Nearly 40% of adults in the United States will one day be diagnosed with cancer. Numbers this high basically guarantee that all Americans are familiar with at least one person that is fighting the disease. A report by the National Cancer Institute in 2014 state that over 14 million Americans were battling cancer. This number is expected to rise to more than 19 million by 2024.
In response to the situation, companies like Tempus, co-founded by entrepreneur Eric Lefkofsky, are working to facilitate better data-driven precision medical solutions.
Tempus began with the ambitious goal of completely transforming the delivery of cancer care. The platform developed by Tempus analyzes the clinical and molecular data of a patient to allow for physician’s to make better treatment suggestions.
One major obstacle for Tempus was the manner in which critical information about cancer patients was collected and recorded. Many times this consisted of physician’s notes that were kept in patient’s charts. This text is extremely difficult to capture and analyze.
Tempus was able to develop software that was capable of converted this text into structured data that will be effective at advancing the care and treatment of cancer.
The molecular data used to advance the treatment of cancer basically consists of utilizing the process of genomic sequencing to get a look at a patient’s genomic information. The process which has been around for sometime cost about $100 million to perform in 2003. Due to technological advances, this data can be now collected at a cost of about $5000. And with the efforts of companies such as Tempus, the cost is expected to continue to fall dramatically.
Eric Lefkofsky is the co-founder and active chief executive officer of Tempus. Lefkofksy has founded and worked in various capacities with an assortment of companies including Lightbank, Groupon, Uptake Technologies, and Inner Workings.
Lefkofsky attended the University of Michigan for his undergraduate degree and also received his law degree at the university.
Lefkofsky also serves as an adjunct professor at the University of Chicago.
Learn More: www.lightbank.com/team/eric-lefkofsky