TEACHER
Date:23 July
Time:11:00– 11:20 (GMT+8)
Pharma, MedTech and Life Sciences Sector Leader
PwC Australia
Since the human genome was first sequenced in 2003, emerging technologies in the collection, sequencing, and analysis of genomic data have driven down the cost of DNA sequencing, from over $1 million to $600 per genome in the past 15 years. Through the use of genomics, we can now end the diagnostic odyssey that exists for many rare diseases. Genomics is now one of the fastest growing sectors within health. As we move from government-sponsored national programs to routine clinical testing, there will be rapid demand for services across the genomics value chain. However, before health systems can reap the full advantage of genomics, critical capabilities need to be established and end to end funding pathways need to be established. Restrictive reimbursement methodologies limit adoption to only a few cases even though there are many more cases with proven health advantages. Health systems wanting to be at the forefront of innovation and lead the field of genomics, need to clearly define how research will translate into clinical practice and reconsider how genomics is funded from referral to clinical action.