Ex­ec­u­tive sorry for $11 mil­lion grant gaffe

Tax funds were given to firm with­out re­view.

Austin American-Statesman - - FRONT PAGE - lcopelin@states­man.com Can­cer

By Lay­lan Copelin

The chief ex­ec­u­tive of the state’s can­cer-flght­ing agency apol­o­gized Wed­nes­day for mis­takes, in­clud­ing award­ing $11 mil­lion of tax­payer money to a biotech flrm two years ago with­out the re­quired re­view by busi­ness and sci­en­ti­flc ex­perts.

But Bill Gim­son also urged the 11 direc­tors of the Can­cer Preven­tion and Re­search In­sti­tute of Texas to con­sider the mis­take in his­tor­i­cal con­text. He painted the pic­ture of a new agency, be­ing built from scratch and with $300 mil­lion a year to spend, even as it rushed to en­cour­age the Cal­i­for­nia startup, Pelo­ton Ther­a­peu­tics, to move to Dal­las.

“This was CPRIT’s op­por­tu­nity to land a com­pany,” Gim­son said. “Ad­mit­tedly we didn’t have checks and bal-

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