Protocols

Soon-Shiong blasts back at “maliciously false” STAT story; ImmunoMet raises $5M

→ Badly wounded by a report from STAT that he essentially funneled revenue to his company through a charitable gift to the University of Utah, Patrick Soon-Shiong is firing back in the LA Times, saying the story is “maliciously false.” He adds that he gave the money to the university out of a “desire to make this knowledge available to scientists throughout the world.” The report carved out a big chunk of NantHealth’s share price $NH earlier in the week. Soon-Shiong is the second largest shareholder in the company that owns the LA Times.

→ Houston-based ImmunoMet Therapeutics raised $5 million in a Series B financing with participation from Intervest, SL Investment, NHN Investment along with the Series A investors Mirae Asset Venture Investments, GNTech and Dr. Sung-wuk Kim, founder, chairman and CEO of ImmunoMet.

→ The microcap penny stock biotech Heat Biologics $HBTX has come up with a deal to buy Austin-based Pelican Therapeutics, agreeing to pay up to $500,000 for an 80% share of the company.


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Biotech Investment Analyst
SV Health Investors Boston, MA
Director, Program Management
Contrafect Corporation New York, NY
Director, Translational Sciences
Cadent Therapeutics Cambridge, MA

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