A wealthy Los Angeles business mogul is making a move that could help thousands of cancer patients. Patrick Soon-Shiong, who made his billions as a biotech entrepreneur, has announced the creation of a nationwide system for doctors to share DNA and other data on cancer patients.
A ‘Health Superhighway’
Over the last four years, Shiong spent about $400 million dollars of his own money to build a high-tech fiber network that connects cancer centers throughout the country.
According to Reuters, it will enable doctors to do genetic analysis of a patient’s tumor in less than a minute. Right now, that job 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 made his millions by creating pharmaceuticals and then selling the companies. He is part owner of the LA Lakers and has donated millions to various organizations over the years.
Until recently, Soon-Shiong asked to remain anonymous, but several big business deals have the South African native in the spotlight. He’s about to purchase Anschutz’s sports
and entertainment, a company that owns 100 sporting venues worldwide. He’s even announced plans to bring pro football back to LA.
“There are few Patrick Soon-Shiongs in this world,” said retired General Wesley Clark, who has served with him on non-profit boards.
“A brilliant doctor, a great businessman and someone who is very patriotic. He understands what it means to give back to his country.”
What do you think of Soon-Shiongs contributions? Would you want to remain anonymous if you had the means to donate millions?