Precision Medicine is an approach to patient management that allows clinicians to select treatments that are most likely to help individual patients, primarily aligned with the principles of prudent and value based healthcare. Typically, this is based on a genetic understanding of the individual and the pathology of the disease, where a personalised approach to healthcare delivery can offer a more accurate treatment model and improved outcomes for patients.
One of the key considerations with Precision Medicine is the cost of treatment. Whilst the cost of Precision Medicine treatment is decreasing, developments such as DNA sequencing and targeted drug therapy can have significant impact on an already financially challenged healthcare service.
Coupled with that, our healthcare services are not yet configured to adopt and deploy personalised medicine on a broad and regular basis. Substantial changes are required across acute care pathways to ensure patient access to bespoke medicinal treatments within NHS Wales.
If Precision Medicine approaches are to become part of routine healthcare delivery, clinicians and healthcare providers will need to understand and utilise the latest technologies in molecular genetics and biochemistry. Clinicians will also be required to interpret the results of genetic tests, understand how that information is relevant to treatment or prevention approaches, and convey this knowledge to patients.
Opportunities presented by Precision Medicine will support the realisation of Wales strategic ambitions as outlined within the Statement of intent for Precision Medicine, and related Statement of Intent for Pathology, for Imaging and Advanced Therapeutics.
Life Sciences Hub Wales, in partnership with Cardiff and Vale University Health Board and Cardiff University, led the development of a co-produced business case and plan, to create and establish a new Precision Medicine Centre of Excellence in South Wales. This clustering of services focuses on earlier diagnosis of disease, faster patient treatment pathways, and utilisation of digital and artificial intelligence technologies. In parallel, Life Sciences Hub Wales are also working on several joint bids that aim to accelerate Precision Medicine in Wales.
Join our Precision Medicine Special Interest Group
Life Sciences Hub Wales are looking to engage with national and international organisations from the field of Precision Medicine to help accelerate opportunities that the Centre of Excellence will provide.
If you would like to find out more about how we can support your organisation, or if you are interested in joining our Precision Medicine Special Interest Group, please email email@example.com with the subject heading: Precision Medicine.