Holmes admits to misstep & Amazon scores a big health cloud client
Holmes admits to one key misstep in Theranos debacle
Since Elizabeth Holmes first took the stand, she’s stuck to the case her lawyers promised from day one of the now 13-week-long trial: pass the buck. The Theranos founder has pointed the finger at others for failings in her company’s assays (the lab director and other hires) and financial projections (COO Sunny Balwani). But in her four days of testimony so far, Holmes has admitted to at least one important misstep. In Theranos-produced lab reports provided to Walgreens in 2010, Holmes herself added the logos of Pfizer and Schering-Plough, which suggested, inaccurately, the reports came from the pharma companies themselves. Though Holmes testified it wasn’t her intent to mislead, the admission could impact the jury’s opinion of whether Holmes intentionally defrauded investors.
Read Original Article: Holmes admits to misstep & Amazon scores a big health cloud client »
