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Precision Medicine Revolution is Within Our Grasp, New Report Finds

Oliver Cann, Associate Director, Media Relations, Tel.: +41 79 799 3405; E-mail:

Dubai, United Arab Emirates, 14 November 2012 –  Precision medicine, which combines established clinical parameters with molecular profiling to tailor treatment for individual patients, holds the promise of considerably better and cheaper healthcare but requires concerted multistakeholder action to fulfil its potential, a new report finds today.

Preparing for Precision Medicine, published by the Global Agenda Council on Precision Medicine, builds on the significant advances in personalized patient care that have been made in biomolecular medicine in the past 10 years by setting out key requirements for widespread adoption to be achieved.

Specifically, the report calls for the establishment of frameworks for regulating, compiling and manipulating the influx of information that can keep pace with rapid scientific discoveries by allowing:

  • More incentives for innovation
  • New disease classification systems that incorporate emerging molecular data
  • More streamlined clinical trial regulation frameworks
  • Effective data interpretation and clinical decision support (CDS)
  • Stimulation of consumer interest and active patient participation

“Such an approach will deliver significant benefits but also create new challenges. For one thing, preparing for precision medicine will require collaboration between all major healthcare stakeholders – clinicians, patients, government, industry and academic institutions – on a scale previously unseen. Ensuring the success of precision medicine will require that these challenges are acknowledged and effectively addressed early on,” said Lord Darzi, Hamlyn Chair of Surgery, Imperial College London and Chair of the 2011-12 Global Agenda Council on Precision Medicine.

The Co-Chairs of the Summit on the Global Agenda 2012 are Sultan Bin Saeed Al Mansoori, Minister of Economy of the United Arab Emirates and Sami Dhaen Al Qamzi, Director-General, Department of Economic Development of the Government of Dubai.

Notes to Editors


The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.

Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is independent, impartial and not tied to any interests. It cooperates closely with all leading international organizations (