Kate McKinnon drops out of The Dropout in which she was due to star as Theranos’ Elizabeth Holmes

Kate McKinnon drops out of Hulu’s The Dropout in which she was due to star as Theranos founder Elizabeth Holmes

She was set to star in a Hulu series about disgraced Theranos founder Elizabeth Holmes.

But on Thursday, it was reported that Kate McKinnon has dropped out of The Dropout.

It’s unclear why McKinnon, 37, exited the project which she’s been attached to as both star and executive producer since April 2019, according to Deadline.com.

Exited: She was set to star in a Hulu series about disgraced Theranos founder Elizabeth Holmes. But on Thursday, it was reported that Kate McKinnon has dropped out of The Dropout

The limited series is to be based on the ABC News/ABC Radio’s podcast about the rise and fall of Holmes and her Silicon Valley company, Theranos.

Filming was scheduled to start in May once McKinnon had fulfilled her current season obligations with SNL.

Sources say Hulu is continuing with the project and the search is underway for an actress to replace McKinnon in the lead role.  

McKinnon had been attached since April 2019 to star in and executive produce the project

The limited series plans to recount the rise and fall of Holmes, pictured in 2015, and her Silicon Valley company, Theranos

McKinnon had been attached since April 2019 to star in and executive produce the project about the rise and fall of Holmes, right in  2015, and her Silicon Valley company, Theranos

Facing trial: Holmes raised hundreds of millions of dollars to fund her biotech start-up. But the whole time, she was concealing the fact that her blood-testing machine didn't really work

Facing trial: Holmes raised hundreds of millions of dollars to fund her biotech start-up. But the whole time, she was concealing the fact that her blood-testing machine didn’t really work

According to THR.com, the series recounts how Holmes raised hundreds of millions of dollars to fund her biotech start-up and became a media darling.

The whole time, though, she was concealing the fact that her blood-testing machine didn’t really work.

Holnes, 37, is currently awaiting trial on 12 felony fraud charges. 

Meanwhile, it's believed that McKinnon remains attached to play Carole Baskin in a series about Joe Exotic

Baskin became a household name thanks to the Netflix documentary series Tiger King

Still on: Meanwhile, it’s believed that McKinnon remains attached to play Carole Baskin, right, in a series about Joe Exotic, the subject of the hugely popular Netflix docu-series Tiger King

Convicted: Joe Exotic is a former zoo owner and keeper of big cats in Oklahoma. He is serving a 22-year sentence in federal prison for an attempted murder to hire plot targeting Baskin

Convicted: Joe Exotic is a former zoo owner and keeper of big cats in Oklahoma. He is serving a 22-year sentence in federal prison for an attempted murder to hire plot targeting Baskin

Meanwhile, it’s believed that McKinnon remains attached to play Carole Baskin in a series about Joe Exotic, the subject of the hugely popular Netflix documentary Tiger King.

She’s also serving as an executive producer on the series that’s set to air across the NBCUniversal platform of NBC, USA and Peacock. 

McKinnon has been a castmember on Saturday Night Live since 2012.

Her other credits include the movies Ted 2, the all-female Ghostbusters reboot, Office Christmas Party, Yesterday and Bombshell. 

Famous face: McKinnon has been a castmember on Saturday Night Live (pictured) since 2012. Her other credits include the all-female Ghostbusters reboot, Yesterday and Bombshell

Famous face: McKinnon has been a castmember on Saturday Night Live (pictured) since 2012. Her other credits include the all-female Ghostbusters reboot, Yesterday and Bombshell