Shennon Biotechnologies has welcomed a new chief executive and refreshed its cash reserves, both of which will help shepherd the company's transition from early R&D to clinical development.
The biotech on Monday raised $12 million and appointed Cyril Konto as CEO, succeeding founder Li Sun, who will transition to president and chief technology officer. Konto previously served as the executive director for early immuno-oncology clinical development at Pfizer, and prior to that, was the director