meta content Precision Medicine Healthcare Private Equity HealthcareProviders Venture Capital name keywords p class blogtxtcomm blogpaddtop style color rgb 65 65 65 line height 18px font size 14px img alt src http www sutherlandinsights com documents 10838 3975379 precision medicine banner 1 650x259 jpg d53059a0 f907 4206 b76c 56e624592de6 t 1486379964634 style width 650px height 259px p p class blogtxtcomm style text align justify color rgb 88 89 91 font size 13px font weight normal margin top 5px It s far more important to know what person the disease has than what disease the person has br Hippocrates the father of modern medicine p p class blogtxtcomm style text align justify color rgb 88 89 91 font size 13px font weight normal margin top 5px The evolving field of Precision Medicine is currently seen as a knight in shining armor that can significantly contribute to the efforts to achieve better quality healthcare delivery nbsp p p class blogtxtcomm style text align justify color rgb 88 89 91 font size 13px font weight normal margin top 5px Precision medicine challenges the one size fits all approach in which a standard dose is given to a patient with a particular disease and symptoms This can lead to serious adverse effects and increased health cost along with lowering the success rate of treating the disease Precision medicine lays greater emphasis on the fact that each individual is biologically unique and thereby takes in account individual variability in genes environment and lifestyle in a patient s treatment p p class txti2 style text align justify color rgb 47 88 151 line height 20px font size 14px font weight normal margin top 5px strong Precision medicine is witnessing increased engagement from various stakeholders strong p p class blogtxtcomm style text align justify color rgb 88 89 91 font size 13px font weight normal margin top 5px Precision medicine also known as personalized healthcare has witnessed initial success especially in cancer treatment For example between 1999 and 2014 deaths due to pediatric cancer were down by 20 p p class blogtxtcomm style text align justify color rgb 88 89 91 font size 13px font weight normal margin top 5px Though it may take time even years for precision medicine to achieve mass penetration it is gaining acceptability among all the concerned stakeholders right from healthcare professionals to the White House p p class blogtxtcomm style text align justify color rgb 88 89 91 font size 13px font weight normal margin top 5px The US government has made several investments and formed partnerships through its various machineries including the National Institutes of Health Department of Veterans Affairs and Food and Drug Administration for the development of precision medicine and thereby making health care more effective p p class blogtxtcomm style text align justify color rgb 88 89 91 font size 13px font weight normal margin top 5px Precision medicine got its biggest push from the US President Barack Obama with the launch of Precision Medicine Initiative PMI in 2015 Under the PMI 215 million was allotted for FY 2016 to build a large scale research participant group and increase efforts in cancer genomics Additionally 55 million has been allotted to create a public database of health information of about million volunteers under the Precision Medicine Cohort program nbsp p p class blogtxtcomm style text align justify color rgb 88 89 91 font size 13px font weight normal margin top 5px Healthcare providers have also initiated the process to change policies needed to adopt precision medicine Although some of the providers are playing the waiting game adoption will surely increase as more and more success stories starring precision medicine are reported p p class blogtxtcomm style text align justify color rgb 88 89 91 font size 13px font weight normal margin top 5px A huge amount of money is diverted for the development of precision medicine which shows the growing interest of private equity and venture capitalists in the field of precision medicine p p nbsp p table border 1 cellpadding 4 cellspacing 0 style border color rgb 118 118 118 tbody tr th Company th th Company Specialization th th Amount Raised m th th P E th tr tr td img alt src http www sutherlandinsights com documents 10838 3975379 1 precision medicine jpg eb911099 93bc 4c28 8746 c6100ed6c1c6 t 1485169846868 style width 76px height 21px td td Develops medical products for life science innovators td td 225 0 td td TPG Growth venBio Fidelity Biosciences Amgen Ventures Baxter Ventures Osage University Partners and the Longevity Fund td tr tr td img alt src http www sutherlandinsights com documents 10838 3975379 2 metabolon jpg 36470b2b 9a34 4acc 9945 a0781f0b7cbc t 1485169856098 style width 76px height 14px td td Develops platforms and informatics for biomarker discoveries diagnostic tests and breakthrough in precision medicine p nbsp p td td 80 0 td td Essex Woodlands td tr tr td img alt src http www sutherlandinsights com documents 10838 3975379 3 syapse jpg 2746fed4 d412 4d1e b0f9 1d795cc415a6 t 1485169862502 style width 53px height 15px td td Develops precision medicine software platform td td 39 6 gt td td Ascension Ventures Safeguard Scientifics and Social Capital Partners td tr tr td img alt src http www sutherlandinsights com documents 10838 3975379 4 corvidia jpg 29d3534f 751c 4765 9405 ec59e023aa36 t 1485169868558 style width 38px height 38px td td Develops precision cardiovascular therapies td td 26 0 td td Apple Tree and Sofinnova Partners td tr tr td img alt src http www sutherlandinsights com documents 10838 3975379 5 medgenome jpg 424c0d2a 24de 4df3 86dc f6e8beec3657 t 1485169873949 style width 76px height 15px td td Develops sequencing data from gene panels exomes whole genomes and transcriptomes td td 24 0 td td Sequoia Capital and Papillon Capital td tr tr td img alt src http www sutherlandinsights com documents 10838 3975379 6 cure forward jpg 6c51aa80 a0f5 46e9 b401 9c6ba2c1aaa7 t 1485169878626 style width 76px height 27px td td Develops an online portal that provides genomic testing data td td 15 0 td td Apple Tree Partners td tr tr td img alt src http www sutherlandinsights com documents 10838 3975379 7 oncodna jpg 1373edae 4789 4d1c 92d5 47181c929586 t 1485169884252 style width 76px height 23px td td Develops precision medicine for cancer treatment td td 8 6 td td Ackermans and van Haaren td tr tbody table p class txti2 style text align justify color rgb 47 88 151 line height 20px font size 14px font weight normal margin top 5px strong Conclusion strong p p class blogtxtcomm style text align justify color rgb 88 89 91 font size 13px font weight normal margin top 5px The intensification of precision medicine can transform the way both doctors and pharma companies approach patient treatment With growing acceptance of precision medicine stakeholders in the healthcare system need to be better equipped because the wave of precision medicine can hit them much sooner than expected p p nbsp p