PROVIDENCE, R.I., Nov. 2, 2017 /PRNewswire/ -- Medley Genomics is the Grand Prize winner of the 2017 Pistoia Alliance President's Challenge, selected by seven industry judges. UK company Transformative AI won the audience vote. Both winners receive a $20,000 award, six months one-to-one mentorship from a Pistoia Alliance member, one year's access to Elsevier's R&D Solutions portfolio and to Clarivate Analytics' life science assets. Contestants included startups from the US, Germany, Canada and the UK.
Dedicated to lowering barriers to research and development innovation, the Pistoia Alliance's key themes for 2017 were real world data, blockchain for health, lab of the future, acceleration of early stage clinical trials and AI/deep learning. Addressing several themes, Medley Genomics' advanced data analytics characterizes the unique molecular and cellular landscape within a patient's cancer providing the 'molecular fingerprints' of his or her tumor, valuable information for healthcare providers determining the initial course of treatment and monitoring of disease.
"I congratulate Medley Genomics and Transformative AI on their wins — two dynamic start-ups in the field of data analytics, deep learning and AI. "Both teams pitched innovative solutions that will ultimately lead to better patient outcomes, through the pioneering application of advanced technology," commented Steve Arlington, president of the Pistoia Alliance. "All five finalists of this year's President's Challenge are examples of the exciting, inventive mind-set that is a vital feature of the life sciences sector. As pharmaceutical and healthcare companies struggle to make use of the deluge of data flooding the industry, startups like Medley Genomics will be critical in helping to unlock the value of data that leads to breakthrough discoveries and precision therapies for patients."
"As a startup aiming to accelerate precision cancer therapies through deep data analytics to better understand the patient, we were honored to be recognized by such an important organization transforming healthcare across the biopharma industry," stated Patrice Milos, Co-Founder and CEO of Medley Genomics.
About Medley Genomics: Medley Genomics is a US start up that is dedicated to addressing the challenges of genomic heterogeneity in the diagnosis and treatment of complex diseases, particularly focusing on cancer.
About Pistoia Alliance: We are a global, not-for-profit alliance of life science companies, vendors, publishers, and academic groups that work together to lower barriers to innovation in R&D. Our projects transform R&D innovation through pre-competitive collaboration. We bring together the key constituents to identify the root causes that lead to R&D inefficiencies. We develop best practices and technology pilots to overcome common obstacles. Our members collaborate as equals on open projects that generate significant value for the worldwide life sciences community.
Patrice M. Milos, Ph.D.
SOURCE Medley Genomics