GenoSpace Announces the Launch of a Cloud-Based “Information Ecosystem” for Advancing 21st-Century Personalized Medicine

Grazed from MarketWatch. Author: PR Announcement.

GenoSpace, a Cambridge, Massachusetts-based informatics company, has launched a cloud computing platform to provide access to a variety of genomic and phenotypic data and designed to advance biomedical research and personalized medicine.

Formed in 2011, GenoSpace leverages years of systems development experience and deep domain knowledge of founders John Quackenbush and Mick Correll, who, together at the Dana-Farber Cancer Institute, created software systems linking clinical and research data. Recognizing that the rapidly falling cost of genome sequencing would make existing systems obsolete, they developed a cloud-based data storage and "software-as-a-service" platform based on a robust, scalable, and secure data model. A key element of the GenoSpace system is its collection of intuitive, informative, data-access portals that can address the needs of a broad range of users…

"With the cost of genome sequencing falling to $1,000 and below, we quickly recognized that data generation had become a commodity," said John Quackenbush, GenoSpace CEO. "We wanted to solve the ‘last 100 yards’ problem and deliver data to individuals and organizations who need to access it in a form that is relevant to their needs. Everyone in medicine and biomedical research — from patients to pharmaceutical companies and everyone else in-between — can benefit from GenoSpace’s unique service offerings."

Chairman of the GenoSpace Board of Directors, Joseph Boystak, added that "GenoSpace has tremendous commercial potential, including recurring revenue streams, by its offering clients and constituents high value-added products and services. This is the first company to create an information ecosystem that links together diverse users in ways that can benefit everyone involved. GenoSpace offers the solution for 21st-century genomic medicine."

As early stage clients, GenoSpace is working with disease foundations, pharmaceutical companies, and contract research organizations that recruit patients to clinical trials, and hospital systems and service providers that are seeking to connect with each other and looking to solve the problem of clinical and genomic data integration and management. For these and other clients, GenoSpace technology addresses their fundamental needs in ways that open up new opportunities.

GenoSpace’s CTO, Mick Correll, underscored the distinctive value proposition represented in the company’s offering, "Our cloud-based technology is secure, robust, and infinitely scalable, and the portals we’ve developed are aimed at solving problems people have today, while being adaptable to the needs of genomic medicine tomorrow. Even in our early days, this unique mix of attributes has positioned us well in the marketplace."