AI in Oncology?- The Swiss Army Knife for Patients, Providers and Researchers
Doug Nissinoff
Venture Capital | Investing in the intersection of healthcare & AI
by?Ioanna Deni
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Cancer: A burden since the dawn of man
A group of medically inclined Egyptians reported more than 5000 years ago in Edwin Smith Papyrus the first case of a cancer diagnosis. It was written: swelling in the breast is a grave disease, there is no cure [1]. Along with these manuscripts, there have been identified fossilized bone tumors in human mummies suggestive of the bone cancer called osteosarcoma. It is highly probable that cancers have been as old as humanity itself.?
Throughout history, significant progress has been achieved in detecting and treating cancers [2]. While the list of innovations is vast and ever-growing, a few exciting breakthroughs below to give you an idea of this progress:
What are cancers and oncology?
In simple terms, cancer is characterized by cells that have lost their ability to regulate their growth, leading to uncontrolled cell division. This abnormal cell behavior happens at a genetic level and all cell types are susceptible to it;, such as cells in the blood, bones, and skin. Thus, cancers can be of various types; carcinomas, leukemia, myelomas. Cancers are so common that it is estimated that an unsettling high percentage of people (~40%) will receive a cancer diagnosis at some point in their lives [4]. As we appreciate the profound dangers posed by cancers, we allocate more time, funding, research and resources towards combating this formidable threat.?
In the medical world, oncology is the branch dedicated to the study, diagnosis, and treatment of cancer. This field is crucial because cancer is not a singular condition, but rather a complex array of diseases that manifest in different ways. In fact, there are more than 200 types of cancer, each requiring a unique approach for diagnosis and treatment.
Cancers can be classified based on where they begin in the body, such as breast cancer originating in the breast tissue or lung cancer originating in the lung. However, another essential way to categorize cancer is by identifying the type of cell where it starts. In this regard, there are five main groups [5]:
Understanding these classifications is pivotal in oncology, as it aids healthcare professionals in diagnosing correctly and formulating targeted treatment plans. Armed with this knowledge, both clinicians and patients are better equipped to navigate the complex landscape of cancer treatment.
The Oncology market is anticipated to double in size over the next decade, expanding its total value to over 400 billion dollars. Specifically, the cancer diagnostic segment is predicted to account for almost ~50% of the total market making it a colossal industry [6].
AI: A Healthcare Companion
Artificial intelligence is a powerful tool for enhancing cancer care throughout the patient journey. AI applications in oncology encompass various areas, such as optimizing cancer research, and predictions of cancer patient outcomes and treatment responses [8].
AI has been integrated with ease in some areas of oncology and it is improving with tremendous speed. For instance:
Many pharmaceutical and tech giants have created partnerships over the years to address as many areas of oncology as they can, see below for select examples [15].
Forging the future: 5 key questions straight from our investing rulebook
At Intelligence Ventures , we focus on all aspects of disease and the patient journey. Our goal is to unearth intricacies within the lesser-explored realms of oncology and commit to investing in AI innovations that will propel humanity against cancer. To reach these objectives, we look for the following features in an AI-enabled oncology startup.
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At Intelligence Ventures, we are dedicated to supporting emerging technologies. We strive to recognize and nurture the distinctive qualities of companies, assisting them in accentuating and evolving to succeed in reaching their own objectives and grow.
AI in Oncology: Paving the untravelled path
While AI has made remarkable progress in the field of oncology, there is always a need for further improvements. Reflecting on one of my interviews at the Cancer Research UK Cambridge Centre for Doctoral Training, I was presented with an intriguing questionscenario: If I had all of the resources — unlimited funds, time, and support—how could I contribute to advancing the ongoing battle against cancer and achieving victory? Revisiting this question, and considering the potential of AI-enabled technologies as well as personalized medicine, my response would be as follows:
So, why bring up this anecdote and these speculations? The answer is straightforward: these are precisely the kinds of transformative technologies that we see as prime investment opportunities. In a world increasingly leaning towards personalization and data-driven solutions, the convergence of artificial intelligence with healthcare—particularly in the area of oncology—presents an untapped market ripe for innovation. These ideas are not just thought experiments; they represent potential leaps in our approach to one of humanity's most enduring challenges. As investors, we have both the opportunity and the responsibility to identify, nurture, and scale such groundbreaking ventures that have the potential to change the very fabric of healthcare and improve lives globally.
