Former CPRIT Executive Indicted on Charges of Deception

A Travis County grand jury has indicted Jerry Cobbs, a former high-ranking official with the Cancer Prevention and Research Institute of Texas, on charges that he unlawfully secured the execution of an $11 million grant for Peloton Therapeutics, a Dallas-based biotechnology firm.

The Travis County Public Integrity Unit opened an investigation into former CPRIT officials shortly after the CPRIT Oversight Committee disclosed in November 2012 that the institute had awarded that grant without proper scientific review.

Cobbs served as the institute's chief commercialization officer for three years, before resigning that month. In that role, he was responsible for presenting ...

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