Fight Against Cancer Innovation Trust (Facit), a commercialisation unit backed by Ontario Institute for Cancer Research and the province of Ontario, promoted David O’Neill (pictured) to the position of president yesterday.

O’Neill initially joined Facit in 2013 as vice-president of business development on the back of his credentials in cancer drug development and contacts in the pharmaceutical and biotech sectors.

He has been acting president of Facit for the past year and now takes the role on a permanent basis…