Precision Medicine in the Pharmaceutical Industry

Abstract

Precision medicine (PM) is the tailoring of medical treatment to the individual characteristics of each patient. It is currently one the most prominent approaches in modern healthcare and public health. It aims to provide a more precise prevention, diagnosis, and treatment of disease. The approach enables healthcare providers to provide a more accurate diagnosis and create customized treatment plans. It is rapidly having an impact on how drugs are developed, how patients are treated, and how healthcare delivery is channeling its resources to maximize patient benefits. With the evolution of science, healthcare and pharmacy are advancing towards precision medicine. Precision medicine has emerged as a transformative approach in the pharmaceutical industry. In this paper, we will explore how precision medicine can benefit the pharmaceutical industry.