Author: Matthew O’Donnell

  • Hold On To Your Brightest Young People, Michigan

    Matthew O’Donnell wrote:

    I don’t have five pithy things to tell entrepreneurs in Michigan, but I do have one comment based on my 16 years in Ann Arbor trying to help commercialize biotech/medtech innovations at the University of Michigan.

    Do everything possible to keep your young in Michigan. The three research universities in Michigan, U-M, Michigan State University, and Wayne State University, produce a lot of talent who can function at world-class levels. Unfortunately, most leave the state with their degrees. For example, two-thirds of the graduates of the College of Engineering at the University of Michigan leave the state with their degrees.

    The few who stay do very well. For example, there is a small but robust biotech entrepreneurial community in Ann Arbor made up almost exclusively of U-M alums who wanted/needed to stay around Ann Arbor. The best thing the state can do is to define incentives to change the two-thirds leaving into two-thirds staying. Complex economic policies trying to bring new business and capital into the state are doomed if two-thirds of the talent routinely leaves. I think the policy folks should focus on ways to allow the high-quality talent already available in Michigan to stay in the state.

    [Editor’s note: To help launch Xconomy Detroit, we’ve queried our network of Xconomists and other innovation leaders around the country for their list of the most important things that entrepreneurs and innovators in Michigan can do to reinvigorate their regional economy.]

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  • Can Molecular Medicine Survive Its Teenage Years, and Reach its Potential This Decade?

    Matthew O’Donnell wrote:

    As the 21st century approaches its teenage years, so too does molecular medicine. Discovery of the structure of DNA more than 50 years ago launched the field of molecular biology. During the last decade, we have seen the first translation of some fundamental discoveries in this field into medical tools. Clearly, however, we are early in their development for routine clinical use.

    The biggest question for the next decade is whether molecular medicine can survive its teenage years, moving from first discoveries to mature approaches enabling inexpensive, practical, and reliable clinical tools.

    Healthcare spending now represents more than 16 percent of the United States gross domestic product and is growing rapidly. The traditional approach to treating disease is reactive: we typically wait until someone is sick before treatment. As many health care professionals realize, a radical departure from this approach is required to contain healthcare costs. The key is to shift from diagnosing patients when they already have symptoms to detecting disease much earlier, before symptoms appear. This is the potential that molecular medicine brings to personalized healthcare delivery. Personalized healthcare will be predictive and preventive, probing an individual’s unique biology to assess disease probability and then designing appropriate treatments, even before symptoms. Many healthcare professionals believe this transformation will shift how the nation’s healthcare dollar will be used over the next decade, dramatically reducing the amount spent on today’s reactive treatments, while increasing the amount spent on prediction and diagnosis to almost a third of all expenditures.

    Most work to date in molecular diagnostics has focused on identifying disease biomarkers in the blood or other easily obtainable bodily fluids. Developing comprehensive yet personalized assays for diverse populations, however, is highly complex and expensive.

    Another approach is to focus on molecular screening in which tests based on blood-borne biomarkers are tuned for high sensitivity (which means you never let a patient with the disease go undetected) but relatively low specificity (which means you may predict a number of healthy people have the disease – i.e., significant false positives). Typical diagnostic tests today must balance between sensitivity and specificity because of the high cost usually associated with false positives.odonnelldiagram

    Under the new model, depicted in the figure, molecular screening first identifies a high risk individual. Screening results are augmented by highly specific molecular imaging tests to confirm disease onset, characterize the disease, and determine location.

    Finally, molecular therapies can be delivered noninvasively, and molecular imaging can be used to both guide procedures and assess treatment efficacy. This integrated approach, including several feedback loops specific to the patient, will be more affordable and reliable, as highly specific imaging can greatly reduce false positives that create unnecessary expenses and anxiety today. Overall, it will help translate molecular medicine into a robust personalized tool.

    This model of molecularly-enabled, personalized medicine will become a reality in the next decade only if the following five questions can be successfully answered:

    Will molecular screening technologies based on genomics and proteomics be able to detect the early onset of complex diseases such as diabetes and cancer?

    Molecular screening has made tremendous progress in the last decade. This progress, however, has produced new challenges. For example, the volume of data …Next Page »