He is a family doctor and a serial entrepreneur with over 30 years of expertise in various sectors. He is currently a board member of Atrin Pharmaceuticals located in Pennsylvania.
Jay Rosen started a collaboration with Theranos in 2010 after meeting Elizabeth Homes at wellness innovation conferences. The partnership was a success, but it came at a price.
Walgreens
Walgreens is a drug store chain with a history of being a trusted, reliable retail presence in neighborhoods across the country. The company has a strong commitment to providing customers with innovative pharmacy services, health and beauty products, and convenience foods.
Formed in 1901, Walgreens operates about 8,200 stores throughout the United States and Puerto Rico. It is the largest drugstore chain in terms of sales.
In 2003, Walgreens filled more than 400 million prescriptions, a figure that represented 13 percent of all retail prescriptions. The company also offers a range of health services, such as private health consultation rooms and a partnership with WebMD.
The company’s strategy is focused on improving its competitive position by enhancing the quality of its products and services. It is committed to transforming the drugstore, establishing itself as the first choice for consumers regarding health and wellness.
The company operates more than 4,400 Walgreens outlets in 44 states and Puerto Rico, offering freestanding stores, drive-through pharmacies and one-hour photofinishing services. In addition, Walgreens Health Initiatives provides pharmacy benefits management services to small and medium-sized employers and managed care organizations.
The Dropout
The Dropout is a biographical drama that follows the life of Elizabeth Holmes, the founder of the controversial biotech company Theranos. Her vision was to revolutionize the healthcare industry by bringing minimally-invasive blood tests to patients.
However, Holmes was eventually convicted of fraud charges in January 2022. As a result, Theranos went bankrupt.
Unlike many recent scams that made their way to streaming, the story behind Theranos was based on a number of real-life events. And while some of the details in The Dropout may be embellished, it still gives viewers a glimpse at what went wrong with the Theranos scandal.
The drama follows Holmes’ journey as she tries to build a company that will change the world. It also explores how execs are lured into her business by their desire to be as successful as she is.
Elizabeth Holmes
Elizabeth Holmes is the founder and CEO of Theranos, a healthcare technology company that made claims about a blood-testing device that could revolutionize medical care. She was once dubbed the “Steve Jobs of the Next Tech Generation.”
A former businesswoman, Holmes has a brash personality that can be hard to take seriously. Her natural voice is a deep baritone, but she often speaks in a higher register to sound more authoritative.
In addition to her role as Theranos’s CEO, she also served as its president until 2016. She was accused of wire fraud in connection with the company and faces up to 20 years in prison if found guilty.
Holmes was born on February 3, 1984, in Washington, D.C. She is the daughter of Christian Rasmus Holmes IV and Noel Anne (nee Daoust) Holmes. Her dad worked in the energy industry, but later fell prey to a scam that led him to bankruptcy. Her mother is a Congressional committee staffer and lives in Washington, D.C.
Dr. Jay Rosen
During a conference about health technology in 2010, Jay Rosen met Elizabeth Holmes, then-founder of Theranos. They talked about a possible collaboration.
But a few things didn’t add up. First of all, the company didn’t have a prototype of its testing machine.
Second, its machines weren’t performing the tests they claimed to be.
And third, they were generating qualitative results, like “high” or “low,” instead of numeric data.
That made it impossible to compare Theranos’ technology to other commercial options.
It also led to the discovery of a flaw in Theranos’ software that was causing false positives for patients.
That led to a series of investigations and lawsuits. And last week, the Centers for Medicare and Medicaid Services said it planned to void Theranos’ CLIA certificate. CMS is also looking into whether the company violated federal laws. Theranos’ executives are now facing charges of fraud and conspiracy. And they could face prison time.
