Flagship Pioneering conceives, creates, resources and develops first-in-category life sciences companies. The firm's institutional innovation foundry, Flagship VentureLabs®, is where Flagship's team of scientific entrepreneurs systematically evolve ideas into new fields and turn previously undiscovered areas of science into real-world inventions and ventures. Flagship manages more than $1.75 billion in funds and, since 2000, the firm has applied its hypothesis-driven innovation process to originate and foster nearly 75 scientific ventures, resulting in $19 billion in aggregate value, 500+ issued patents and more than 50 clinical trials for novel therapeutic agents.