State Well-Positioned, GE Executive Says
Posted on: Wednesday, 27 October 2004, 15:00 CDT
State well-positioned, GE executive says
Madison -- As medicine becomes more customized and doctors work with more information, Wisconsin is well positioned to collect and organize the data, said William R. Clarke, the man who oversees global technology development at GE Healthcare.
"This is a great state to pull all this together," said Clarke, executive vice president and chief technology and medical officer at GE Healthcare.
He told a conference of medical and biotech companies in Madison Tuesday that there is an opportunity to become "the designers and weavers of what is clearly going to be the biggest change in health care."
Advances in medical research have given doctors the ability to determine whether certain patients are genetically predisposed to certain diseases. For example, women who test positive for a gene known as BRCA1 have a 75% chance of developing breast cancer and a 50% to 60% chance of developing ovarian cancer, Clarke said.
In the next five years, there will be greater advances, he said.
"We will drive very rapidly to the point where, instead of this by and large works for this condition, we can say for you this medicine is right," Clarke said.
Wisconsin has two things going for it in terms of being in the forefront of processing all the information needed for personalized medicine, Clarke said. The state has a history of innovation, and it's small enough that members of the state Biotechnology and Medical Device Association can all gather in one room, he said.
The question now is whether the state's biotechnology and software industries will be able to jump on what Clarke says is the next wave in medicine.
"It's information that's readily available, so who is going to get there and do it the best and be the most complete?" said Daniel J. Broderick, managing director of the Mason Wells Biomedical Fund in Milwaukee.
Source: Milwaukee Journal Sentinel
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