Patrick Soon-Shiong, MD, and Three Healthcare Companies Win 2009 Innovations in Healthc...(Innovation" Awardee Patrick Soon-Sh...),Health

Date:11/2/2009

Innovation" Awardee Patrick Soon-Shiong mentioned that the "110%" of the stock in his company, Abraxis Bioscience, was shorted: "The shorts were so certain we were wrong [about Abraxane,his nanoparticle delivery technology," Soon-Shiong recalled. "But, of course, the shorts were wrong," Grant added. "The stock soared, and Patrick landed in spot #65 on the Forbes 400 richest Americans list." Reminiscent of Andrew Carnegie, who spent the first half of his life making his fortune and the second half giving it away, Dr. Soon-Shiong's personal passion for ensuring that patients in the inner city have access to the same quality of care as those in Beverly Hills has resulted in impressive philanthropy. He hinted at his latest gift at Wednesday's Event; the following day it was announced in the Los Angeles Times: he's offering to provide the UC regents with a $100 million guaranty to underwrite the reopening of Martin Luther King Jr.-Harbor Hospital in South Central L.A.

Jeff Tangney, President of Epocrates, Inc., and ABBY winner in the "Innovation in Healthcare Information and Telecommunications Technology" category, shared that he started the company 10 years ago out of his home, when a physician friend mentioned that the accuracy of prescribing drugs was like flipping a coin, except he didn't have the time to flip the coin. The two went on to found Epocrates, which is now used by 900,000 healthcare professionals - one-third of U.S. physicians and 40% of our med students.

Dan Michel, CEO of Dakim, Inc. and winner of the ABBY for "Innovative Approach to the Delivery of Healthcare," saw the horrors of Alzheimer's firsthand as his father struggled with the disease. So Dan built tools to help his dad through it. In 2000, he too started his company in a spare bedroom, blending his filmmaking talents with his hands-on experience of caring for his father. Today, Dakim's systems are the number-one
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