Foresite Labs, LLC, a company that incubates transformative firms at the interface of healthcare and data science, has recently revealed its public launch. According to reliable sources, the new company, which will be led by Dr. Vik Bajaj, Managing Director of Foresite Capital, combines statistical geneticists, experienced data scientists, biostatisticians, engineers and clinicians in creating and supporting early-stage healthcare firms.
Moreover, Foresite utilizes tools of data science such as industrialized understanding, experiment and measurement, to help resolve problems in healthcare and life sciences. Sources cite that Foresite incubated firms would profit from a data platform that consists of large proprietary and public data sets.
Also, the analysis platform includes scalable and mature tools from the world of causal inference and statistical genetics that allows analyses at a large-scale of primary human clinical and biological data, as well as uses solid implementations of budding methods based on artificial intelligence and machine learning.
Reportedly, Foresite’s experimental platform is strongly unified with its analysis platform and heavily counts on high-throughput clinical assessments and chemical & biological approaches. This would, in turn, benefit all its companies offering a strong and experienced technical, business leadership and scientific team.
Speaking on the announcement, Dr. Vik Bajaj said that their company’s understanding about the human disease was heavily influenced by population studies on a large scale that explores genetic basis of human biology by monitoring nature’s experiments.
Bajaj added that functional genomics’ techniques when coupled with advances in machine learning and computational biology would let the company associate its laboratory work with the clinical observations in extraordinary ways.
Meanwhile, Jim Tananbaum, Co-Founder of Foresite Labs and CEO of Foresite Capital, said that their firm is on the verge of transforming healthcare, following which there will be a modern healthcare system that efficiently serves the needs of the clinical consumer.
Source Credit: https://www.businesswire.com/news/home/20191031005909/en/Foresite-Labs-Launches-Incubate-Transformative-Companies-Data