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This CEO is out for blood
Key Excerpts from Article on Website of Fortune
Posted: July 1st, 2014
http://fortune.com/2014/06/12/theranos-blood-holmes/
Elizabeth Holmes founded her revolutionary blood diagnostics company, Theranos, when she was 19. Its now worth more than $9 billion, and poised to change health care. In the fall of 2003, Elizabeth Holmes, a 19-year-old sophomore at Stanford, plopped herself down in the office of her chemical engineering professor, Channing Robertson, and said, Lets start a company. As a freshman, Holmes had taken Robertsons seminar on advanced drug-delivery devicesthings like patches, pills, and even a contact-lens-like film that secreted glaucoma medicationbut now she had invented one the likes of which Robertson had never conceived. It was a wearable patch that, in addition to administering a drug, would monitor variables in the patients blood to see if the therapy was having the desired effect, and adjust the dosage accordingly. With Robertsons blessing, Holmes started her company and, a semester later, dropped out to pursue it full-time. Now shes 30, and her private, Palo Alto-based corporation, called Theranosthe name is an amalgam of the words therapy and diagnosishas 500 employees. Theranos today is a potentially highly disruptive upstart in Americas $73 billion diagnostic-lab industry. It currently offers more than 200and is ramping up to offer more than 1,000of the most commonly ordered blood diagnostic tests, all without the need for a syringe. Theranoss tests can be performed on just a few drops of blood, or about 1/100th to 1/1,000th of the amount that would ordinarily be requiredan extraordinary potential boon to frequently tested hospital patients or cancer victims, the elderly, infants, [and] children.
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