One could say that the story of Elizabeth Holmes begins as a young girl hoping to discover something that would surprise all of mankind. For a long time she succeeded. The only problem was that her dream was based on a lie.
Elizabeth Holmes is CEO and Founder of a Biotech company that made a bold promise that their product (a pretty square machine) could perform hundreds of medical tests in a doctor’s office with a single drop of blood. As a result, countless patients relied on this technology to make important medical decisions.
Elizabeth Holmes continued to masquerade to present her invention as a new successful innovation when she knew of its failure. Hulu The Dropout follows her story based on the ABC Podcast of the same name. How honest is the show and does it accurately portray Elizabeth Holmes and her crimes?
The magical blood machine
In 2014, Theranos, their blood testing startup, invented unprecedented technology. While the medical industry is familiar with drawing vials of blood for each diagnostic test, Theranos claimed to be able to perform hundreds of tests (reportedly over 240) ranging from cholesterol levels to complex genetic analyzes with just a single one pinprick blood rich.
The main attraction of Theranos was that it was so accessible to everyday people. Holmes’ “invention” was quick and inexpensive. Theranos seemed to offer a technology that could revolutionize medicine and save lives.
David Grenache is Associate Professor of Pathology at the University of Utah Health Sciences Center and Medical Director of the Special Chemistry Laboratory at ARUP Laboratories in Salt Lake City, UT. He claims he was skeptical from the start.
He claims that [Theranos] was a fantastic claim. . . I think me and all my colleagues just looked at each other and said, ‘No way. That’s not possible. The technology doesn’t exist.’”
And he was right. Theranos, for all its far-fetched promises, was unable to accurately perform tests with a single drop of blood. As a result, Elizabeth Holmes and former company president Sunny Balwani faced fraud charges just two years after the company closed its labs.
A story shakes Theranos
John Carreyrou, the Pulitzer Prize-winning journalist from The Wall Street Journalfirst published the story in 2015. After receiving a tip questioning the power of Theranos technology, John’s interest was sparked by Holmes’ groundbreaking medical invention after just two semesters of chemical engineering at Stanford.
As soon as the article was published, FDA investigations into everything written in Carreyrou’s followed Wall Street Journal Report proved correct. Information from Theranos whistleblowers indicated that Theranos was not using its own technology due to the inefficiency of its own technology.
Despite intimidation and threats of legal action, former Theranos employees Erika Cheung & Tyler Schultz, whose grandfather George Schultz was a member of the Theranos board, began sharing their experiences of the company, its technology and practices with the journalist.
They exposed lies to board members, a culture of intimidation and secrecy, technology that repeatedly failed quality assurance, and most importantly, results being sent to real patients that were fundamentally wrong upon which life-changing medical decisions were made. It seems the company was built on nothing but brazen lies.
Hulu The Dropout Podcast covers Elizabeth Holmes and her crimes
Elizabeth Holmes was only nineteen when she founded Theranos in 2003. She and her company raised more than $700 million from capitalists and private investors, resulting in a valuation of $10 billion at its peak in 2013 and 2014.
In January 2022, Elizabeth Holmes was found guilty of multiple investor fraud and wire fraud charges. The Hulu Original Series The Dropout is the first dramatization of the rise and fall of Theranos. The ABC podcast series of the same name launched in 2019 and continued coverage of the story and trial in 2022.
The first season of the Hulu show includes the first season of the podcast, which details how Holmes went from being an innocent Stanford student to a corruption tycoon in Silicon Valley. The show stays true to the podcast and dramatizes the details of Holmes’ story.
Starring Amanda Seyfried as Holmes and Naveen Andrews as her business and romantic partner, Sunny Balwani, the show features many of Theranos employees, investors, scientists, and journalists who have been interviewed or described in The Dropout podcast.
The Dropout Podcast humanizes Elizabeth Holmes in a way. Holmes has become such a villain that it’s hard to imagine her as sympathetic. The Podcast & Show follows Holmes from her early beginnings to her death. Each era of Holmes brings with it new groups of people, as their intense drive and questionable tactics have driven some employees away while their overblown promises have lured others.
https://filmdaily.co/obsessions/true-crime/the-dropout-podcast/ Will The Dropout Podcast And Series Show All The Crimes Of Elizabeth Holmes? – Movie daily