May 06, 2016 1:52 AM ET

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Company Overview of Mayo Foundation For Medical Education And Research

Company Overview

Mayo Foundation is a not-for-profit foundation with $116 million assets under management. The foundation focuses on medical research and education. It operates through its subsidiaries including Mayo Clinic Rochester, Mayo Clinic Jacksonville, Mayo Clinic Jacksonville, Mayo Foundation For Medical Education and Research, Mayo Group Practices, and Mayo Health System. Mayo Foundation is based in Rochester, Minnesota. Mayo Foundation For Medical Education And Research operates as a subsidiary of Mayo Clinic.

200 First Street SW

Rochester, MN 55905

United States

Founded in 1984





Key Executives for Mayo Foundation For Medical Education And Research

Chief Financial Officer
Assistant Secretary
Assistant Treasurer
Age: 60
Compensation as of Fiscal Year 2015.

Mayo Foundation For Medical Education And Research Key Developments

TapImmune, Inc. Signs License Agreement with Mayo Foundation

TapImmune Inc. has entered into a license agreement with Mayo Foundation for Medical Education and Research to commercialize a proprietary folate receptor alpha vaccine technology for all cancer indications. Both the companies are based in the US. Under the agreement, Mayo Foundation granted TapImmune a license on a worldwide basis to make, sell and use products for therapeutic use against breast, ovarian, lung and other cancers that express folate receptor alpha. This license is an exclusive license for products that are based on the intellectual property and non-exclusive for products that are based on Mayo Foundation know-how and materials. The intellectual property that is being licensed includes (i) U.S. patent application numbers 12/303,054 and 13/202,236, (ii) U.S. patent number 8,486,412 and 8,858,952 and provisionals, (iii) divisional including 13/917,410 and (iv) continuations including 14/484,057. The Mayo Foundation granted this license in exchange for an initial upfront payment of $0.35 which was made on July 21, 2015. In addition to the initial upfront payment, TapImmune is to pay additional upfront payments, an annual license maintenance fee, milestone fees and royalty fees.

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