HBO Documentary Films is diving into the story of Theranos, the Elizabeth Holmes-fronted tech company that set out to change healthcare, and instead wound up charged with what the SEC called “massive fraud.”
Currently in production, the doc will be directed by Academy Award winner Alex Gibney (pictured).
Featuring never-been-seen footage and testimony from key people inside the situation, the as-yet-untitled doc aims to uncover the rise and fall of Theranos, while also exploring the psychology of deception.
Holmes left Stanford in 2004 to start her company, and over the years convinced investors to back her company in the millions. Theranos boasted proprietary technology that would run blood tests with only a finger pinprick, gathering only a minimal amount of blood, which would detect medical conditions like cancer and high cholesterol. In 2014, the company was valued at $9 billion.
Two years later, the value was less than zero.
“This story is a classic example of truth is more dramatic than fiction,” said Gibney in a statement. “The characters are at once larger-than-life and real.”
The film is produced by Jigsaw Productions’ Gibney, Erin Edeiken and Jessie Deeter. Executive producer Graydon Carter alongside HBO’s Sara Berstein and Nancy Abraham. Ophelia Harutyunyan is associate producer.