Theranos CEO

Theranos CEO Is Banned From Running Lab

Theranos CEO Elizabeth Holmes is banned from running lab for the next 2 years. Today a letter was sent to Theranos in which regulators said they were revoking the certification of its Newark, Calif,. effective on sept, 5.

In the letter – the agency said it “has not removed the finding of immediate jeopardy” and, in reviewing the list of failures that were noted during the inspection, wrote repeatedly that “the laboratory’s allegation of compliance is not credible and evidence of correction is not acceptable.” This sanctions will go into effect within next 60 days. According to the letter – Theranos will be fined $10,000 per day starting July 12.

[ Bloomberg , WSJ ]

THERANOS TOTAL FUNDING : $686.3M IN 8 ROUNDS : [ Via Venture Pulse Data ]

DateFunding AmountFunding RoundLead VC/Investor
Mar, 2015$348.5MPrivate Equity
Feb, 2014$198.9MPrivate Equity
Sep, 2013$50MUndisclosedWalgreens
Jul, 2010$45MVenture
Nov, 2006$28.5M Series C
Feb, 2006$9.1MSeries B
Feb, 2005$5.8M Series A
Jun, 2004$500kSeedDraper Fisher Jurvetson (DFJ)