Soon-Shiong’s NantHealth tanks on STAT report of self-dealing; Bioversys, Aptuit forge antibiotic collab; Helix gets new CEO

STAT reported that biotech billionaire Patrick Soon-Shiong used a $12 million “gift” to the University of Utah as a carefully disguised boost to his cancer business, steering $10 million of that back into his hands under a contract that has raised questions about the way the money was handled. And the report has taken a big bite out of the share price of NantHealth $NH, which dropped 23%.

→ Basel-based Bioversys AG and Aptuit launched a joint collaboration aimed at the discovery of novel targets and molecules for Gram-negative bacteria.

→ Toronto-based Helix BioPharma has recruited a new CEO. CSO Heman Chao is adding the CEO title to his job description while Sven Rohmann will be chairman of the board as well as a strategic adviser.

→ San Francisco-based Velano Vascular has raised $17 million as it starts commercialization work on new, needle-free tech for drawing blood in hospitals.

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Biotech Investment Analyst
SV Health Investors Boston, MA
Research Scientist - Disease Biology
Recursion Pharmaceuticals Salt Lake City, UT
Senior Scientist - Predictive Pharmacology
Recursion Pharmaceuticals Salt Lake City, UT
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Cadent Therapeutics Cambridge, MA
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twoXAR Mountain View, CA

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