NIH funds Mayo Clinic biobank for Precision Medicine Initiative with $142M

The National Institutes of Health (NIH) has funded a biobank for the U.S. Precision Medicine Initiative, which aims to conduct chemical and genetic testing on one million people with $142 million over 5 years. The Mayo Clinic in Rochester, MI, will establish the biobank. The infrastructure needs to be sufficient to store, analyze and share more than 35 million biological samples, the Mayo Clinic said. "This range of information at the scale of 1 million people will be an unprecedented resource for researchers working to understand all the factors that influence health and disease," said NIH Director Dr. Francis Collins in a statement. "The more we understand about individual differences, the better able we will be to tailor the prevention and treatment of illness." More