What's the status of the device today?

Is it still just a prototype?

Or are you?

Where are you?

We, okay.

So our first applications are actually in monitoring acute pain killers.

And that device is going into sort of the production phase.

We hope to release it actually to a pharmaceutical partner around mid to late this year.

So you're almost there.

You're almost in manufacture.

Oh, absolutely.

That was Elizabeth Holmes being interviewed on a radio show called Biotech Nation by Dr.

Mora Ragan.

The year was 2005, and Theranos was barely more than a year old.

Elizabeth was just 21 at the time, and she was years away from having a marketable product.

In fact, her product kept changing.

It started out as a wristband called the Therapatch that would diagnose what ailed you and administer

the appropriate drug.

When it became clear a few months into her startup that this magic wristband was basically

science fiction, Elizabeth pivoted to the Theranos 1.0, a handheld device inspired by the glucose

monitors for diabetes patients.

That's the device she was telling Dr. Gunn was, quote, going into the production phase,

...