"Holmes has no access to social media while incarcerated in federal prison, but describes the account as mostly my words, posted by others. The truth, the post said, was 16 months of work in partnership with Pfizer who paid $900,000 for the validation. But jurors in her four-month trial heard that while Pfizer did pay Theranos $900,000 for an exploratory study, the pharmaceutical giant did not endorse or validate the report, but instead emphatically rejected its conclusions and Theranos' technology."
"Holmes admitted on the witness stand to adding pharmaceutical companies' logos to reports lauding Theranos' technology that were given to investors and budding business-partner Walgreens. I wish I had done it differently, Holmes told the jury. She testified that she put the logos on the Theranos reports because this work was done in partnership with those companies and I was trying to convey that."
Elizabeth Holmes posted on X claiming that Pfizer validated Theranos reports and that Pfizer paid $900,000 for 16 months of validation work. The X account is described as mostly her words posted by others while she is incarcerated and lacks social media access. Prosecutors presented evidence that Pfizer paid $900,000 only for an exploratory study and emphatically rejected the report and Theranos' technology. Holmes admitted adding pharmaceutical logos to reports given to investors and Walgreens and testified she did so to convey partnership. A jury saw an email to Walgreens indicating the reports were from the two companies. Holmes was convicted in 2022 on four counts of felony fraud and sentenced to more than 11 years in prison.
Read at www.mercurynews.com
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