Theranos founder Elizabeth Holmes denied making misleading statements about the blood-testing startup during cross-examination on Tuesday, as her testimony in defense against fraud charges neared its end.
Former Theranos investors have testified at the trial that Holmes had led them to believe the company's technology was being used by the U.S. military in the field. Under questioning from prosecutor Robert Leach, Holmes said she had never made such statements to investors and that they would not have been true.
Once valued at $9 billion, Theranos collapsed after the Wall Street Journal published a series of articles, starting in 2015, that suggested its devices were flawed and inaccurate. Holmes has explained some of her actions, such as attempts to quash a Wall Street Journal story on Theranos, saying they were aimed at protecting the company's trade secrets.
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