Overview

• Billy Evans, Elizabeth Holmes’ partner, has raised millions in private funding for Haemanthus, a diagnostics startup aiming to revolutionize health testing.
• The startup plans to begin with veterinary diagnostics before transitioning to human health testing, according to investor materials.
• Haemanthus’s prototype device, which uses tunable lasers to test blood, saliva, and urine, has drawn comparisons to Theranos’s Edison machine.
• Evans shared a partially redacted USDA document claiming the product falls outside veterinary regulatory jurisdiction, though broader oversight remains unclear.
• Holmes, serving an 11-year prison sentence for fraud, is reported to be advising Evans remotely on the venture’s development.