Alberta Precision Exchange
Harnessing Alberta’s healthcare resources to drive the precision medicine economic sector
The APEX program unites geographically distinct foci of expertise in translational research, business development, and healthcare innovation around the common goal of Precision Health in diagnostics. APEX is a not-for-profit foundation that curates and moderates agreements between independent partners (SMEs, innovators, manufacturers, institutions) operating in an IP-protected environment. These agreements allow Alberta’s emerging diagnostic technologies to be rapidly translated from lab-bench idea to real-world tools with the full support of R&D experts, industry partners, clinicians, regulatory bodies, and health care delivery experts.
What is precision diagnostics?
Precision medicine is an emerging medical approach that calibrates the type of treatment according the unique genetic and environmental factors affecting each patient. Effective, rapid diagnostic tests must be developed in order to implement precision medicine initiatives, but developing these tests is costly and time-consuming. As a result, economic, business development, and regulatory barriers frequently prevent novel technologies from making it to market.
The Framework
Alberta Precision Exchange (APEX) provides the framework to leverage the unique health resources available in Alberta to effectively access this $141.7 billion global market.
The path to commercialization
APEX is a not-for-profit foundation that curates and moderates the agreements between independent partners operating in an IP-protected environment. These agreements allow Alberta’s emerging diagnostic technology to be translated from lab-bench idea to real-world tools with the full support of R&D experts, industry partners, clinicians, regulatory bodies, and health care delivery experts. APEX is designed to channel international investment directly into Alberta’s nascent precision diagnostics industry.
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