Oncoshot Receives Funding To Expand Cancer Data Sharing Capabilities For Hospitals and Industry
Summary
Presently, four hospital networks over three cities in India and networks of more than 20 hospitals in Oceania are due to set up nationwide public-private clinical trial ecosystems like Singapores Project EISE.On top of identified gaps in clinical research, data sharing continues to be encumbered amongst healthcare systems and industry collaborators. Mr Anvesh Ramineni, managing director at the global venture capital firm, will be joining the board in guiding Oncoshot as it grows as an equitable first-in-class health insights exchange platform for cancer clinical trials. "Globally, cancer clinical trials lose an average of USD35 billion per annum due to inefficient processes that arise from the unique nature of oncology research. When patients progress through the disease or pass on, studies lose out on potential trial participants.Oncoshot aims to eliminate this problem by working closely with clinical partners to enhance their health records using artificial intelligence and machine learning which will provide real-time insights to researchers and industry.Oncoshot was founded in 2018 by Dr Huren Sivaraj, a medical oncologist, and Ruslan Enikeev, a data science engineer. Oncoshots mission is to help oncologists identify cancer clinical trials more efficiently and effectively for patients and their caregivers by supporting hospitals and research partners.