More about Intelligence Ventures
We are an emerging venture capital firm dedicated to cultivating innovation at the intersection of artificial intelligence and healthcare within the United States. Our commitment lies in the strategic investment and nurturing of pre-seed, seed, and Series A companies, fueling their growth and fostering the next generation of industry leaders.
Our initial fund, AI Health Fund I, is focused on companies that use artificial intelligence to increase efficiencies and/or solve computationally intractable problems that place a ceiling on our ability to develop new drugs, advance them through clinical trials, and ultimately diagnose and treat patients. We are industry vertical agnostic and believe that generative AI and more specific ML models can be used to accelerate innovation in biotech, pharma, medtech, and diagnostics.
For more information, visit our website at www.intelligencevc.com or reach out to [email protected] for any inquiries. Be sure to follow us on LinkedIn and Twitter , and subscribe for further installments of The Intelligence Report .
References
[1] Hajdu, Steven I. “A Note from History: Landmarks in History of Cancer, Part 1.” Cancer 117, no. 5 (2010): 1097–1102. https://doi.org/10.1002/cncr.25553
[2] American Cancer Society. https://www.cancer.org
[3] Kowalski, Amanda E. “Mammograms and Mortality: How Has the Evidence Evolved?” Journal of Economic Perspectives 35, no. 2 (2021): 119–40. https://doi.org/10.1257/jep.35.2.119
[4] National Cancer Institute. https://www.cancer.gov
[5] "Cancer Types: A Comprehensive Overview." Cancer Research UK, October 9, 2023. https://www.cancerresearchuk.org/about-cancer/what-is-cancer/how-cancer-starts/types-of-cancer
[6] Cusabio Life Science. (n.d.). What is Cancer? https://www.cusabio.com/cancer.html
[7] “Oncology Market - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032.” Precedence Research. https://www.precedenceresearch.com/oncology-market
[8] “Current Applications of Artificial Intelligence in Oncology.” Targeted Oncology. https://www.targetedonc.com/view/current-applications-of-artificial-intelligence-in-oncology
[9] Farina, Eduardo, Jacqueline J Nabhen, Maria Inez Dacoregio, Felipe Batalini, and Fabio Y Moraes. “An Overview of Artificial Intelligence in Oncology.” Future Science OA 8, no. 4 (2022). https://doi.org/10.2144/fsoa-2021-0074
[10] “Ai Rides Shotgun in the Quest for Better Cancer Diagnostics.” Fred Hutch. https://www.fredhutch.org/en/news/spotlight/2023/10/ccsg-barner-modernpath.html
[11] “Azra AI Launches Groundbreaking Patient Journey Module for Comprehensive Cancer Patient Tracking.” Business Wire, July 27, 2023. https://www.businesswire.com/news/home/20230727674666/en/Azra-AI-Launches-Groundbreaking-Patient-Journey-Module-for-Comprehensive-Cancer-Patient-Tracking
[12] Joyce, Liam. “Etcembly Reveals World’s First Immunotherapy Drug Designed Using Generative AI Technology.” Harwell Campus, August 23, 2023. https://www.harwellcampus.com/etcembly-immunotherapy-designed-using-generative-ai
[13] Belli, Brita, Bio.News Staff, and Clary Estes. “How We’re Expanding Cancer Treatments with Generative AI.” Bio.News , April 14, 2023. https://bio.news/health/generative-ai-expanding-cancer-treatments-tumors-aacr-annual-meeting-2023-insilico-medicine
[14] Ramsey, Reviewed by Lily. “Combining Generative AI and Quantum Computing to Accelerate Drug Discovery.” News, May 20, 2023. https://www.news-medical.net/news/20230519/Combining-generative-AI-and-quantum-computing-to-accelerate-drug-discovery.aspx
[15] “Ai in Oncology: Deep Pharma Intelligence.” Deep Pharma. https://www.deep-pharma.tech/oncology-ai
Joppa Medical Recruiting LLC
9 个月Great Read! Very Interesting. Our firm is focusing on AI Oncology companies development and expansions.
Attended R.K.R. College of Education
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1 年Wish they'd find a core already. Hits close to home for everyone.
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