Summary:
Billy Evans, partner of imprisoned Theranos founder Elizabeth Holmes, is launching a new blood-testing startup
The company promises "human health optimization" and a "radically new approach to health testing"
Evans's venture draws inevitable comparisons to Theranos, which collapsed due to fraudulent claims
The startup is currently in the fundraising phase, aiming to revolutionize the diagnostics industry
Given the Theranos scandal, the new company will likely face heightened scrutiny from investors and regulators
Elizabeth Holmes, the disgraced founder of Theranos, is currently serving time in prison for defrauding investors with her failed blood-testing company. Meanwhile, her partner, Billy Evans, is stepping into the spotlight with a new venture that eerily echoes Theranos's original mission.
A New Chapter in Diagnostic Testing
Billy Evans, who shares two children with Holmes, is now seeking funding for a startup that promises to revolutionize health testing. Marketing materials describe the company as "the future of diagnostics" and "a radically new approach to health testing."
Billy Evans with his partner, Elizabeth Holmes, at their home in 2023. Credit: Philip Cheung for The New York Times
Echoes of Theranos
The parallels to Theranos are undeniable. Theranos once claimed to have developed a groundbreaking blood-testing device capable of performing numerous complex tests from just a finger prick—claims that were later proven false, leading to Holmes's conviction.
The Road Ahead
As Evans embarks on this new venture, the shadow of Theranos looms large. The startup's ambitious promises will undoubtedly face scrutiny, given the history of its founder's partner. Will this be a redemption story or a repeat of past mistakes? Only time will tell.
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