Valuating the $9 billion medical unicorn Theranos: How to become the biggest scam in the United States?

Theranos, living in the hottest investment biomedical field, $ 9 billion valuation, investors have Oracle's founder, board members include two former US Secretary of State Henry Kissinger and George Schultz · P ·, 19-year-old founder Stanford dropped out of school and became the richest woman in the United States at the age of 31...

This is like a perfect entrepreneurial story, only the last Nasdaq ringing the clock.

However, in less than a year, the company's valuation has dropped from 0 billion to 0. It has also been labeled as "the largest corporate fraud scam in the United States." What is going on? What is the technical strength behind this company? Let's take a look at it today.

1. What exactly is this Theranos doing?

In the past two years, the mysterious and low-key Theranos has been claiming to subvert the US blood testing industry, which has an annual output of tens of billions of dollars.

Their slogan is "Farewell to the terrible needles and blood collection tubes", claiming to provide a faster, cheaper, painless blood test that can complete up to 240 medical treatments in a professional medical laboratory with just a few drops of blood. Check, almost all tests can be detected from cholesterol to cancer.

Second, how did they get fired, and how did they fall to the mortal?

In fact, the company was established as early as 2003, and founder Holmes started his career at Stanford when he was 19 years old.

In the first 10 years, the company was still relatively low-key. Until 2013, a series of external cooperation made it a fast lane.

First, in September 2013, Theranos embraced the thighs of Walgreens, a pharmacy chain sales agency with 7,000 stores, and opened the test to the public at the Walgreens pharmacy chain.

Later, he even persuaded the Arizona legislature to pass a law that allowed patients to skip doctor approval and directly select her lab to purchase any combination of testing items they needed.

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