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Theranos founder Elizabeth Holmes takes stand in fraud case By Reuters


© Reuters. FILE PHOTO: Former Theranos CEO Elizabeth Holmes arrives for a listening to at a federal court docket in San Jose, California, US, July 17, 2019. REUTERS/Stephen Lam/File Picture

By Jody Godoy

SAN JOSE, Calif. (Reuters) – Theranos founder Elizabeth Holmes took the stand on Friday to defend towards fraud claims involving the now-defunct blood-testing startup as soon as valued at $9 billion.

Holmes is accused of creating false claims about Theranos, together with that its know-how may run a variety of diagnostic exams extra rapidly and precisely than standard laboratory testing with a drop of blood from a finger prick.

As soon as touted because the Steve Jobs of biotech for his firm’s supposedly progressive know-how, Holmes faces 9 counts of wire fraud and two counts of conspiracy. She has pleaded not responsible.

Over the course of the two-month trial, jurors in San Jose, California, have heard testimony from greater than two dozen witnesses for the prosecution, together with sufferers and buyers whom prosecutors say Holmes deceived. On the shut of their case on Friday, prosecutors moved to dismiss one rely of fraud concerning a affected person.

Protection lawyer Lance Wade informed jurors throughout opening arguments in September that Holmes was a hardworking younger entrepreneur who had underestimated the obstacles Theranos confronted earlier than it failed.

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Abhishek Tiwarihttps://www.cyberyukti.com
Abhishek Tiwari is the Author & Founder of the CyberYukti.com. He is passionate about Blogging & Digital Marketing.

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