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Attorneys Mull Takeaways From Conviction Of Theranos Founder Holmes

 
• By Elizabeth Orr

Elizabeth Holmes has been convicted on four counts of investor fraud. Two attorneys who followed the case spoke to Medtech Insight about what happened – and what it could mean for industry as a whole.

Theranos founder Elizabeth Holmes arrives to attend her fraud trial at federal court in San Jose, CA, on 16 December 2021.
Theranos founder Elizabeth Holmes arrives to attend her fraud trial at federal court in San Jose, CA, on 16 December 2021. • Source: REUTERS/Peter DaSilva

The trial of Theranos founder Elizabeth Holmes ended in four fraud convictions on 4 January. But while that chapter in the largest medtech scandal in years has come to a close, the cautionary tale will continue to reverberate in the devices and diagnostics sector.

Holmes, who falsely claimed Theranos technology could diagnose a variety of diseases and conditions from a single drop of blood, was convicted on three counts of wire fraud and one...

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