Our CEO Sumit Jamuar sat down with maize to talk about the promise of precision medicine and how it will affect healthcare in the future.
Precision medicine is the phenomenal promise in simple terms that we will be able to give the right drug to the right patient in the right dosage at the right time.
And what it essentially means is that if you move away from treating it as post-event patient based management to a concept of wellness, where we are looking at our lives in a setting when not only we will live longer but have much more productive lives because we are able to manage the risk of disease we are potentially exposed to – as well as when those diseases will happen we can then manage them in a very personalized and targeted way.
The whole concept of personalized medicine has been around for centuries, when you look at the earliest doctors you had a one-to-one relationship not only with the patient but the families – they knew everything about the family, they could follow what has happened in the family and consequently they could sense what the right plan would be for a particular individual.
What has happened that that whole concept has been turbo-charged by the advent of technology, particularly the technology around genomics. What genomics does is gives us the ability to use in simple terms the instructions that have been coded into operating manual of life, which is our DNA, for each one of us. And it allows us to look at that and look at what the probabilities are and what the possibilities are, and allows us to manage and mitigate those possibilities as advancements happen.
That’s where the whole concept of moving from personalized to Precision medicine has been. And of course all the other technology enhancements that come into play: sequencing technologies -which is the ability to convert the biological information that exists in the DNA into a machine readable code – to the ability to manage and understand and transform this large amount of data and compare it across different data, which is the tools and adjacent industries like artificial intelligence, machine learning, deep learning, big data comes into play.
And the third thing is that people have started making sense of what it would mean for the individual for individual situations. That has systemic implications both in terms of the productivity and other impacts that will come into play, and it has impacts in terms of business models for providers, for healthcare and for all the people.