Join

Enter Details

Comment on stories, receive email newsletters & alerts.

@
This is your permanent identity for Business Insider Australia
Your email must be valid for account activation
Minimum of 8 standard keyboard characters

Subscribe

Email newsletters but will contain a brief summary of our top stories and news alerts.

Forgotten Password

Enter Details


Back to log in

The rise, fall, and pivot of Theranos, in one graphic

It’s been a roller coaster year for Theranos, a startup once heralded as a revolutionary blood-testing company.

On October 10, one of the company’s major investors filed a lawsuit against the company (which Theranos vigorously contested). And before that, on October 5, Theranos decided to get out of the clinical lab business, cutting 340 positions and closing all of its Wellness Centres. Theranos will pivot to focus solely on its technology, namely the miniLab platform, its CEO Elizabeth Holmes announced.

Although it sounds like this story is still far from over, here are some of the key moments in the rise, fall, and pivot Theranos has gone through in the past year.

Dragan Radovanovic/Business Insider

NOW WATCH: We’re on a collision course with the Andromeda Galaxy — here’s what will happen to Earth

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.