Prosecutors relaxation their case in opposition to Theranos founder Elizabeth Holmes


SAN JOSE, Calif. (Reuters) – Prosecutors rested their legal fraud case in opposition to Theranos founder Elizabeth Holmes on Friday, however it was nonetheless unclear whether or not the previous Silicon Valley government who as soon as promised to revolutionize the blood testing trade would testify in her personal protection.

Over the course of the two-month trial, jurors in San Jose, California, have heard testimony from greater than two dozen witnesses, together with sufferers and buyers whom prosecutors say Holmes deceived. On the shut of their case, prosecutors moved to dismiss one depend of fraud relating to a affected person.

Now, Holmes could have the chance to current witnesses in her personal protection, although she will not be obligated to.

Holmes is accused of creating false claims about Theranos, together with that its units may run a spread of checks extra shortly and precisely than typical laboratory means from a drop of blood from a finger prick.

As soon as touted because the Steve Jobs of biotech for her firm’s supposedly progressive expertise, Holmes faces 9 counts of wire fraud and two counts of conspiracy. She has pleaded not responsible.

Based by Holmes on the age of 19 in 2003, Theranos garnered consideration from non-public buyers and was as soon as valued at $9 billion.

Its fortunes waned after the Wall Avenue Journal printed a sequence of articles beginning in 2015 that urged the Theranos units had been flawed and inaccurate.

(This story has corrected day of week in first paragraph)

(Reporting by Jody Godoy in San Jose; Modifying by Noeleen Walder and Invoice Berkrot)

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