A Book Review - HRH: So Many Thoughts on Royal Style Book by Elizabeth Holmes
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Holmes founded the company Real-Time Cures in Palo Alto, California, to "democratize healthcare" year 2003. Holmes described her fear of needles as a motivation and sought to perform blood tests using only small amounts of blood. By December 2004, Holmes had raised $6 million to fund the firm.[18] By the end of 2010, Theranos her company had more than $92 million in venture capital. John Carreyrou of The Wall Street Journal initiated a secret, months-long investigation of Theranos after he received a tip from a medical expert who thought the Edison blood testing device seemed suspicious. In 2017, the State of Arizona filed suit against Theranos, alleging that the company had sold 1.5 million blood tests to Arizonans, while concealing or misrepresenting important facts about those tests. In April 2017, the company settled the lawsuit by agreeing to refund the cost of the tests to consumers, and to pay $225,000 in civil fines and attorney fees, for a total of $4.65 million.