biotech
Lodi (United States) (AFP) - It may look like an innocent green plant, but its name evokes something far closer to a robot or interstellar rocket. Neo Px is a bioengineered plant capable of purifying indoor air at an unprecedented scale, the first in a potentially long line of such super-powered organisms. "It's the equivalent of up to 30 regular houseplants in terms of air purification," said Lionel Mora, co-founder of startup Neoplants. "It will not only capture, but also remove and recycle, some of the most harmful pollutants you can find indoors." Five years ago, the entrepreneur met Patr...
AFP
San José (United States) (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, an 11-year prison sentence on Friday. The rise and fall of Holmes, who in January 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 te...
AFP
San José (United States) (AFP) - Jurors weighing the fate of fallen US biotech star Elizabeth Holmes on Monday told the judge they cannot agree on verdicts for three of the fraud charges against her. The 12-person panel did not signal its decisions on the remaining eight counts Holmes faces over her once billion-dollar startup Theranos, in a case seen as an indictment of Silicon Valley culture. The 37-year-old could be jailed for years if convicted over what prosecutors argued was a willful conning of investors and patients. Holmes's startup vowed to revolutionize diagnostics with self-service...
AFP
San José (United States) (AFP) - Jurors late Friday began deliberating whether fallen Silicon Valley star Elizabeth Holmes conned investors or earnestly believed the technology used by her blood-testing startup could revolutionize the industry. After more than three months of testimony, during which Holmes testified in her own defense, the panel of four women and eight men was sent to mull whether she is guilty of fraud charges that could send her to prison for years. Jurors went home in the evening and will resume deliberations next week. During closing arguments, prosecutors accused Holmes...
AFP
San José (United States) (AFP) - US jurors heard clashing visions Thursday at fallen Silicon Valley star Elizabeth Holmes's trial, with prosecutors calling her a fraudster in closing arguments and the defense claiming she truly believed in her blood testing startup. Holmes potentially faces years in prison if convicted on allegations she defrauded investors and clients of her once-hyped firm Theranos, which collapsed after it was revealed the machines did not work as promised. The closing arguments in San Jose, California mark the nearing end of the high-profile case that has drawn intense med...
AFP
San José (United States) (AFP) - Prosecutors said Thursday fallen US biotech star Elizabeth Holmes chose fraud over admitting failure of her blood-testing startup Theranos, in their final pitch to jurors in her high-profile Silicon Valley trial. Holmes potentially faces prison time if convicted on allegations she defrauded investors and clients of her once-hyped firm, which collapsed after its testing machines did not work. Prosecutor Jeff Schenk told a San Jose, California courtroom that the entrepreneur, once compared to Apple founder Steve Jobs, could have chosen to watch Theranos dissolve ...
AFP
San José (United States) (AFP) - Fallen biotech star Elizabeth Holmes told her US fraud trial Tuesday she appealed to Wall Street Journal owner Rupert Murdoch to try to stop the paper's reporting that initiated the unravelling of her startup. US prosecutors, in their first crack at the Theranos founder, sought to undermine days of testimony in which she has presented herself as an entrepreneur of good faith but who made mistakes. Holmes faces the possibility of prison if convicted by a Silicon Valley jury on charges she duped backers with pledges of revolutionary blood-testing machinery that s...
AFP
San José (United States) (AFP) - Fallen biotech star Elizabeth Holmes told her US fraud trial Monday she she believed in her blood testing startup's technology because of researchers' feedback, taking on prosecution charges she was a scammer hiding its flaws. Holmes potentially faces prison time if convicted on allegations she defrauded investors in her once-hyped Silicon Valley company Theranos, which collapsed after its diagnostic machines did not perform as promised. Under questioning in a San Jose, California courtroom, she cited examples of researchers who provided encouraging feedback re...
AFP
San José (United States) (AFP) - Fallen biotech star Elizabeth Holmes testified at her US fraud trial Friday in a risky defense bid, depicting herself as a committed innovator who spent her savings and quit an elite college to pursue her vision. 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. "I started with talking to my parents, they let me take the money saved for my college to work on my patent, then I went to raise or borrow...
AFP
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...
AFP
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