Who Is Jay Rosen From Walgreens As Theranos Manages A Partnership In The Latest Episode Of ‘The Dropout’.
In between the time of Theranos’s rise and fall, Jay Rosen of Walgreen was approached by Holmes to back up her ideas and support them with finances.
Who Is Jay Rosen From Walgreens?
Jay Rosen is a former Walgreens Vice President of Health Innovation and a Walgreens Corporate Innovation Team member. He was previously the Senior Vice President of Health Innovation at Walgreens Health and Wellness Division.
As mentioned in his biography details, he was one of the first medical directors of HMO of Pennsylvania, later becoming US Healthcare. He held various top business leadership roles and built one of the country’s earliest and biggest breast and colorectal cancer screening programs.
He is also a member of Robin Hood Ventures, an angel organization that gives financial and mentoring assistance to Delaware Valley startups.
Additionally, he is a family physician and serial entrepreneur with over 30 years of expertise in several areas, most notably medicine and health insurance.
He is a board member of Atrin Pharmaceuticals based in Pennsylvania at present.
Theranos Partnership With Jay Rosen of Walgreens Explained:
The partnership between Theranos and Walgreens began when Jay Rosen met Elizabeth Homes during health technology conferences in 2010. Soon after the conference, both companies began discussing a possible collaboration.
To decide on the partnership, Walgreens hired Baltimore-based Johns Hopkins University to evaluate Theranos’ technology. Although Ms. Holmes and former Theranos President Sunny Balwani promised to give Johns Hopkins one of their testing machines, they never sent it.
Later, Dr. Rosan received a prototype along with test kits. Unfortunately, the prototype generated qualitative outcomes, such as “high” or “low,” rather than numeric data, making it impossible to compare to other commercial options.
Many competitors were eyeing to partner with Theranos. Thus, because of a fear that they may sign a deal with other companies, Walgreens proceeded with an original arrangement out of worry.
Walgreens executives and advisors visited Theranos’ offices in 2011 to inspect the labs. According to the claims, they were accompanied throughout the tour, even to the bathrooms, but they were not permitted access to the labs.
They ended up finding themselves in the deal, but it has sued Theranos ever since the controversy went public.
How Much Is Jay Rosen Net Worth?
Jay Rosen has not revealed the details of his net worth. However, he has amassed a lot of experience in the field of health and technology in the sector.
He has worked for numerous companies throughout the period, which may have provided him a decent amount of income and fortune.
