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Phone: 202-580-9780


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PMC Launches Report Demonstrating Personalized Medicine’s Ability to Improve Health, Lower Costs


PMC President: Field represents ‘unprecedented’ opportunity to optimize public policies, clinical practices in support of more efficient, effective health care system


WASHINGTON (March 7, 2017)

 — 




The Personalized Medicine Coalition (PMC) today released a new report demonstrating that personalized medicine can make patients healthier while lowering systemic costs. Titled The Personalized Medicine Report: Opportunity, Challenges, and the Future, the report documents a 62 percent increase since 2012 in the number of personalized medicines on the market. The report also examines the evidence in support of the field’s most established benefits, which include:

  1. Shifting the emphasis in medicine from reaction to prevention
  2. Directing targeted therapy and reducing trial-and-error prescribing
  3. Reducing adverse drug reactions
  4. Revealing additional targeted uses for medicines and drug candidates
  5. Increasing patient adherence to treatment
  6. Reducing high-risk invasive testing procedures
  7. Helping control the overall cost of health care

Unclear regulatory guidelines as well as ongoing challenges related to reimbursement and clinical adoption, the report concludes, continue to make it difficult for health care systems around the world to reap the benefits of personalized medicine.

"As The Personalized Medicine Report demonstrates, personalized medicine offers an unprecedented opportunity to deliver medical care that is more efficient and effective,” said PMC President Edward Abrahams. "We can capitalize on that opportunity by optimizing public policies and clinical practices to support the field.” 

The Coalition will distribute the first hard copies of the report at 12:00 p.m. ET in the Kennedy Caucus Room of the Russell Senate Office Building in Washington, D.C., during a Congressional briefing titled Personalized Medicine: Opportunities and Public Policy Challenges. The briefing will feature a panel discussion with a patient advocate, a payer, and representatives from the pharmaceutical and diagnostics industries.

The Personalized Medicine Report: Opportunity, Challenges, and the Future


Contact:
Christopher J. Wells
cwells@personalizedmedicinecoalition.org
Phone: 202-589-1755

About the Personalized Medicine Coalition:
The Personalized Medicine Coalition, representing innovators, scientists, patients, providers and payers, promotes the understanding and adoption of personalized medicine concepts, services and products to benefit patients and the health system. For more information about PMC, please visit www.personalizedmedicinecoalition.org.

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