From one billionaire investor to another: NantPharm raises $125 million

Jul 26 2012

• By Mandy Jackson

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Blackstone, the New York-based investment firm with $190 billion under management, has put $125 million as a minority investor into the biologics and pharmaceutical manufacturing unit of Nantworks - NantPharm - established in September 2011 by serial entrepreneur and billionaire philanthropist Patrick Soon-Shiong. The NantPharm unit is principally involved in pharmaceutical development and manufacturing.

Blackstone, the New York-based investment firm with $190 billion under management, has put $125 million as a minority investor into the biologics and pharmaceutical manufacturing unit of Nantworks - NantPharm - established in September 2011 by serial entrepreneur and billionaire philanthropist Patrick Soon-Shiong. The NantPharm unit is principally involved in pharmaceutical development and manufacturing.

NantWorks is a diversified Los Angeles-based technology company. Senior vice president Bob Peirce told Scrip that the philosophy behind NantPharm...

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