Theranos: An Innovation Darling's Fall From Grace?

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Elizabeth Holmes, Theranos CEO and the world's youngest self-made female billionaire, in an interview on September 29, 2015
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This week, U.S. health inspectors revealed that a number of problems were found during an inspection at a major facility belonging to Theranos, the innovation darling of the healthcare space.

"I believe the individual is the answer to the challenges of healthcare," Theranos Founder Elizabeth Holmes said during a 2014 TEDMED conference.

Holmes is the widely-courted wizard of Theranos. She claims the company will revolutionize medicine by making blood tests faster and cheaper, but questions of accuracy have always competed with a practice of secrecy at the privately held company worth billions.

Reed Abelson is a reporter for our partner The New York Times. She says the Theranos controversy began as a clash between nimble Silicon Valley and the bureaucracy of the federal government.