Dr. Patrick Soon-Shiong

Latest Headlines

Latest Headlines

Soon-Shiong's NantCell raises another $57M for immuno-oncology work

Billionaire entrepreneur Patrick Soon-Shiong's NantCell raised $57.3 million in equity to fund its work on treatments that use the immune system to fight cancer, becoming one of the most well-funded companies in its founder's constellation of biotech endeavors.

Soon-Shiong's NantKwest is spending more on stock buybacks than R&D

NantKwest, an oncology biotech in Patrick Soon-Shiong's constellation of companies, made headlines over the summer when it pulled off a $200 million IPO that valued it at more than $2.5 billion. But the company's share value has slipped by nearly a third in the ensuing months, and instead of pouring money into developing its self-described breakthrough medicines, management has taken the uncommon tack of laying out $50 million to buy back stock.

Sorrento launches another joint venture with a $170M cancer deal

Sorrento Therapeutics, among the constellation of companies associated with billionaire Patrick Soon-Shiong, is again widening its R&D mission with a joint venture, teaming up with a California cancer center on some novel antibody technology.

Patrick Soon-Shiong plucks another cancer drug out of Amgen's pipeline

Nine months after Patrick Soon-Shiong struck a deal to acquire the global rights to a failed cancer drug at Amgen, the biotech billionaire has come back for a second oncology program. Soon-Shiong's NantPharma has in-licensed Amgen's AMG 337, a mid-stage MET inhibitor in the clinic for gastric cancer.

Soon-Shiong's NantCell hauls in another $100M for immuno-oncology R&D

NantCell, one of billionaire entrepreneur Patrick Soon-Shiong's biotech ventures, raised $100 million in equity cash, moving forward with some in-licensed immuno-oncology treatments.

Soon-Shiong allies with PA biomedical centers to further genomic research

Billionaire entrepreneur Patrick Soon-Shiong has teamed up with a medical center and research institute to set up a precision cancer hub. The deal connects the Big Data and immuno-oncology companies in Soon-Shiong's burgeoning NantWorks conglomerate to an emerging center of genomic research and molecular medicine in Pennsylvania.

NantKwest's record-setting IPO heaps another billion onto Soon-Shiong's fortune

NantKwest turned heads on Wall Street last month when it raised more than $200 million in an above-the-range IPO, immediately trading up to command a market value of more than $2 billion. But the biggest beneficiary was Patrick Soon-Shiong, the billionaire entrepreneur who adopted NantKwest into his family of companies months before and amassed a lucrative stake in the process.

Sorrento buys into biosimilars with a Chinese antibody deal

Sorrento Therapeutics, among many companies in the orbit of billionaire entrepreneur Patrick Soon-Shiong, is looking to take a spot in the growing market for knockoffs of the world's top-selling biotech medicines.

Patrick Soon-Shiong: NantKwest is starting down the path to conquering cancer

Patrick Soon-Shiong made several fortunes based on his understanding of cancer and drug development, most recently in today's multibillion-dollar IPO for NantKwest. And now he plans to put the IPO money to use in pursuit of a new strategy in immuno-oncology R&D--the single hottest field in the industry.

UPDATED: Billionaire Soon-Shiong scores a record-setting $2.6B IPO for NantKwest

Last year Conkwest was just another small, largely unknown biotech with big plans in immuno-oncology. But after biotech billionaire Patrick Soon-Shiong bought in and took the CEO title, renaming the company NantKwest, it's now leaping onto the scene with a record-setting IPO that establishes a market cap baseline at a whopping $2.6 billion.