Driving Forces Behind the Past and Future Emergence of Personalized Medicine

Personalized medicine can be seen as a continuously developing approach to tailoring treatments according to the individual characteristics of a patient. In some way, medicine has always been personalized. During the last decade, however, scientific and technological progress have made truly persona...

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Autores principales: Steffen, Julius Alexander, Steffen, Jan Simon
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2013
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4251383/
https://www.ncbi.nlm.nih.gov/pubmed/25562408
http://dx.doi.org/10.3390/jpm3010014
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author Steffen, Julius Alexander
Steffen, Jan Simon
author_facet Steffen, Julius Alexander
Steffen, Jan Simon
author_sort Steffen, Julius Alexander
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description Personalized medicine can be seen as a continuously developing approach to tailoring treatments according to the individual characteristics of a patient. In some way, medicine has always been personalized. During the last decade, however, scientific and technological progress have made truly personalized healthcare increasingly become reality. Today’s personalized medicine involves targeted therapies and diagnostic tests. The development of targeted agents represents a major investment opportunity to pharmaceutical companies, which have been facing the need to diversify their business due to an increasingly challenging market place. By investing into the development of personalized therapies, pharmaceutical companies mitigate a major part of the risks posed by factors such as patent expiries or generic competition. Viewing upon personalized medicine from different perspectives points out the multi-causality of its emergence. Research efforts and business diversification have been two main driving forces; they do supplement each other, however, are not jointly exhaustive in explaining the emergence of this approach. Especially in the future, a number of further stakeholders will impact the evolution of personalized medicine.
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spelling pubmed-42513832014-12-15 Driving Forces Behind the Past and Future Emergence of Personalized Medicine Steffen, Julius Alexander Steffen, Jan Simon J Pers Med Opinion Personalized medicine can be seen as a continuously developing approach to tailoring treatments according to the individual characteristics of a patient. In some way, medicine has always been personalized. During the last decade, however, scientific and technological progress have made truly personalized healthcare increasingly become reality. Today’s personalized medicine involves targeted therapies and diagnostic tests. The development of targeted agents represents a major investment opportunity to pharmaceutical companies, which have been facing the need to diversify their business due to an increasingly challenging market place. By investing into the development of personalized therapies, pharmaceutical companies mitigate a major part of the risks posed by factors such as patent expiries or generic competition. Viewing upon personalized medicine from different perspectives points out the multi-causality of its emergence. Research efforts and business diversification have been two main driving forces; they do supplement each other, however, are not jointly exhaustive in explaining the emergence of this approach. Especially in the future, a number of further stakeholders will impact the evolution of personalized medicine. MDPI 2013-01-17 /pmc/articles/PMC4251383/ /pubmed/25562408 http://dx.doi.org/10.3390/jpm3010014 Text en © 2013 by the authors; licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/3.0/).
spellingShingle Opinion
Steffen, Julius Alexander
Steffen, Jan Simon
Driving Forces Behind the Past and Future Emergence of Personalized Medicine
title Driving Forces Behind the Past and Future Emergence of Personalized Medicine
title_full Driving Forces Behind the Past and Future Emergence of Personalized Medicine
title_fullStr Driving Forces Behind the Past and Future Emergence of Personalized Medicine
title_full_unstemmed Driving Forces Behind the Past and Future Emergence of Personalized Medicine
title_short Driving Forces Behind the Past and Future Emergence of Personalized Medicine
title_sort driving forces behind the past and future emergence of personalized medicine
topic Opinion
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4251383/
https://www.ncbi.nlm.nih.gov/pubmed/25562408
http://dx.doi.org/10.3390/jpm3010014
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