Nile Therapeutics CEO takes token pay in cash crunch; Vivo Ventures invests $30M in China company;

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> The CEO at the tiny biotech Nile Therapeutics has slashed her pay to a token sum as the company scrambles to raise fresh funds. In a recent SEC filing Nile noted that it only had enough cash to make it through this month, according to a piece in the San Francisco Business Times. Story

> Vivo Ventures has invested $30 million in Shanghai Jingfeng Pharmaceutical. The move follows a decision to boost its investments in China with its seventh fund. Story

> Washington University researcher David Curiel has joined the scientific board at DNAtrix after merging his company with the Houston-based ovarian cancer drug developer. Story

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