All posts tagged "Biotech"

San Francisco (AFP) - Elizabeth Holmes's startup Theranos made her a multi-billionaire hailed as the next US tech visionary by age 30, but it all evaporated in a flash of lawsuits, ignominy and, finally, criminal charges. The rise and fall of Holmes, who on Monday was convicted of defrauding investors of her biotech startup, is a heavily-chronicled saga that prompted a hard look at her methods but also the unseemly aspects of startup life. In many ways Holmes fit the image of a Silicon Valley entrepreneur, from her dark-colored turtleneck sweaters that evoked tech legend and Apple founder Stev......

San José (United States) (AFP) - Fallen biotech star Elizabeth Holmes took the stand Friday in her Silicon Valley fraud trial, a risky tactic to defend herself against charges that could send her to prison. Holmes faces potentially decades behind bars if convicted of allegations she scammed investors in her much-hyped blood test start-up Theranos -- once valued in the billions but which collapsed under fraud claims. After prosecutors rested their case Friday following 11 weeks of testimony from more than two dozen witnesses in a San Jose federal courtroom, 37-year-old Holmes's team began their......