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	<title>Xconomy &#187; Victor McElheny</title>
	<atom:link href="http://www.xconomy.com/author/vmcelheny/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.xconomy.com</link>
	<description>Business + Technology in the Exponential Economy</description>
	<pubDate>Sat, 21 Nov 2009 15:48:14 +0000</pubDate>
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		<title>Personalized Medicine&#8212;A Tall Mountain</title>
		<link>http://www.xconomy.com/boston/2009/05/11/personalized-medicine-a-tall-mountain/</link>
		<pubDate>Mon, 11 May 2009 13:38:24 +0000</pubDate>
		<dc:creator>Victor McElheny</dc:creator>
				<category><![CDATA[Boston]]></category>
		<category><![CDATA[Boston Xcon]]></category>
		<category><![CDATA[National Xcon]]></category>
		<category><![CDATA[people]]></category>
		<category><![CDATA[Biotech]]></category>
		<category><![CDATA[events]]></category>
		<category><![CDATA[Personalized Medicine]]></category>
		<category><![CDATA[George Church]]></category>
		<category><![CDATA[Walter Gilbert]]></category>
		<category><![CDATA[Phil Sharp]]></category>
		<category><![CDATA[Biogen Idec]]></category>

		<guid isPermaLink="false">http://www.xconomy.com/?p=24137</guid>
		<description><![CDATA[Despite an avalanche of new genomic information, the slope upward to applying it widely in medicine looks steep. This picture was laid out bluntly by biology pioneers Walter Gilbert and George Church at Xconomy&#8217;s biotechnology forum on Thursday, April 30. They saw big problems with both investment and public awareness. Their remarks were particularly striking [...]]]></description>
			<content:encoded><![CDATA[ 
		<div style="text-transform:uppercase"><a href="http://www.xconomy.com/tag/people/">people</a>, <a href="http://www.xconomy.com/tag/Biotech/">Biotech</a>, <a href="http://www.xconomy.com/tag/events/">events</a></div>
		 
		<strong>Victor McElheny wrote:</strong>
		<p>Despite an avalanche of new genomic information, the slope upward to applying it widely in medicine looks steep. This picture was laid out bluntly by biology pioneers Walter Gilbert and George Church at <a href="http://www.xconomy.com/boston/2009/05/01/how-to-raise-50m-in-a-recession-highlights-from-the-xconomy-life-sciences-forum/">Xconomy&#8217;s biotechnology forum</a> on Thursday, April 30. They saw big problems with both investment and public awareness. Their remarks were particularly striking to me because I&#8217;m currently writing a history of the genome project for Basic Books of New York.</p>
<p>Both panelists have been associated with Harvard for decades. Gilbert, now a photographer and investor, is the inventor of a Nobel-prize-winning DNA sequencing method in the 1970s and co-founder of what is now Biogen Idec. Church, also a pioneer in sequencing and advisor to and founder of several companies in the field, is best known lately for his Personal Genome Project.</p>
<p>Public participation, according to Church, is vital to spreading genomic medicine widely. Millions of patients and their doctors, he said, must be educated to see the relevance of genetic factors in illness. Then they must demand such information, help obtain it in the detail needed to give power to genetic tests, and use the results.</p>
<p>Gilbert focused on the now-classic dilemma of personalized medicine. This is the reluctance of large drug companies to study and push genetic stratification of patients into those likely or unlikely to benefit from a particular drug or dosage. Perhaps, he said, insurance companies would see the point of finding out whether a cancer patient would be helped by a treatment that costs $50,000 a year.</p>
<p>Both saw needs to go around existing systems. The investment system, Gilbert said, is &#8220;broken.&#8221; Venture capitalists, and many company founders, now demand an exit in three to five years. &#8220;It&#8217;s hard to put money in for 20- to 30-year periods.&#8221; This is a major obstacle to <span class="read_more"> <a href="http://www.xconomy.com/boston/2009/05/11/personalized-medicine-a-tall-mountain/2/"> &#8230;Next Page &raquo;</a></span></p>
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		<title>Victor&#8217;s first post&#8230;</title>
		<link>http://www.xconomy.com/boston/2007/06/27/victors-first-post/</link>
		<pubDate>Wed, 27 Jun 2007 19:41:42 +0000</pubDate>
		<dc:creator>Victor McElheny</dc:creator>
				<category><![CDATA[placeholdercategory]]></category>

		<guid isPermaLink="false">http://www.xconomy.com/2007/06/27/victors-first-post/</guid>
		<description><![CDATA[&#8230;is coming soon.
]]></description>
			<content:encoded><![CDATA[ 
		<div style="text-transform:uppercase"></div>
		 
		<strong>Victor McElheny wrote:</strong>
		<p>&#8230;is coming soon.</p>
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