Tuesday, February 28, 2012

Boston Life Labs Acquired by NantWorks, Moved To Phoenix

Boston Life Labs, a Boston-based developer of systems for remotely monitoring patient biometric data, has moved to Phoenix as part of an acquisition by NantWorks, a firm which has been acquiring life sciences companies and other technology firms for biotech entrepreneur Dr. Patrick Soon-Shiong. Financial terms of the buy were not disclosed. Nantwork said that Boston Life Labs will be renamed as NantCare, and will set the center of its operations as Phoenix. NantCare said it is building a "Patient Intelligent Monitoring Center" in Phoenix. Dr. Soon-Shiong is a Los Angeles-based entrepreneur who made his billions via the founding and sale of cancer drug firm Abraxis BioScience.