WASHINGTON (Jan. 21, 2015)
The Personalized Medicine Coalition issued the following statement in response to last night’s State of the Union Address.
The Personalized Medicine Coalition welcomes the Administration’s focus on personalized medicine, and is pleased that the President has announced a new "Precision Medicine Initiative." We look forward to learning the details, and hope that the President’s plan includes needed federal policies that support personalized medicine -- outlining a clear regulatory path, supporting payment policies that recognize the importance of value, and putting in place incentives for product development.
We expect the President’s plans to complement the bi-partisan 21st Century Cures Initiative now under discussion in Congress. Personalized medicine improves the quality of patient care and can lead to systemic cost savings. As the President said, the future of medicine depends on it.
President Obama on personalized medicine
State of the Union Address
Jan. 20, 2015
"21st century businesses will rely on American science, technology, research and development. I want the country that eliminated polio and mapped the human genome to lead a new era of medicine -- one that delivers the right treatment at the right time. In some patients with cystic fibrosis, this approach has reversed a disease once thought unstoppable. Tonight, I’m launching a new Precision Medicine Initiative to bring us closer to curing diseases like cancer and diabetes -- and to give all of us access to the personalized information we need to keep ourselves and our families healthier."
About the Personalized Medicine Coalition:
The Personalized Medicine Coalition (PMC), 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, visit www.personalizedmedicinecoalition.org.