USA und China im Fokus. Dabei ... Read more »

Lage bei Wohnungsbaukonzern China Evergrande spitzt sich zu

© KEYSTONE/EPA/ALEX PLAVEVSKI Die Lage beim hochverschuldete chinesischen Wohnungsbaukonzern Evergrande spitzt sich zu. Erstmals hat der zweitgrösste Immobilienentwickler Chinas Insidern zufolge eine Galgenfrist für Zinszahlungen gerissen. Wie mehrere mit der ... Read more »

Nearly all children have fallen behind because of Covid, Ofsted warns

Amanda Spielman – Geoff Pugh Nearly all children have fallen behind and struggled during the pandemic, the head of Ofsted has warned. Loneliness, boredom and misery became “endemic” among youngsters ... Read more »

Shakira proud to have royal fan

© Bang Showbiz Princess Charlotte likes Shakira Shakira is “so pleased” Princess Charlotte is a fan of her music. The ‘Hips Don’t Lie’ hitmaker was delighted to hear the six-year-old ... Read more »

Frustrated Parisians want the City of Light to shine less bright

A study has revealed that 95 percent of people living in the Paris region find the City of Light to be, well, too shiny. The vast majority of people surveyed ... Read more »

Holly Willoughby's dream wedding dress inspired by rock music video – see photo

© Provided by Hello! holly-willoughby-wedding-dress-rock-video This Morning presenter Holly Willoughby married her husband Dan Baldwin in 2007 wearing a traditional wedding dress – but she confessed live on air that ... Read more »

Mrs Brown's Boys controversies and fall outs as co-stars set to divorce

Mrs Brown’s Boys has been on the air for a full decade – but it looks like the show could be as cursed as fellow BBC show Strictly Come Dancing. ... Read more »

Strictly's Rylan Clark-Neal shows off his new blonde hair and veneers

© Provided by Daily Mail MailOnline logo Rylan Clark-Neal showed off his new blonde highlights and veneers at Strictly’s It Takes Two show on Monday. Having arrived earlier in a ... Read more »

Succession leads Critics Choice Television Awards nominations

© Provided by Cover Media Succession Succession leads the Critics Choice Television Awards nominations with eight nods. The HBO show received nominations for Best Drama Series, Best Actor in a ... Read more »

Msunduzi community blocks road with bottles for two days in protest over electricity outages

© Provided by Daily News DURBAN – Residents in the Vulindlela area, outside the Pietermaritzburg CBD, have embarked on a unique protest action, blockading roads in the area with beer ... Read more »

Holly Willoughby rents £88 dress for This Morning and it's perfect for party season

Holly Willoughby dazzled viewers yet again on Tuesday as she took to ITV This Morning sporting another incredibly festive look. Returning to our screens alongside co-star Phillip Schofield, the 40-year-old ... Read more »

Leonardo DiCaprio's father makes acting debut with cameo in Licorice Pizza

© Getty Images Leonardo DiCaprio with father George – Getty Images Leonardo DiCaprio’s father George has made his acting debut with a cameo in Paul Thomas Anderson’s new comedy-drama, Licorice ... Read more »

All Vault Locations in Fortnite Chapter 3, Season 1

There are numerous vaults to be discovered across the Fortnite island. Here’s where you can find each one. Fortnite Chapter 3, Season 1 is kicking off with some weekly challenges. ... Read more »

Jude Bellingham fined but avoids suspension from German FA for referee comments

German police are investigating Jude Bellingham's comments on referee Felix Zwayer after Borussia Dortmund's loss to Bayern Munich, Sky in Germany have been told; the German FA meanwhile have fined the player and Dortmund will not appeal the decision Read more »

UAE school week to shift in line with new weekend change

© Provided by The National Dubai College is one of the oldest schools in the city. This is for the series of stories on DubaiÕs oldest schools. Chris Whiteoak/ The ... Read more »

Portland police charge man with threatening officers with a rifle

Dec. 7—A local man faces several charges, including criminal threatening with a dangerous weapon after allegedly threatening Portland police officers with an AR-15 semi-automatic rifle. Cameron Hanscom, 29, showed the ... Read more »

Moment barefoot serial conman Peter Foster is dragged away by police

© Provided by Daily Mail MailOnline logo Notorious Australian conman Peter Foster was captured by an elite team of ‘fugitive hunters’ six months after he allegedly skipped court charged with ... Read more »

Villeneuve: Chaos-GP in Dschidda "keine Formel 1, sondern Leihkart-Fahren"

© Motorsport.com Motorsport photo Jacques Villeneuve, Formel-1-Weltmeister von 1997, hat nach dem Grand Prix von Saudi-Arabien harte Kritik am Duell zwischen Lewis Hamilton und Max Verstappen geübt und viele der ... Read more »

Sage announces 2021 winners of 3rd annual Circle of Excellence Accounting Awards

Annual industry awards recognize the best accounting and bookkeeping professionals in Canada TORONTO, Dec. 06, 2021 (GLOBE NEWSWIRE) — Sage (FTSE: SGE), the market leader in cloud business management solutions, ... Read more »

Fury as UK vaccine booster programme grinds to halt -3rd jab rollout 'stuck in first gear'

The booster rollout vaccinated fewer people over the weekend than it did before ministers promised to put it “on steroids”, figures showed on Monday. The number of third jabs administered ... Read more »

Holly Willoughby talks candidly about loving all three of her labours

This Morning star Holly Willoughby opened up about her labour experience on the show yesterday (6 December). © Mike Marsland – Getty Images This Morning star Holly Willoughby admitted she ... Read more »

Doctors and nurses' plea to Londoners: ‘Wear masks on tube and buses to save lives'

Intensive care doctors and nurses are pleading with Londoners to wear face masks on public transport to reduce the spread of Covid this winter. © AFP via Getty Images BRITAIN-HEALTH-VIRUS-TRANSPORT ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic