It was announced last week that the National Institutes of Health awarded Mayo Clinic $142 million, spread out over five years, to a new federal Precision Medicine Initiative Cohort Program biobank.
That made me think of a couple things. First, I remembered writing about the formation of Mayo Clinic Bioservices in 2014. It looks like that program is probably the core of this new project.
Next I wondered how $28.4 million a year or $142 million over five years measures up against Mayo Clinic's typical annual funding grants from NIH. Mayo Clinic has lots of money coming in from government contracts and grants from a variety of sources ranging from NIH to the Dept. of Defense.
Looking at just the NIH funding, this new grant is significant, but not not huge, in comparison to recent years.
Before this latest grant, NIH has already given Mayo Clinic $85.8 million in funding through 176 awards for 2016. The $28.4 million for this year will ramp it up to $114.2 million for 2016, which puts Mayo possibly on track for a record year. Here's the breakdown of Mayo's NIH grants in recent years.
• 2015 - 395 awards - $207.6 million
• 2014 - 401 awards - $201.2 million
• 2013 - 376 awards - $192.2 million
• 2012 - 380 awards - $205.2 million
• 2011 - 362 awards - $193.9 million
2016 - 176 awards - $85,878,422