Thanks to whistleblowers and Carreyrou’s dogged investigative reporting, the fraud perpetrated by Holmes and company president/COO (and Holmes’ then-boyfriend) Ramesh “Sunny” Balwani, was made public. Lab techs at the company’s headquarters either fudged results by using blood-testing machines built by other manufacturers, or sent faulty ones back to patients. But the Edison, Theranos’ “microfluidity” blood-testing device, never actually worked. She was able to secure noteworthy public figures as board members and investors, and even a few large partnership deals, notably one with Walgreens, which offered the drug store’s customers a menu of 200 blood tests, all available without prescription. Armed with a compelling narrative about a lifelong fear of needles and a dear uncle’s early demise that could have been prevented with early diagnosis, Holmes launched Theranos to develop novel technology that would detect diseases from just a pinprick of blood. The plot points of The Inventor don’t stray too far from John Carreyrou’s reporting for the Wall Street Journal, or his 2018 book Bad Blood, or the recent ABC podcast “ The Dropout.” Elizabeth Holmes was 19 when she dropped out of Stanford.
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