The U.S. District Judge said that Holmes has not presented new evidence that could lead to her appeal actually resulting in a reversal or new trial.
According to court documents filed on Monday, Judge Edward J. Davila of the U.S. District Court Northern District of California denied Holmes’ Motion for Release Pending Appeal.
Holmes founded Theranos as a startup in 2003 after she dropped out of Stanford during her undergraduate education. Holmes touted the company’s ability to test a patient’s blood with a single drop using the company’s proprietary technology. The company eventually folded after whistleblowers from within Theranos tipped journalists at The Wall Street Journal in 2015, claiming that the company’s blood-testing technology didn’t work at all.
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