Theranos and Elizabeth Holmes Deception
You MUST place a number in front of each of your five (5) answer parts.
1. First, briefly explain just what this process was all about, and the potential benefits allegedly being offered to the medical community by Theranos?
2. In your opinion, why were the investing public so gullible and why did they so thoroughly believe in this new process invention?
3. What is your opinion of the ethical character and moral compass of Elizabeth Holmes?
4. Will her civil and legal penalties be just for the harm that she has done? Explain?
5. What did you learn from the completion of this assignment?
Bad Blood
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Question One
1 Theranos and Elizabeth Holmes argued that, by using the Edison device, they had established a revolutionary blood testing technology. The procedure entailed taking small blood amounts from a finger prick with the Edison, a shortened blood analyzer, for carrying out numerous laboratory tests. Holmes argues that the technology would enhance accessibility in blood testing and emphasizes that it is cheaper, less invasive, and faster than ancient lab testing approaches (O'Donnell, 2018). Holmes further renamed the Edison "healthcare's iPod" and emphasized that it would perform numerous tests, including cancer and cholesterol, at lower prices.
The blood testing technology's benefits incorporate capabilities to perform detailed blood assessments with just a tiny amount of blood. The approach would help save quality care costs for patients and healthcare institutions. Elizabeth Holmes became the youngest female billionaire, as Theranos' value at its peak was estimated at $10 billion, as it was