Former Verity Health CEO takes helm from billionaire as CEO of biotech company

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Mr. Adcock took the helm Oct. 26. Dr. Soon-Shiong, the billionaire owner of the Los Angeles Times and creator of the cancer drug Abraxane, will become executive chair of the NantKwest board, according to the business, and is NantKwests biggest investor.

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Kelly Gooch –
Tuesday, October 27th, 2020
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” Im delighted to have Rich, with his extensive experience and unwavering dedication to innovation and operations, at the helm of NantKwest at an important time for the business and for the whole healthcare industry,” Dr. Soon-Shiong stated in a press release. “Not just is Rich distinctively certified to handle this function, but having actually worked with him for numerous years, I am positive that he is the ideal leader to advance NantKwest and its mission.”.

Mr. Adcock served as CEO of El Segundo, Calif.-based Verity Health, which declared Chapter 11 bankruptcy in 2018. 4 of Veritys healthcare facilities were offered out of bankruptcy this year, consisting of St. Vincent Medical Center in Los Angeles, which offered to Dr. Soon-Shiong in April..

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Prior to signing up with Verity, Mr. Adcock was executive vice president and chief innovation officer of Sioux Falls, S.D.-based Sanford Health

NantKwest in Culver City, Calif., has actually chosen Richard Adcock to change Patrick Soon-Shiong, MD, as CEO, the biotech business said.