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Soon-Shiong Remains Last Defendant in GPS Cancer IPO Suit

Jan. 14, 2020, 11:07 PM

Billionaire medical entrepreneur Patrick Soon-Shiong must face claims that his cancer genomics company NantHealth Inc. secretly attached self-dealing terms to a charitable gift in a bid to inflate its stock before going public, a Delaware judge ruled Tuesday.

But the company’s other directors and top executives are off the hook for procedural reasons, the judge said.

Soon-Shiong, officially “the world’s richest doctor,” is a South African surgeon worth $7 billion who owns the Los Angeles Times and a piece of the Los Angeles Lakers. He made his fortune inventing the breakthrough cancer drug Abraxane and founding multiple health care companies....

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