Partner of ex-Theranos founder Elizabeth Holmes raising money for new blood-testing startup report

Billy Evans, partner of Theranos founder Elizabeth Holmes, is raising millions for a new diagnostics startup that focuses on testing blood, saliva, or urine for disease biomarkers. This initiative closely resembles the fraudulent claims made by Theranos, where Holmes raised $700 million before the company was dismantled due to fraud allegations. Holmes is currently serving an 11-year prison sentence after being convicted of fraud, with a recent federal appeals court denying her request for a rehearing of her appeal. Evans, who is the father of Holmes' two children, describes his venture as the "future of diagnostics. " This new company could reignite interest in blood-testing technologies that aim to revolutionize healthcare.

The fallout from Theranos continues to influence the public perception of startups in the health technology sector. Evans' efforts may draw scrutiny, given the controversial history of Theranos. The healthcare community watches closely as Evans embarks on this venture, questioning whether it can succeed where others have failed.