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The ideas presented in 'Bad Blood' revolve around the development of a device that can perform a wide range of tests using a small amount of blood. The potential for such a device in real-world scenarios is immense, as it could revolutionize the healthcare industry by making blood testing more accessible and less invasive. However, the story of Theranos serves as a cautionary tale about the importance of rigorous testing, transparency, and ethical business practices. Any attempt to implement similar ideas would need to ensure that these principles are upheld to avoid the same pitfalls.
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Elizabeth successfully convinced Pfizer to use the Theranos system in one of their patient trials at Tennessee. Patients would have the Theranos 1.0 device in their homes and take blood tests daily. The results would be shared with Pfizer. The day before Elizabeth was to train the patients and doctors, the cartridges and readers were not working properly. Ed spent the night fixing them. When he came to know the study involved patients suffering from terminal cancer, he felt that the device was too unreliable to be used in a serious study.
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Learn why and how a $9 billion dollar company vanished in a few weeks. The story of Theranos is the Silicon Valley equivalent of the Enron scandal rep...
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