Elizabeth Holmes took jurors into the Theranos Inc. lab Monday during testimony at her criminal-fraud trial, describing ways the startup sought to reduce errors in lab testing and miniaturize traditionally bulky blood-testing machines.
“We thought this was a really big idea,” Ms. Holmes said of Theranos’s attempts to remove human error from steps involved in the testing process by automating it.
Ms. Holmes’s narrative is an effort to strike back at prosecutors’ allegations that Ms. Holmes knew Theranos’s blood-testing technology was inaccurate and unreliable when she solicited hundreds of millions of dollars from investors and the startup rolled out its testing to patients. She has appeared confident and relaxed on the witness stand.
Source: The Elizabeth Holmes Trial: Founder Recounts ‘Big Idea’ That Led to Creation of Theranos – WSJ