FOR IMMEDIATE RELEASE
Ann Arbor, MI – May 30, 2023
Genomenon Wins Best of Show Award at Bio-IT World 2023 Conference and Expo
New Genomic Intelligence Solution Improves and Validates Rare Disease Prevalence Calculations to Better Assess Orphan Drug Market Potential
Genomenon Inc.®, a genomic intelligence company, today announced that it was awarded Best of Show at Bio-IT World Conference and Expo 2023 for its independent genetic disease assessment, which starts with calculating rare disease prevalence. Each year, the Best of Show Awards program at Bio-IT World recognizes innovative product solutions to important problems facing the Life Sciences industry. Genomenon’s offering was one of 33 new products considered for this prestigious award at last week’s 22nd annual event in Boston, MA.
Accurately estimating the prevalence of a rare disease is particularly challenging for orphan drug developers. Missing even one published paper that documents pathogenic and likely pathogenic gene variants implicated in rare genetic diseases can dramatically affect the resulting estimate. Underestimating disease prevalence can compromise fund-raising efforts for rare disease drug programs, whereas overestimating can make it difficult to meet clinical trial recruitment goals.
For companies targeting rare diseases, Genomenon’s disease prevalence report provides a more complete understanding of the genetic prevalence of autosomal recessive (AR) diseases. Part of Genomenon’s new Genomic Intelligence portfolio, this offering leverages both the Mastermind® Genomic Language Processing (GLP) AI technology and exhaustive knowledgebase of human genomic evidence with genomic intelligence.
Genomenon delivers an insight-rich curated dataset and comprehensive prevalence report that includes an updated calculation of estimated genetic prevalence that orphan drug companies can use to validate market potential for new therapies under development. In a recent application, Inozyme Pharma partnered with Genomenon to update the disease prevalence estimation for ENPP1 Deficiency. Genomenon’s revised estimate was more than three times the previous estimate, and results were published in the Orphanet Journal of Rare Diseases (Chunn et al, 2022, https://ojrd.biomedcentral.com/articles/10.1186/s13023-022-02577-2).
“We are honored that our new methodology for estimating and validating Rare Disease Prevalence was chosen by the awards committee as one of the most valuable and innovative solutions for the Bio-IT community,” said Genomenon CEO Mike Klein. “This recognition aptly demonstrates how we enable pharmaceutical companies that are pioneering development of therapies for orphan diseases with Genomic Intelligence.”
Genomenon is a genomic intelligence company dedicated to improving the quality of life of genetic disease and cancer patients by making genomic information actionable. Blending the power of AI with the precision of genomic expertise, the company empowers pharmaceutical companies and the clinical diagnostic community with empirical genomic evidence and insights that both support the development of novel therapeutics and speed diagnostic assessments and treatment recommendations.
About Bio-IT World Conference and Expo
The Bio-IT World Conference & Expo is the world’s premier event showcasing the technologies and analytic approaches that solve problems, accelerate science, and drive the future of precision medicine. For more than 20 years, the event has united a community of leading life sciences, pharmaceutical, clinical, healthcare, informatics, and technology experts in the fields of biomedical research, drug discovery & development, and healthcare from around the world.
Read more about this annual precision medicine event at https://www.bio-itworldexpo.com/