Devices

To hook Walgreens, Holmes gave execs fake pharma reports, prosecution says

10 days ago   |   By Ars Technica

Enlarge / Theranos founder Elizabeth Holmes.
Theranos founder Elizabeth Holmes gave Walgreens executives fake reports from major pharmaceutical companies to lend credibility to her company's ill-fated blood diagnostic devices.
The bombshell came during the prosecution's questioning of former Walgreens CFO Wade Miquelon. Holmes is on trial for 10 counts of wire fraud and two counts of conspiracy to commit wire fraud. Partly on the strength of those reports, Walgreens would go on to make a $140 million deal with Holmes' startup, $100 million as an “innovation fee” and $40 million as...
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