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{bio,medical} informatics

Wednesday, October 17, 2001

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find related articles. powered by google. CIO Magazine Drug Companies On Speed

""We're an information-based industry, but we've been a bit behind in the extent to which we've been using computer-based tools," Dinerstein says. "They've had better computer models for oil drilling than we've had for drug discovery."

While executives in this closely guarded industry won't say how much they're investing in research and development informatics, they are definitely hopping on board. Merck & Co. in Whitehouse Station, N.J., recently paid $620 million to acquire Rosetta Inpharmatics, a genomics and technology company based in Kirkland, Wash. And New York City-based Pfizer says it recently spent more than $100 million to create an "integrated system of high-speed discovery technologies." Pradip Banderjee, a senior partner with Accenture Consulting, conservatively estimates that drugmakers as a whole spend more than $4 billion a year on that kind of technology, not including the cost of hardware."

redux [08.09.01]
find related articles. powered by google. EyeForPharma Gartner predicts Pharma's IT spending on the rise

"In a recent forecast analysis, Gartner predicts U.S. pharmaceutical companies' IT spending will increase at a CAGR (calculated annual growth rate) of 12.8 percent - from $3 billion in 2000 to more than $5.5 billion by 2005. The group forecasts spending on software and external services will outpace spending for hardware, network equipment and internal services."

"The report stresses as advances in genomics and proteomics facilitate a move toward more personalized medicine, the drivers to IT spending will become even stronger as companies attempt to:

  • Rationalize therapeutic areas and compounds, as well as the sub-populations they address,
  • Store and integrate clinical data with research data,
  • Educate physicians about expanding product lines,
  • Solicit patients to participate in targeted clinical trials, and
  • Manage an increasing number of trials.

In order to address these challenges, Gartner believes IT vendors that compete in this space must develop a business process focus, rather than marketing their products on the basis of functionality. "To win those large contracts, a vendor must align its marketing message with the key corporate business issues and target an executive who will likely sponsor the project and win additional funding for the project outside those monies allocated to the general IT budget.""

redux [07.16.01]
find related articles. powered by google. New Jersey Online Despite hoopla, genetic information firms far from profitability

"A year after the deciphering of the human genome boggled the world, investors are realizing that manipulating genes to fight disease is still in its infancy -- and far from profitable."

Nowhere is that more clear than in the industry for genetic information, or bioinformatics."

redux [05.14.01]
find related articles. powered by google. Motley Fool Celera at a Crossroads

""Companies choose to adopt a product that is perceived to give some advantage over their immediate competitors and would like to see that protected in some way by the platform vendor (Celera) not running around selling it to everyone else, if they can avoid it. This is perceived to diminish the window of opportunity of the platform adopter to gain a lead over their immediate competitor. It is an element of sustainable advantage.'"

"Celera is certainly at a point of transition. It must either decide whether or not it wants to get into this collaborative, more vertical model of integrating itself with certain customers in big pharma or try to make its data and knowledge of it so valuable that big pharma of all walks of life simply has to have access to Celera data. I don't think the company has the time and money to do both. I don't think, for competitive reasons that I've explained earlier, big pharma is going to align itself, in large numbers, with a company that is selling the same applications to its immediate competitors."

redux [06.01.01]
find related articles. powered by google. GenomeWeb Software Vendors Hungry for a Piece of the Burgeoning Bioinformatics Consulting Market

"Justin Saeks, an analyst with Frost & Sullivan, sees plenty of room for new players in the consulting market. "I think there is definitely a demand for this," said Saeks, "Maybe equal to or more than the software sales, depending on whether you include hardware with IT consulting."

A Frost & Sullivan study conducted for IBM predicted that life sciences companies would spend nearly $6.5 billion on IT services by 2004.

One reason for the surge of interest in the field is the maturation of data-generating technology, which has left biotech and pharma clients "struggling with the rate of change and the degree of integration on their shoulders," said Bob White, vice president of Accelrys' worldwide sales and consulting division."

[ rhetoric ]

Bioinformatics will be at the core of biology in the 21st century. In fields ranging from structural biology to genomics to biomedical imaging, ready access to data and analytical tools are fundamentally changing the way investigators in the life sciences conduct research and approach problems. Complex, computationally intensive biological problems are now being addressed and promise to significantly advance our understanding of biology and medicine. No biological discipline will be unaffected by these technological breakthroughs.


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