Theranos

Former CEO Elizabeth Holmes was sentenced to more than 11 years in prison last month.

Elizabeth Holmes, founder of the scandal-ridden blood-testing startup, was found guilty on four of eleven charges in January.

A jury found Balwani guilty on all 12 charges he faced, including 10 counts of wire fraud and two counts of conspiracy to commit wire fraud.

The jury found Holmes, 37, guilty of three counts of wire fraud and one count of conspiracy to commit wire fraud by lying to investors.

Erika Cheung recently launched the Ethics in Entrepreneurship venture in Hong Kong and the US to help startups navigate ethics in innovation. 

Also: Cricket Health raises $24 million, and NeuroMetrix releases Quell 2.0.

The Securities and Exchange Commission has charged Elizabeth Holmes, founder and CEO of scandal-ridden startup Theranos, with “massive fraud.

Palo Alto-based novel blood test company Theranos was granted a waiver from the FDA allowing the company to offer its first FDA-cleared blood test, its herpes simplex 1 virus IgG (HSV IgG) test, outside of a lab setting.

AmeriHealth Caritas, a Medicaid managed care organization, has partnered with Palo Alto-based Theranos, which is working on a smaller, cheaper, alternative to common lab blood tests, to offer Theranos' services to its Medicaid members.

Theranos, the 12-year-old Palo Alto-based company working on a smaller, cheaper, alternative to common lab blood tests, has received its first voluntary FDA 510(k) clearance, for its herpes simplex 1 virus IgG (HSV IgG) test.