Mayo Clinic Joint Venture Aims to Bolster Advanced Cancer Therapy
Rochester, MN (KROC-AM News) - Mayo Clinic is teaming up with a venture capital firm based in California to create a new company with a mission of providing cancer patients with improved access to radiopharmaceuticals.
The joint venture is called Nucleus RadioPharma and will receive $6 million in seed funding from Eclipse and Mayo Clinic. A news release says it will aim to "ensure cancer patients can access potentially life-saving radiopharmaceuticals by developing technologies to modernize the clinical development, manufacturing, and supply chain of these promising new therapies."
"Mayo Clinic is on a mission to transform our cancer care practice by integrating research with clinical care to ensure that every patient we serve, across the U.S. and the world, has access to state-of-the-art cancer clinical trials and the newest treatments. We believe that radiopharmaceuticals are highly innovative new therapies with tremendous potential to help cancer patients," says Cheryl Willman, M.D., executive director of Mayo Clinic Cancer Programs. "The collaboration with Nucleus RadioPharma will provide enhanced manufacturing capabilities so Mayo Clinic can rapidly deliver radiopharmaceuticals, empowering us to better serve our patients today, and enabling the development and clinical testing of novel targeted radiotherapies in the future."
The Mayo Clinic news release says radiopharmaceuticals, which are medicines that contain a small amount of radioactive material, are poised to become a core method of cancer diagnosis, staging, and treatment. It goes on to say their use has been hampered by manufacturing and supply chain issues. In addition, the treatments are currently expensive and the medicines have short-lived radioactivity.
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