Former U.S. Secretary of Defense James Mattis testified on Wednesday in Elizabeth Holmes’ federal fraud trial that she misled him into believing the Theranos technology could save the lives of troops in battle. Four-star Gen. Mattis testified that he first met Holmes in 2011 while still serving in the Marine Corps. where he oversaw troops […]
Legal News
Medtronic’s IP dispute against Axonics could resume in court after PTAB decisions
Medtronic (NYSE:MDT) and Axonics (NSDQ:AXNX) could see their patent dispute over neurostimulation technology resume in court. Yesterday, the Patent Trial and Appeal Board (PTAB) of the U.S. Patent and Trademark Office affirmed an additional three patents in a long-term dispute between the companies over intellectual property for Medtronic’s Interstim sacral neuromodulation (SNM) system, completing the review process […]
First Theranos patient takes the stand, defense begins to shift blame onto Sunny Balwani
A former Theranos patient took the stand at Elizabeth Holmes’ federal fraud trial to testify that the blood testing technology inaccurately showed she was having a miscarriage. Brittany Gould testified on Tuesday that she had taken two Theranos blood tests at a Walgreens location in Arizona that both indicated her hCG levels were dropping, according […]
Former Theranos scientist testifies to blood test inaccuracies prior to Walgreens deal in Elizabeth Holmes trial
A former Theranos scientist testified on the inaccuracies of the company’s device during Elizabeth Holmes’ federal fraud trial. Surekha Gangakhedhar worked at Theranos from 2005 to 2013 and reported directly to Holmes at one point. She testified on Friday that Holmes allegedly pressured her to validate blood test results to speed up a rollout of […]
Theranos whistleblower testifies to blood analyzer inaccuracies in Elizabeth Holmes fraud trial
One of Theranos’ whistleblowers testified on the inaccuracies in the blood analyzers that Theranos had touted to investors on the third day of Elizabeth Holmes’ federal fraud trial. Erika Cheung, a former Theranos lab associate, testified yesterday that the machines the company was using to conduct patient blood tests had inaccuracies of quality control test […]
First witnesses in Elizabeth Holmes federal fraud trial take the stand
Two of the prosecution’s witnesses took the stand yesterday on the second day of Elizabeth Holmes’ federal fraud trial. Theranos’ former financial controller San Ho Spivey, who is referred to as Danise Yam, took the stand and testified about the company’s financial condition during its heyday. Yam told Assistant U.S. Attorney Robert Leach that Theranos […]
Court denies injuction in Medtronic’s non-compete suit against former Medicrea CEO
A federal court in New York has denied Medtronic a preliminary injunction in its non-compete-agreement lawsuit against former Medicrea CEO Joseph Walland. Judge Edgardo Ramos of the U.S. District Court of Southern New York, in a Sept. 10 order, ruled that the agreement between Walland and Medtronic was covered by the law in California, where […]
Axonics loses IP challenge to Medtronic patents
Medtronic (NYSE:MDT) announced that it picked up three victories in an intellectual property (IP) dispute against Axonics (NSDQ:AXNX) over sacral neuromodulation devices. According to a news release, the U.S. Patent and Trademark Office’s Patent Trial and Appeal Board (PTAB) rejected Axonics’ attempt to invalidate three Medtronic patents in its IP infringement lawsuit related to Medtronic’s […]
Elizabeth Holmes trial opens, accused of ‘lying and cheating’
Ex-Theranos CEO Elizabeth Holmes’ federal fraud trial began with federal prosecutors claiming she lied and cheated to get money. The prosecutors alleged on opening day yesterday that Holmes was manipulative and knowingly defrauded investors and patients through false and misleading claims, according to media reports. “This is a case about fraud, about lying and cheating […]
Report: Congressional committees have questions over Biogen’s Alzheimer’s drug
The FDA’s relationship with Biogen is under scrutiny following the controversial approval granted to the company’s Aduhelm Alzheimer’s drug. According to a report from Endpoints News, the House Energy & Commerce and Oversight committee chairs issued a letter this week requesting that acting FDA Commissioner Dr. Janet Woodcock and the FDA provide very specific information by Sept. 16, […]
Jurors selected in Elizabeth Holmes’ Theranos fraud trial; start date set
The jurors who will weigh the evidence for and against Theranos founder Elizabeth Holmes were sworn in Thursday, setting the stage for the federal fraud trial to finally begin. The twelve jurors — seven men and five women, all residents of California’s Santa Clara County — were selected along with five alternates (two men and […]
