Friday, March 31, 2017

NantHealth Hits $100M Revenue Mark

Culver City-based personalized healthcare and medicine company NantHealth, one of the companies run by biotech billionaire Dr. Patrick Soon-Shiong, has just hit the $100 million mark, the company announced on Thursday. The company said its full 2016 year net revenues were $100.4M, an increase of 72% over the company's 2015 revenues of $58.3M. The company attributed the increase to the launch of its cancer testing product, GPS Cancer, in June of 2016; that's also when NantHealth had its successful IPO. NantHealth's tests are used by oncologists to help guide what specific treatments to use to treat cancer for patients.