Elizabeth Holmes defends Theranos amid media scrutiny at Fortune"s Global Forum
Theranos reached a $9 billion valuation based on its proprietary Edison technology, which it claims can conduct a range of tests from just a few drops of blood.
On Wednesday, Forbes revised its estimate of Theranos founder Elizabeth Holmes" net worth to zero from $4.5 billion, based on the assessment of a dozen venture capitalists, analysts and industry experts that her company"s valuation is now closer to $800 million.
In a statement to CNBC, Theranos said, "As a privately held company, we declined to share confidential information with Forbes. As a result, the article was based exclusively on speculation and press reports."
Source: http://www.cnbc.com/2016/06/02/kovacevich-i-still-believe-in-theranos-and-its-technology.html
