Patrick Soon-Shiong steps down as CEO of NantKwest, a linchpin of his 'Cancer Moonshot'
Five years after he took public what was then the most valuable IPO in biotech history, billionaire surgeon Patrick Soon-Shiong is stepping down as CEO of NantKwest.
Soon-Shiong’s sudden departure comes as NantKwest adds a clinical-stage Covid-19 vaccine effort to the natural killer immunotherapies they’ve been developing for years. He remains the majority shareholder and he’ll stay on as executive chairman, but he leaves behind a complicated legacy and few tangible results from a company that briefly captured the attention of many in and outside of biotech. Richard Adcock, former CEO of Verity Health Systems and a longtime healthcare — albeit not biotech — executive, will take over the helm.
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