September 1, 2022 – Mayo Clinic, Hibiscus BioVentures (Hibiscus) and Innoforce announce the launch of Mayflower BioVentures, a cell and gene therapy accelerator dedicated to identifying and forming companies around technologies that address unmet patient needs. This academic and industry relationship will establish independent cell and gene therapy companies to advance the development of Mayo Clinic technologies through preclinical and early feasibility studies.
With a shared interest in identifying treatments and preventing disease, the aim of Mayflower is to advance new cures for serious and complex conditions through cell and gene therapies.
Mayo Clinic, ranked as the No.1 hospital in the nation for the seventh year in a row by U.S. News & World Report, has generated a portfolio of next-generation immune system modulators and multiple novel therapeutics in cell and gene therapy. Mayo Clinic’s Center for Regenerative Biotherapeutics is leading efforts to rapidly advance regenerative technologies from discovery into early phase clinical trials. This includes a focus on industry collaborations with companies such as Hibiscus that have resources to support and expedite this work.
The Mayflower management team brings together clinical leaders from Mayo Clinic with operational and investment experience from Hibiscus to move scientific discoveries from the lab bench to patients’ bedsides.
Mayo Clinic, Hibiscus and Innoforce have a financial interest in the Mayflower collaboration. Mayo Clinic will use any revenue it receives to support its nonprofit mission in patient care, education and research.