Just watched Larry Ellison talk about #StargateProject as healthcare R&D - but is not talking actual costs per person if the R&D for their therapies are successful. When you spend $500B as a group of corps. you expect to make money with that invest. We need to frame discussion around how.. not later.. but when we start the project. Today's new drug therapies are now over $1M per dose because of the couple of billion $ spent on each regulatory approval. It sounds like more of the same and I assume the NGOs and Governments will pour in financial support as well... but never discuss the cost of the outcomes: More $1M therapies that the vast majority of humanity can't afford. An alternative approach - Open Source and general purpose devices. Example: http://Openwater.health offers low cost treatments for a range of #cancer s, #mentaldisease, #neurodegenerative disease and #cardiovascular disease in pre-clinical and clinical development now. Fully #Opensource, always: Where the devices at scale will be the price of a smartphone and the treatments can reach the cost of a phone call. No drugs needed nor shortages. General purposes devices using ultrasound levels and infrared light levels show safe for 100 years on billions of people and the consumer electronics supply chain.
Well said, reimbursement strategies are key to entering these spaces. Great to have leaders understand this, rather than assume clinical trial success equals insurance, Medicare, and Medicaid will pay
There is a better way. As discussed last year in San Francisco & Santa Monica. We have the solution. I believe it’s in the open source stack using the two Journal’s. Will explain probably better by video. KISS strategy. And the reverse bioengineering discussion from last week. 100% Jepsen
Well said. Open source has enabled a lot of innovation in the infrastructure space. Great to see those principles being applied to the Life Sciences segment.
Not into this a fraction of what you are obviously but I sincerely hope you succeed
You're so right Mary Lou! Totally agree! https://www.linkedin.com/pulse/ai-healthcare-just-around-corner-lucien-engelen-xkooe/?trackingId=9awGiu8PSHycZL8tdSYW%2FA%3D%3D
i caught his remarks as well Mary Lou and wondered, how will people afford it? who pays? especially the ones who need it most.
Open source is the way to go
Completely agree that high cost of therapies limits access to patients who need it the most, and in some cases completely excludes small patient populations. We're also hoping that open source medical devices can reduce costs and expand therapeutic access, and proud to help contribute to the field through our OpenNerve platform.
Mary Lou Jepsen can't wait for your products to deliver life savings treatments at the cost of a phone call. Your open source approach will change medicine. Bravo!
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2mogreat points Mary Lou Jepsen! Would be great to see how open source solutions can align to provide real value in patient outcomes here!