CPRIT: "one of agency's largest taxpayer-funded grants to date" "wasn't reviewed"

http://www.businessweek.com/ap/2012-11-29/texas-cancer-agency-okd-faulty-11m-grant

Reeling Texas cancer agency OK'd faulty $11M award

By By Paul J. Weber on November 29, 2012

 

AUSTIN, Texas (AP) — Leaders of Texas' embattled $3 billion cancer-fighting effort approved an $11 million grant to a biomedical company even though the proposal wasn't reviewed, according to an internal audit that deepens the troubles of a state agency that has been denounced in recent months by some of the world's top scientists.

The discovery was uncovered during an internal review of the Cancer Prevention and Research Institute of Texas, and its grant to Peloton Therapeutics Inc. in 2010 was among the first it handed out. The Dallas-based company's commercialization award remains one of agency's largest taxpayer-funded grants to date.