Tuesday, November 5, 2024

BioAsia 2024 concludes AI to provide advanced health solutions mooted

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The three-day Bio Asia Conference concluded on Wednesday with the Government of Telangana announcing strategic plans for the formation of a Life Sciences GCC Consortium bringing together all the Life Sciences GCCs in Hyderabad. The government aims to create a collaborative ecosystem fostering innovation, knowledge sharing and collective growth within the Life Sciences GCCs.
The conference witnessed the launch of Centre for Fourth Industrial Revolution in Life Sciences (C4IR) by the government of Telangana and Global CEOs David Ricks, CEO, Eli Lilly; and  Geoff Martha, Chairman & CEO, Medtronic. C4IR is the first thematic centre focused on healthcare and life sciences in Telangana, in collaboration with the World Economic Forum. New partnerships were forged as Sweden headquartered Garmin Health launched a hackathon with C4IR. An exchange of MoU between National University of Singapore and C4IR also took place with the aim of empowering and designing innovative clinical trials that will facilitate development and skilling programmes for local talent. Yet another MoU exchange between Calyx.AI and C4IR was the hallmark of the event which aimed at utilising AI to provide advanced health solutions.
Addressing the gathering, Telangana Governor Dr. Tamilisai Soundararajan, said, “BioAsia was conceptualised 20 years ago, and now it has matured as an initiative to support more entrepreneurs. In India, the cost factor is very important. I appreciate BioAsia for creating such a platform for encouraging innovations such as affordable ultrasound and vaccines. After the invention of AI, diagnosis has become easy. As the First Citizen of the State, I appreciate the Telangana government supporting entrepreneurs, Biotechnology centers and pharma centers.”
Minister for Industries and Commerce, Govt. of Telangana, D Sridhar Babu said, “A significant milestone has been set as we gather to inaugurate the Centre for Fourth Industrial Revolution in Telangana. It’s a moment of pride for Telangana as the World Economic Forum has considered Telangana for setting up this centre. C4IR is aligned with three focus areas – Skilling to provide livelihoods and growth opportunities; Health profiling of every citizen; Creating clinical registries for better evidence based care through clinical profiling and cutting edge therapies to market.”

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