Home Asia Unhedged China banks on gene power firms for precision medicine <\/p>\n
By Asia Unhedged on January 6, 2016 in <\/p>\n
(From Caixin Online) <\/p>\n
By staff reporter Wang Qionghui <\/p>\n
The Chinese government is powering a homegrown precision medicine initiative aimed at improving patient treatment for chronic ailments such as cardiovascular disease, cancer and diabetes. <\/p>\n
Human genome <\/p>\n
Officials have declared precision medicine a customized form of health care based on genome-sequencing technology as one of the nations foremost science and technology projects under the 13th Five-Year Plan for the 2016-20 period. <\/p>\n
A document published after a March meeting hosted by the Ministry of Science and Technology says the central government plans to spend 20 billion yuan to support precision medicine research by 2030, matching an anticipated 40 billion yuan in private investment. Moreover, the top public health authority, the National Health and Family Planning Commission, is drafting a strategic plan for promoting precision medicines development nationwide. <\/p>\n
Companies that expect to benefit from the initiative include Shenzhen-based BGI Genomics Co., Hangzhous Berry Genomics Co. and Beijing Biomarker Technologies. Although young, the genetics services sector in the country is already diversifying, with firms staking claims in specialties such as prenatal care and niche services like disease and cancer detection through genetic testing. <\/p>\n
BGI, the nations leader in genome sequencing, is a 16-year-old company that bought U.S. medical equipment maker Complete Genomics in 2012 and last October rolled out its first homegrown genome sequencing machine. Berry, established in 2010, is Chinas second-largest genome sequencer and the developer of non-invasive prenatal testing procedure thats been offered since 2011. Beijing Biomarker, founded in 2009, serves research institutions with genetic analyses and testing services. <\/p>\n
The precision medicine movement has also won the attention of Internet and computer companies. In October, the U.S. chip maker Intel Corp. and Chinas e-commerce leader Alibaba Group Holding Ltd. announced a three-way partnership with BGI. The firms said they will collaborate to build a cloud-based online platform allowing clinics to access genetic data and other precision medicine services. <\/p>\n
Precision medicine requires sharing an individuals genetic data and comparing it to huge amounts of data from similar patients, said Li Yingrui, chief executive of BGI Tech Solution Co., a subsidiary of BGI. Health specialists then use those comparisons to find differences and similarities to work out precise treatment regimes for individual patients. Read more <\/p>\n<\/p>\n
Categories: Asia Unhedged, China <\/p>\n
Tags: BGI Genomics, Caixin Online, Chinese 13th five-year plan, Chinese government precision medicine efforts, Chinese human genome companies, Chinese human genome research <\/p>\n
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Go here to read the rest: Home Asia Unhedged China banks on gene power firms for precision medicine By Asia Unhedged on January 6, 2016 in (From Caixin Online) By staff reporter Wang Qionghui The Chinese government is powering a homegrown precision medicine initiative aimed at improving patient treatment for chronic ailments such as cardiovascular disease, cancer and diabetes. Human genome Officials have declared precision medicine a customized form of health care based on genome-sequencing technology as one of the nations foremost science and technology projects under the 13th Five-Year Plan for the 2016-20 period. Continue reading
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