May 17, 2018
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NantHealth Inc., a biomedical diagnostic company based in Culver City, on March 28 announced a fourth quarter loss of $49 million, while year-over-year revenue rose 3 percent.
NantCell Inc., a Culver City-based biotech firm founded by Los Angeles billionaire Patrick Soon-Shiong, has raised $30 million in investor funding after a similar injection late last year, according to a March 14 securities filing.
2018 Wealthiest Angelenos
Pharmaceutical and biotech billionaire Soon-Shiong has made his fortune starting, building and selling drug companies: APP Pharmaceuticals for $4.6 billion in 2008, and Abraxis BioScience for $2.9 billion in 2010.