Theranos, the failed blood-testing company founded by Elizabeth Holmes, claimed that its device could run hundreds of tests on a few drops of blood. Credit: HBO Documentary Films/Everett Collection

You Can See Everything chronicles the final weeks before disgraced entrepreneur Elizabeth Holmes went to prison in 2023. Since its US release last week, the film has thrust Holmes and her failed blood-testing start-up, Theranos , back into the spotlight. For the biotechnology industry, however, the spectre of Theranos never went away.

Blood, sweat and tears in biotech — the Theranos story

More than a decade after the company’s spectacular collapse, a new generation of diagnostics firms still grapples with the fallout. During the 2010s, Theranos said that its device could run hundreds of tests on only a few drops of blood, drastically reducing the amount of fluid needed for routine diagnostics.…