Elizabeth Holmes's partner, Billy Evans, is starting a new blood-testing start-up named Haemanthus while Holmes is in prison for defrauding investors through Theranos.
Haemanthus describes itself as 'the future of diagnostics' and plans to revolutionize health testing through a new approach.
The company initially aims to test pets for diseases before moving on to human health optimization, with a prototype device resembling Theranos's infamous blood-testing machine.
Haemanthus is seeking to raise over $50 million for its innovative testing device equipped with tunable lasers, drawing similarities to Theranos's technology.