A.I in healthcare: PYC sector7 Aug 2023 08:54
Article over the weekend in an investment magazine
PYC fits the narrative
A shot in the arm for healthcare?
AI techniques are already being applied in healthcare, specifically in the medical devices, services and life sciences branches of the industry. And in fields such as testing and diagnostics, where the highest degree of accuracy is required, non-AI solutions can be greatly improved upon. One note of caution is that companies using AI in this space could find themselves competing with technology giants, Google Health being a prime example.
That said, there is hardly a shortage of niches in healthcare research and services, so companies with expertise to build on could capitalise despite big tech’s creeping influence. Oncology testing is one such area and the cancer research programmes of Guardant Health (US:GH) will be buoyed by its partnership with South Korea’s Lunit (KR:328130) and the launch of an AI-based suite of products: Guardant Galaxy.
Now commercially available, a new test for non-small cell lung cancer improves detection by more than 20 per cent. The Lunit-developed, AI-powered algorithm boost the ability of medical image analytics to detect cancer biomarkers (molecules, genes or characteristics)