The City of Rochester, MN, is applying for a $220,000 state grant to help finance a Mayo Clinic start-up company, the Post Bulletin reports.
A public hearing is scheduled next week at the city council meeting about applying for a Minnesota Investment Fund grant from the state’s Department of Employment and Economic Development “to assist with the start-up of Nucleus RadioPharma . The funds will be used for the creation of jobs,” according to the advertisement of the event.
Mayo Clinic and Eclipse, a California-based venture capital firm, launched Nucleus RadioPharma with $6 million in financing in 2022. The focus of Nucleus RadioPharma is to develop technologies for the clinical development and manufacture of radiopharmaceuticals for the treatment of cancer. Read more.
