RE: Shares12 Jun 2023 11:29
I believe this will be taken over eventually by a bigger player, Tons of data available online what the company is doing but some people crying and blaming the company..
Leveraging partnerships to realise the UK’s potential in genomics:
Pharmacogenomic treatment optimisation can also significantly alleviate pressure on the NHS, both on staff
time and economically. Ensuring patients receive effective treatment could deliver sizeable cost savings. The UK spends at least £16.8 billion on prescription drugs per year; improving the effectiveness of these prescriptions would deliver significant efficiency improvements.67 Furthermore, ensuring maximal safety is not only beneficial for patients but has great economic value – 8,000 UK hospital beds are occupied by patients suffering from ADRs at any one time, at a cost of £1.6 billion per year.68
Driving value for the healthcare system through providing versatile data
As well as providing value for HCPs and the NHS, GDx provide value to the wider healthcare system, including to payers. The fundamental nature of genomic data confers versatility in its application, meaning that the data delivered by GDx can inform clinical decisions over a patient’s lifetime, maximising cost-effectiveness for payers.
• Where the variant of a particular gene has implications for multiple facets of healthcare, data about this gene can be highly valuable.70 For example, the enzyme encoded by the CYP2C19 gene metabolises at least 10% of drugs and prodrugs currently in clinical use, including blood thinners, anxiolytic drugs and anti-seizure drugs.71 Different variants of the gene encode enzymes of increased or decreased activity, meaning the dose of the drug might have to be altered to have the same physiological effect in different patients.72,73 Novel diagnostics can deliver CYP2C19 variant results from a cheek swab in as little as one hour,74 generating data that can influence many prescription decisions throughout the lifetime of the patient.
Good luck for the people who Genuinely invested.