This is very interesting.
And on Wednesday in Washington DC, Soon-Shiong and his L.A.-based NantHealth will unveil a joint venture with Verizon, Intel, Blue Shield of California and others to create a nationwide system for doctors to share DNA and other data on cancer patients. It will enable doctors to do genetic analysis of a patient's tumor in less than a minute -- a job that now can take from eight to 10 weeks.
"This is something the federal government should have done, but we waited and waited for them," Soon-Shiong told Reuters in an interview.
"It's unconscionable that cancer patients get the wrong diagnosis 30 percent of the time and that it takes so long to treat them with appropriate drugs for their cancer."
Soon-Shiong emigrated to the United States more than three decades ago with his wife Michele Chan, an actress who had a starring role in 80's show "Danger Bay" that aired on CBS and the Disney Channel and guest roles on " MacGyver." Since then, he has methodically climbed the ladder of success by adroitly mixing science and business.
He created drugs to fight diabetes and breast cancer and then sold the companies that produced them for a combined $8.6 billion.
In the four years since selling those companies, he quietly spent more than $400 million of his own money to build a national fiber optic network that would link cancer clinics throughout the country -- the groundwork for the health superhighway.