"For example, will the United States' patent system (andother national and multinational patent organizations) remove barriers thatimpede the equitable provision of new genomic and other molecular diagnostictests? Will the
Food and Drug Administration (and its sister organizationsaround the world) modify or clarify regulations and policies to accommodate thenew world of personalized medicine? Will Medicare, Medicaid and privateinsurers reexamine evidentiary and other reimbursement preconditions, so thatpersonalized cancer care becomes available and accessible to all patients?Genomic medicine has the capacity to revolutionize cancer care, but if thesebusiness, regulatory and public policy issues are not adequately addressed, thetransformation in cancer care will be slowed," the company cautions.
"This pilot collaboration with Novartis represents our firstpharmaceutical partnership, and we are delighted to accomplish this importantmilestone with one of the world's leading cancer therapeutic companies," Borisysays. "As part of this agreement, Foundation will leverage the broad contentsand high quality of our cancer genome analysis platform. By delivering aclinical-grade analysis of molecular information, Foundation's dedicatedclinical research team will help our partners more rapidly translate novelfindings into therapeutically applicable results. This collaboration is animportant step forward for Foundation and could provide us with the basis forbuilding successful cancer genome analysis platforms for future collaborationsand partners."