Precision4Med_Nov2021_AdvancementsInPrecisionDiagnostics - 35

ADVANCEMENTS IN PRECISION DIAGNOSTICS
BIOSPECIMEN
SOLUTIONS
Karen Zaderej
Chairman, CEO, and President, Axogen * Translational Medicine
The biotech industry is demonstrating the growing importance of improving patient
quality of life as well as impacting the progression of significant diseases. The promise
of regenerative medicine and that of cell therapy are now realities. Technology and
regulatory pathways are evolving, enabling biotech innovators and healthcare providers
to provide off-the-shelf and personalized medicine solutions harnessing the healing
capacity of the body. We have the opportunity to reduce pain, improve mobility, heal
wounds, restore sensation, and improve overall quality of life. We must continue to
innovate with improved patient outcomes top of mind to alleviate these burdensome
symptoms.
Tia Lyles-Williams
Founder and CEO, LucasPye * Bioprocessing
The pace of innovation in biotechnology has rapidly increased over the past 40 years.
We're innovating in our equipment, methodologies, and software technologies to
rapidly develop the appropriate paths forward for treating patients with various disease/
virus indications. We're expanding our use of genetic materials and our applications of
genomic data. We're also continuing to tweak our manufacturing processes, raw material
components, and human administration pathways to reduce risks as well as costs for
patients.
The biggest changes in biotechnology include developments in precision medicine and
GMOs. Precision medicine and GMOs are bound to influence our longevity, particularly
now that increasingly adverse conditions on Earth are threatening to spread disease and
hunger.
I am hopeful that biotechnology will promote diverse, inclusive, and equitable practices
that will benefit all members of the human race-and our animal neighbors, too. These
practices will sustain innovation and reduce costs for biotech companies and patients
alike.
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