Austin Police Department mugshot of Jerry Cobbs
AUSTIN – The indictment of Jerald “Jerry” Cobbs, the former chief commercialization officer of the Cancer Prevention and Research Institute of Texas, was part of a wider, year-long investigation that prosecutors say is over.
Cobbs was indicted last week on a felony charge accusing him of deceiving two of his CPRIT colleagues in 2010 when he failed to disclose that an $11 million grant to Peloton Therapeutics did not undergo a required business or scientific review.
CPRIT made that disclosure last November after an internal review and as The Dallas Morning News was preparing an article on irregularities with the award to the Dallas-based biotechnology firm.
A Travis County grand jury also heard evidence and testimony related to two other awards that CPRIT made, but the panel chose not to issue indictments.