Arizona State University has formed a partnership with NantWorks, the company led by billionaire doctor and entrepreneur Patrick Soon-Shiong, to create a technology-based health research hub at the downtown Phoenix Biomedical Campus.
The city of Phoenix approved the agreement in which ASU will lease about 7 acres of land—included in the biomedical campus’ master plan—from the city for the development of the new biomedical research facilities. NantWorks has committed at least $75 million in facilities, equipment and start-up costs to the initial phase of the project. The Arizona Board of Regents must still give final approval.
The site will include:
• The Chan Soon-Shiong Institute for Molecular Medicine at ASU;
• A NantWorks and ASU decision support center and molecular tumor board supporting both research and commercial diagnostic activities;
• NantWorks mission-control facility to monitor patient’s health status through connected devices;
• NantHealth’s high-tech manufacturing facilities to produce novel immunotherapies for cancer and other disorders;
• NantOmics diagnostic facilities for rapid, next-generation sequencing.
Phoenix approves ASU plan for downtown biomedical campus/Arizona Republic
Phoenix agrees to ASU, NantWorks biomedical project/Phoenix Business Journal