Precision medicine and companion diagnostics
Precision medicine involves the application of cutting-edge science to develop therapies that are tailored for patients. The approach considers individual variability in genes and environment allowing medical professionals to predict more accurate treatment and prevention strategies. Precision medicine moves away from the one-size-fits-all approach to a more targeted and personalized one. It is a term that encompasses a wide variety of therapies including cell and gene therapies, biologics, biomarkers and companion diagnostics.
Companion diagnostics are medical devices developed alongside a drug aimed to provide information about the safe and effective use of the biological product. Parallel development of a companion diagnostic with a novel therapeutic can be challenging but it is important to prove treatment efficacy with targeted tests.