Imagine that the next time your doctor orders a round of tests, in addition to cholesterol and vitamin D, she also orders a genome sequence. It sounds like science fiction, but the day might come sooner than you think.
Precision medicine—in which each patient’s prevention and treatment decisions are tailored for them—has been a buzzword in the health care industry recently. President Barack Obama launched his Precision Medicine Initiative, and other countries have similar projects underway.
With concerns about the cost of health care, though, can we afford precision medicine?
In certain instances, precision medicine can actually save money. For example, if patients can be screened for drug hypersensitivity before being prescribed certain drugs, they won’t have to be treated later, which is better for patients and cuts down on costs. A similar approach works for choosing treatments.
“When you use a therapy to target only the individuals who will benefit, you avoid wasting drugs or other resources on people who you know won’t get any benefit, and who might actually be harmed,” said David Threadgill, Ph.D., professor and holder of the Tom and Jean McMullin Chair of Genetics at the Texas A&M Health Science Center College of Medicine and director of the Texas A&M Institute for Genome Sciences and Society.
Of course, it’s not quite that simple. “Whether the economics works out in favor of precision medicine depends on two things: the difficulty and the cost of finding the best candidates who will benefit from specific, tailored treatments,” said Robert L. Ohsfeldt, Ph.D., health economist and professor in the Department of Health Policy & Management at the Texas A&M School of Public Health. “You have to know a lot about the disease process and how individual characteristics—genetics and environmental factors like diet or exposure to toxins—mediate the treatment response.”
Learn more: Precision Medicine: Can We Afford it? Can We afford Not to Explore it?
The Latest on: Precision medicine
[google_news title=”” keyword=”precision medicine” num_posts=”10″ blurb_length=”0″ show_thumb=”left”]
via Google News
The Latest on: Precision medicine
- PRECISION VALUE & HEALTH NAMES DOUG FULLING PRESIDENTon January 26, 2023 at 5:29 am
Precision Value & Health (PVH), today announces that Doug Fulling has joined as President. As the industry leader in delivering complementary, integrated and specialized capabilities across the ...
- Oncology Precision Medicine Market Growth Opportunities, Development Outlook and Regional Strategies 2028on January 25, 2023 at 2:53 am
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Oncology Precision ...
- Frederick Health expands outpatient facilities, launches precision medicine programon January 24, 2023 at 8:59 pm
Frederick Health will take on new patients this month at its campus in north Frederick after expanding outpatient facilities in genetics-specified care and a medical weight loss program. The new ...
- Triangle precision medicine, drug research firm Metabolon lands $25M in new capitalon January 24, 2023 at 7:54 am
Metabolon, fresh off a testing deal with the prestigious Mayo Clinic, is gearing up to further drive its global mission in precision medicine and drug research through study of the metabolome with $25 ...
- Beacon Biosignals CEO Jacob Donoghue to Speak On Panel at Precision Medicine World Conferenceon January 24, 2023 at 6:21 am
Beacon Biosignals CEO and co-founder Jacob Donoghue, MD, Ph.D., will be speaking at the Precision Medicine World Conference (PMWC) 2023 being held in Silicon Valley from Jan. 25-27, the company ...
- Precision medicine technologies developed by KI and Karolinska University Hospitalon January 24, 2023 at 3:38 am
Karolinska University Hospital and Karolinska Institutet are creating Sweden’s first innovation environment for the development of precision medicine technologies. The decision to establish a join ...
- AI's Biggest Promise: The Democratization Of Precision Medicineon January 24, 2023 at 3:00 am
While AI is making its mark across numerous industries, one of its most significant single impacts will be the democratization of precision (or personalized) medicine.
- Global Precision Medicine Market (New Survey) Report 2023: To Garner Flourishing Growth Across World in Coming Year with Top Countries Dataon January 23, 2023 at 10:07 pm
The “Precision Medicine Market” Research Report 2023: incorporates a thorough qualitative and quantitative analysis ...
- Global (AI) Artificial Intelligence in Precision Medicine Marketon January 20, 2023 at 6:08 am
According to the research report, the global (AI) artificial intelligence in precision medicine market size & share was valued at USD 1.26 Billion in 2022 and is expected to reach USD 26.24 Billion by ...
- The Precision Medicine Market To Gloat Over Adoption Of Innovative Practices In The Next 10 Yearson January 13, 2023 at 5:53 pm
The latest report published by Persistence Market Research titled“ Global Market Study on precision medicine : Drug Discovery Technology ...
via Bing News