Verily is linking up with new health system partners to enhance clinical research
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Verily - the life sciences arm of Google-parent company Alphabet - inked a collaboration with six major US health systems to develop solutions to roadblocks that often arise during the clinical research process, which aligns with its research-centered health play.
Here's what it means: Verily's committed itself to medical research with a host of partnerships.
- Verily's exploring a personalized approach to tracking the progression of Parkinson's. Verily tied up with a Netherlands-based health system to forge the Personalized Parkinson's Project, an initiative the pair hopes will shed light on biological markers of the disease, opening the door for more insight on how Parkinson's progresses among people. Partnerships like these, which aim to make treatment more personalized and effective, could provide significant benefits to health systems: Parkinson's Disease costs the US alone $25 billion, a chunk of which is allotted to treatments. And a treatment that could slow Parkinson's progression by 50%could cut costs by 35%, per research cited by the Michael J. Fox Foundation.
- It also spearheaded a project to identify the genomic cause of inflammatory diseases. Verily joined forces with biopharmaceutical firm Gilead Sciences to pinpoint what's leading rheumatoid arthritis, inflammatory bowel disease, and lupus-related diseases to arise. Ultimately, results could help doctors to design adequate therapies for patients to help providers curb costs related to common conditions: Rheumatoid arthritis alone costs the US about $19 billion annually, per Healthline.
Competitors have their sights on other healthcare ventures, so Verily's research focus could be a smart way to carve out a niche in the market.Amazon and Apple, for example, are focused on getting their products through health systems' doors.Apple boasts a blossoming list of clients using its health record system, and Amazon recently unveiled a medical software system that health systems can adopt. Verily, however, is remaining heavily focused on its ability to act as an ally to health systems with complimentary services that help transform the way health is researched and healthcare's delivered, while other big tech firms are creating solutions that would enable them to circumnavigate or even cut out traditional healthcare players.Verily's continued focus on strengthening its commitment to enhancing clinical research - and ability to expand its roster of healthcare partners - could help Alphabet deepen its health play.
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