Dollars for Profs

Dig Into University Researchers' Outside Income and Conflicts of Interest

Published Dec. 6, 2019

This database was last updated in December 2019 and should only be used as a historical snapshot. There may be new or amended records not reflected here.

Financial doc
Filing Type

Conflict of Interest

Institutions must file significant disclosures to the National Institutes of Health if they determine financial relationships could affect the design, conduct or reporting of the NIH-funded research. The NIH provided us with their entire financial conflict of interest database, with filings from 2012 through 2019.

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Khalid Shah

Massachusetts General Hospital, Department: Na

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Disclosed Conflict of Interest with

AMASA Technologies

Disclosed Value
Listed Reason
Equity Interest - Non-publicly traded entity ( e.g., stock, stock option, or other ownership interest)

Dr. Shah is a co-founder of AMASA Technologies, which focuses on testing stem cell based therapies in cancer patients, and he owns private equity in the company. AMASA Technologies has licensed patents that protect the stem cells loaded oncolytic virus technology (MSC-oHSV-TRIAL technology), of which Dr. Shah is named as an inventor.

The grant listed above proposes to test the therapeutic efficacy and fate of MSC/ICOVIR17, a stem cells loaded oncolytic virotherapy, in patient-derived glioblastoma xenograph models, and in immunocompetent glioblastoma models. MSC/ICOVIR17 is a genetically engineered Mesenchymal Stem Cells system loaded with an oncolytic adenovirus expressing hyaluronidase (ICOVIR17), an enzyme that degrades a molecule (Hyaluronic acid) in the brain extracellular matrix that presents a barrier to oncolytic virus delivery.

The Partners Committee on Outside Activities (COA) Financial Interest Review Panel evaluated Dr. Shah’s financial interest in AMASA Technologies in connection with this grant. The Committee determined that a research project that aims to improve oncolytic virus intra-tumoral spread and the efficacy of glioblastoma treatment was relevant to AMASA Technologies’ testing and therapeutic development efforts. The committee further determined that since the company was still in the early stage of formation, research results under this grant could affect the company’s business orientation and research direction. The Committee concluded that the financial interest was related to the research, and given its nature and magnitude, the financial interest could directly and significantly affect the design, conduct, or reporting of this research project. Therefore, the financial interest creates a conflict of interest with this grant under the PHS regulations. The Committee further determined that the conflict of interest can be managed with the implementation of management measures.

Listed Research Project
Novel oncolytic virotherapy for brain tumors

Oncolytic virus (OV) holds promise as a therapeutic modality for malignant brain tumor glioblastoma, but delivery of the virus requires improvement. We will use stem cells to deliver a tumor microenvironment modifying OV in clinically relevant glioblastoma models to develop novel approaches that have a translational potential.

Filed on August 07, 2017.

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Name Institution Type Company Disclosed Value
Khalid Shah Brigham and Women's Hospital Conflict of Interest AMASA Technologies Value cannot be readily determined
Khalid Shah Brigham and Women's Hospital Conflict of Interest AMASA Technologies Value cannot be readily determined
Khalid Shah Brigham and Women's Hospital Conflict of Interest AMASA Technologies Value cannot be readily determined
Khalid Shah Brigham and Women's Hospital Conflict of Interest AMASA Technologies Value cannot be readily determined
If you see an error in the database or a reason we should not disclose a record, please contact us at [email protected] and we'll evaluate it on a case-by-case basis.
Sources: National Institutes of Health, public records requests filed at multiple public state universities

Notes: When a more specific filing date is not available for an individual financial disclosure or conflict of interest form, we use the year the form was filed. If the year was not disclosed, we report the range of years covered by our public records requests. In a few cases, a start date was provided instead of a filing date. In those cases, we use the start date instead.

Fewer than 10% of records from the University of Florida and fewer than 1% of records from the University of Texas system were removed because they did not contain enough information.

ProPublica obtained additional financial disclosures and conflict of interest forms that we have not yet digitized and added to the database. You can download those disclosures in the ProPublica Data Store.

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