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In July 2016, The Wall Street Journal published an interesting analysis on Theranos saga which offers “lessons about the importance of oversight and due diligence in the venture-capital business, which bets sometimes on nothing more than an idea.”
“For me, the Theranos saga is a wonderful reminder: While you want to invest in people who are visionary and are committed to their businesses, you want to partner with people who are truth-seeking,” said health-care investor Bryan Roberts, a partner at Venrock. “A lot of people [involved with Theranos] fell down on that in this.”
Several investors with expertise in life-science deals say they either passed on investing because they thought Theranos’s technology claims were too good to be true, or didn’t get a chance. Theranos’s board of directors consisted mostly of political heavyweights rather than medical experts. The company never published its research in peer-reviewed medical journals, as is customary.
You can read the full article here: Silicon Valley looks for Lessons in Theranos
To facilitate all your decision making as a pharmaceutical or biotech company VC or investor, to prepare the best Due Diligence for you and your partners, GlobalReach Business Solutions is here to pull all the data from the various sources to check the scientific innovation, market potential, competitor landscape, financial data. You will be provided with actionable insights to make sound investment decisions based on “high value added” intelligence.
October 2016, Forbes provides a follow up review of Theranos over the last 2 years. Bad blood: The decline and fall of Elizabeth Holmes and Theranos
For all Pharmaceutical and Biotech companies and VCs out there, please contact GlobalReach BI for your Due Diligence.