Said to be America’s richest doctor, Los Angeles multibillionaire Patrick Soon-Shiong also is a medical entrepreneur, anti-cancer crusader, scientist, inventor, philanthropist, visionary, negotiator and a basketball nut. With his fortune and cutting-edge cancer research, Soon-Shiong enjoys a global status at the same time he’s increasingly weaved himself into the cultural fabric of Los Angeles, where he’s one of its wealthiest residents. But Soon-Shiong, 64, lately has been battling turbulence surrounding his business interests, which is nothing new for the South Africa native. There also have been published reports that contended Soon-Shiong’s research foundations made grants that ended up benefiting his for-profit businesses or entities that have business deals with his firms. In light of the stock prices of his existing two public companies, is Soon-Shiong concerned NantBio’s IPO might get a cool reception?

Source: Los Angeles Times July 05, 2017 09:56 UTC