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ARTICLE · 30 NOVEMBER 2021

Due Diligence - Blood, Sweat And Tears Required?

Marks & Clerk
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Marks & Clerk LLP was founded in 1887 by George Croydon Marks, who was joined in partnership by...

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Over the last few months I have been following updates to the trial of Elizabeth Holmes in "The Drop Out" podcast.

United KingdomIntellectual Property
Mairi Rudkin
Mairi Rudkin
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Over the last few months I have been following updates to the trial of Elizabeth Holmes (former CEO of Theranos) in "The Drop Out" podcast. Theranos was medical technology start-up based in Silicon Valley which claimed to have developed a revolutionary blood testing technology that could perform hundreds of blood tests on a single drop of blood. Over a period of around ten years, Theranos was able to raise hundreds of millions in investment until an explosive report in the Wall Street Journal revealed that many of their claims on the technology were false and the company was dissolved in 2018. Holmes is now on trial for wire fraud and conspiracy charges.

In recent weeks the trial has seen a number of former investors take the stand and this week's podcast episode has focussed on them.

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