Gush­ing red ink, biotech bil­lion­aire Soon-Sh­iong slash­es staff at NantHealth by 300, sells as­sets

Reel­ing from grow­ing loss­es and un­der the gun af­ter nu­mer­ous re­ports of self-deal­ing, biotech bil­lion­aire Patrick Soon-Sh­iong is slash­ing NantHealth’s $NH staff by 300 and trig­ger­ing a com­pa­ny-wide re­or­ga­ni­za­tion aimed at cir­cling the wag­ons around its core tech­nol­o­gy.

In the first six months of this year, loss­es at NantHealth hit $111 mil­lion, up from $87 mil­lion for the same pe­ri­od last year.

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