→ 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 best place to read Endpoints News? In your inbox.
Comprehensive daily news report for those who discover, develop, and market drugs. Join 51,200+ biopharma pros who read Endpoints News by email every day.Free Subscription