Elizabeth Holmes Defends Theranos at Fortune Global Forum

Elizabeth Holmes, TheranosElizabeth Holmes

Tonight at Fortune‘s Global Forum conference in San Francisco, CA Theranos CEO Elizabeth Holmes defended her company, explaining to Editor Alan Murray that they need to do a better job of communicating, “We haven’t put into the public domain much of our work… We haven’t talked about our devices.”

Holmes confirmed to Fortune that the company, only “as of a few weeks ago,” is using only one “finger prick” blood test commercially, but says that was her own decision, based on her desire to get FDA approval for its process. “Right now, just because of this FDA transition,” she said, “we are only doing one, but that doesn’t mean we don’t have the technology to do them. There’s no reason we can’t do peer review and publish other statistics.”

Theranos founder and CEO Elizabeth Holmes is not hiding.

ushed by Fortune Editor Alan Murray to admit mistakes, Holmes would say only that Theranos needs to “do a better job of communicating” the science and the data behind its offerings. “We haven’t put into the public domain much of our work,” she said. “We haven’t talked about our devices.”


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Will the FDA approve Theranos’ process? “Absolutely,” she said, seemingly unshaken by the events of the past few weeks.

When asked about Walgreens WBA 2.21% —Theranos’ biggest customer—deciding to hold off on further expansion, Holmes revealed that no one from the company had reached out to her to say so. “They haven’t said that to us,” she insisted.

Holmes also calmly waved off suggestions that the company, valued at $9 billion in its latest round of financing, might be worth less as a result of the controversy. “That’s for the investors to decide,” she said. “But we are definitely not in a position where we need to raise financing at this time.”

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