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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