On June 13, 2016 The Multiple Myeloma Research Foundation (MMRF), a leader in precision medicine, reported that its founder, Kathy Giusti, whom Fortune recently named as one of three business leaders who are disrupting medicine, has been appointed faculty co-chair of the Kraft Precision Medicine Accelerator at Harvard Business School (HBS) (Press release, Multiple Myeloma Research Foundation, JUN 13, 2016, View Source [SID:1234513283]).
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Giusti, an alumna of HBS, will lead the Harvard Business School Kraft Precision Medicine Accelerator with HBS faculty member and co-chair Richard Hamermesh under the umbrella of the School’s Health Care Initiative. She will continue to act as a member of the MMRF Board of Directors and take an active role in the organization’s leadership.
The HBS Kraft Precision Medicine Accelerator is made possible by a $20M endowment from the Kraft Family Foundation, under the leadership of foundation President, Robert K. Kraft. The Kraft family, through its family foundation, is committed to giving back to the community. The foundation’s primary mission includes supporting education, healthcare, science, and the needs of underserved individuals.
"Precision medicine has the potential to revolutionize the way we prevent, diagnose, treat, and, ultimately, cure cancer and other devastating diseases. I look forward just as much to sharing the MMRF model as I do to learning best practices from other world-class organizations focused on this promising approach," said Ms. Giusti, who is also a multiple myeloma patient.
"The promise of precision medicine will only be realized if we abandon a siloed approach to research and work collaboratively toward a greater good – two approaches Kathy Giusti has embraced and advocated in her nearly two decades of service to the cancer community. I am certain her vision and leadership of the HBS/Kraft Precision Medicine Accelerator will greatly improve the lives of people with cancer and other diseases," said Robert Kraft.
The mission of the HBS/Kraft Precision Medicine Accelerator is to speed innovation and medical breakthroughs in precision medicine, the process by which genomic information and other unique characteristics of a person’s disease are used to predict which treatments will be most effective. The Accelerator will convene best-in-class leaders from the business, medical, scientific, and technological communities to identify and solve challenges slowing the advancement of precision medicine, disseminate best practices and models to overcome these challenges, and, ultimately, enable the faster commercialization of high-impact innovations.
"Many of the biggest challenges in advancing breakthroughs promised by precision medicine are business challenges—how to best develop and commercialize medical solutions for public benefit, and how to optimally share data, for example. HBS is uniquely positioned to address these challenges by drawing on the ingenuity and expertise of our faculty, alumni, and students, and by convening the leaders who can develop innovative new models," said HBS Dean Nitin Nohria.