Elizabeth Holmes, who founded blood-testing company Theranos Inc. only to watch it unravel amid revelations that her main product was a fraud, has stepped down as chief executive officer. After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by U.S. regulators, was sued by investors, and the company let go many of its employees. Holmes will keep her role as chair of the board, Theranos said in a statement Friday. …read more
Source:: Yahoo Finance
