December 3, 2021

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Elizabeth Holmes Rebuts Prosecution's Key Argument In Trial

Elizabeth Holmes Rebuts Prosecution's Key Argument In Trial

On Monday, Elizabeth Holmes, the founding father of the blood testing start-up Theranos, aimed to rebut a key argument made by prosecutors in her fraud case: that she lied about her firm’s work with pharmaceutical firms.

One of many most damning pieces of evidence prosecutors have offered towards Ms. Holmes is that Theranos despatched falsified pharmaceutical firm validation reviews to buyers. These reviews displayed the logos of drug makers, which acted as proof that Theranos’s know-how had been validated by them. Throughout the trial, buyers have testified that these reviews helped persuade them to pour cash into Ms. Holmes’s start-up.

However representatives from Pfizer and Schering-Plough testified that their firms had by no means validated Theranos’s know-how. (Pfizer’s consultant mentioned the corporate had come to the other conclusion.) Nor had they accredited of getting their logos added to the reviews.

On the stand on Monday, Ms. Holmes testified about research that Theranos did with Merck, AstraZeneca, Centocor, Bristol Myers Squibb and others in 2008 and 2009. One exhibit displayed inner documentation concerning the success of a few of this early work and confirmed a map of round a dozen cities world wide the place Theranos’s machines have been used for research.

Kevin Downey, Ms. Holmes’s lawyer, additionally confirmed what he referred to as a peer-reviewed journal that printed the outcomes of a research that Theranos did with Stanford College round this time. He didn’t point out the title of the journal.

In every instance, Ms. Holmes’s understanding of Theranos’s know-how was that “it carried out effectively,” she testified. In a number of the examples, Theranos was paid for its work within the research.

All through her trial, Ms. Holmes’s protection workforce has tried making the case that there was some reality to what Ms. Holmes advised buyers.

“The fact of what occurred at Theranos is much, way more sophisticated than what you might have heard about Elizabeth Holmes up to now,” Lance Wade, one other of Ms. Holmes’s attorneys, mentioned in his opening assertion at the trial’s start in September.

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