Elizabeth Holmes is finally presenting Theranos data as company collapses [View all]

[steve2470]

http://arstechnica.com/science/2016/08/elizabeth-holmes-is-finally-presenting-theranos-data-as-company-collapses/

Amid intense scrutiny, lawsuits, harsh federal sanctions, and criminal probes, Theranos CEO and founder Elizabeth Holmes will finally present data on her struggling company’s blood testing technology.

She will present today at 4:30pm in a special session of the American Association for Clinical Chemistry’s annual conference, being held this year in Philadelphia.

The presentation couldn’t come at a more dire time for the company, which has seen a staggering number of setbacks in recent months. The most prominent of those include federal regulators banning Holmes from the clinical blood testing business for at least two years and shuttering one of the company’s labs. Theranos has seen its valuation drop from $9 billion to around $800 million. Its commercial partner, Walgreens, also backed out of its contract and shut down 40 of the companies' joint “wellness centers.”

The timing of the presentation may appear as a hasty, desperate attempt to quell critics and restore some validity to the company, however Holmes has been on AACC’s docket for months.

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From what I've read, she'll have an extremely rough go of it, even if she has the data.