INTRODUCTION
Although the life sciences industry has always been an essential part of the international technology market, this crucial sector seems to have achieved new heights over the course of the previous decade. And despite the fact that many countries and companies all over the globe have attempted to dominate the field of life sciences, the United States continues to be the unchallenged leader in biotechnology.
As major players from the tech in the lifesciences industry, organizations in the healthcare industry should adjust their business models and collaborate with these new players to develop a healthcare strategy that is more ambitious, individualized, and preventative. As major players from the technology sector move into the life sciences sector, organizations in the healthcare industry should adjust their business models and collaborate with these new players to develop a healthcare strategy that is more ambitious, individualized, and preventative.
Here are 5 Tech Giants that Have Invested in the Lifesciences Industry;
1. Google
Companies tech in the lifesciences industry are facing a crossroads right now: The arrival of technology corporations such as Google into the ecosystem of health sciences businesses adds a new layer of difficulty to an environment that was already difficult to navigate. On the other hand, the example of Google’s incursion into the healthcare industry gives both an argument and an opportunity for traditional pharmaceutical firms to change their business model and start alongside tech players on a more ambitious, individualized, and preventative healthcare plan.
Google’s advanced tech in the lifesciences industry
A few years after the launch of Google Health, a personal health record service that was launched in 2008 and cancelled in 2011, internet giant Google made another move into the life sciences business by launching Calico (California Life Company) in 2013 and creating Life Sciences in 2015. This move came after Google Health, which was a personal health record service that was launched in 2008 and cancelled in 2011. Calico is a research and development business with the lofty objective of extending the human lifespan via the elimination of age-related illnesses as its primary focus.
Life Sciences is an independent division that works on the creation of innovative medical equipment. Google has solidly established itself in the realm of individual and preventative healthcare since the inception of these two entities. Google has created the diabetes smart lens and, more recently, a contact lens camera to enhance people’s quality of life. Neither of these products has yet been marketed. The technology of the so-called “smart” lens detects and communicates glucose levels, which would enable diabetic patients and their healthcare professionals to make more proactive choices about the management of the condition.
The Baseline Study provides more support for Google’s goal of shifting the focus of healthcare away from curative treatment and toward preventative care. The project was initiated in the summer of 2014 and will gather genetic and molecular information from healthy people in order to map the human body. This would allow for the early detection of disorders such as heart disease and cancer. The probability that this initiative will be successful has important repercussions for the research and development of preventative measures and therapeutic approaches. The project has enrolled 175 healthy patients so far, but the ultimate goal is to collect and analyze data from thousands more people. This will require massive computing power and data centres, which are seemingly more in Google’s traditional wheelhouse. So far, the project has only enrolled 175 healthy patients.
2. Schrödinger, Inc.
Schrodinger is contributing to the advancement of the pharmaceutical industry via its platform for computer simulations. The firm was established in 1990, and its pre-synthesis evaluations of chemical matter and compounds are conducted using techniques based on physics. As a direct consequence of this tech giant in the lifesciences industry, researchers should see a quicker rate of lead discovery, improved property descriptions, and more access to large-scale molecular investigation. Additionally, the organization offers solutions for integrated data analysis and visualization.
3. Grail
The tech in the lifesciences industry, GRAIL’s primary objective is to identify cancer in its earliest stages, when it is most treatable, so that it may save more lives. The company is guided by the belief that tumours release cell-free nucleic acids into the bloodstream. These cell-free nucleic acids are considered a direct measure of cancer and could be detected before the symptoms’ onset. As a result, the company’s primary focus is looking for cancer signals in the blood. GRAIL’s high-intensity sequencing tests and population-scale clinical investigations aim to foster a better knowledge of the biology underlying cancer.
4. Spark Therapeutics.
The interim results of a gene therapy clinical study for haemophilia B were published in The New England Journal of Medicine by Spark and its partner, Pfizer, in December 2017. The experiment was conducted to treat haemophilia B. Its Luxturna was authorized in December 2017, making it the first biotech company to have a gene therapy for a hereditary condition. In this instance, the ailment being treated is a congenital eye disease that may cause blindness.
5. Synthego.
Synthego, with headquarters in Redwood City, California, has developed automated procedures for producing synthetic DNA. According to an article published by Fast Company, “Through intensive automation, Synthego has cut the cost of synthetic guide RNA by up to 80 per cent and drastically sped up production.” Customers can order online and get their package within days, whereas it might take them weeks to build it themselves as a tech in the lifesciences industry.
How Data Analytics is Transforming the Lifesciences Industry?
Due to its capacity to handle enormous amounts of complicated data and create in-depth insights, Data Analytics in Lifesciences is gradually but surely altering the life sciences business.
