Things rapidly unraveled in 2015, however, when the Wall Street Journal published an article asserting that Theranos’ signature blood-testing device, which could supposedly derive cheap blood tests out of modest drops of blood, wasn’t as reliable as the company maintained.
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Holmes dropped from Stanford in 2004 and used her tuition money to found Theranos, which promised to reevaluate blood testing technologies. By 2014, Holmes had increased over $400 million in venture capital funding, and Theranos, that had signed a lucrative deal was valued at $9 billion.
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Meanwhile, Holmes’ personal behavior, which she modeled after her idol Steve Jobs, grew increasingly eccentric. Holmes currently faces up to 20 years in prison for defrauding shareholders and providing inaccurate medical outcomes.
The comic will play former Theranos CEO Elizabeth Holmes, that had been indicted by a federal grand jury for fraud in 2018, in a limited series for Hulu, Deadline reports.
The Theranos saga is an interesting story, which is probably why Hollywood seems so excited to accommodate it. In addition to the forthcoming McKinnon series, The Dropout was reimagined as a two-hour documentary which aired on 20/20 in March, while Jennifer Lawrence and Vice manager Adam McKay are working on a big-screen retelling of Holmes’ narrative with the name Bad Blood. And when those are hits? Well, there are plenty of other Silicon Valley terror stories for Hollywood to pick from.
The Dropout, that will be predicated on the podcast of the same title, will chronicle Holmes’ transformation from a 19-year-old science prodigy into the CEO of its health technology firm, as well as her fall from grace when journalists and regulators started to question Theranos’ validity. McKinnon will co-produce the series alongside ABC News’ Rebecca Jarvis, who made The Dropout, and manufacturers Taylor Dunn and Victoria Thompson. The show is expected to run for six to 10 episodes.