Cancer agency’s officer Jerry Cobbs indicted
A Travis County grand jury has indicted Jerald “Jerry” Cobbs, an executive at the Cancer Prevention and Research Institute of Texas who was involved in the awarding of an $11 million grant to a Dallas company without the required scientific and business reviews.
The first-degree felony indictment charges Cobbs with securing execution of a document by deception. According to the penal code, a person commits an offense if, with the intent to defraud, he causes another to sign or execute any document affecting the financial interest of any person.
The cancer agency’s oversight committee approved the grant to Peloton Therapeutics in 2010 without realizing that the biotech startup had not gone through the review process.
The agency paid out $3.2 million of the $11 million grant before discovering two years later that the application had never been reviewed as required by the agency’s rules.
More at http://www.statesman.com/news/business/cancer-agencys-officer-jerry-cobbs-indicted/ncDKR/ .
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