Cao Xuetao, president of the Chinese Academy of Medical Sciences and Peking Union Medical College and a member of the Chinese Academy of Engineering, said the initiative would comprise a series of policies and measures that are set to come out soon.
The concept of precision medicine is centered on the prevention, diagnosis and treatment strategies that take individual variability into consideration with the help of advanced technologies like modern genetics, molecular imaging and bioinformatics.
"It's of great significance for both the government and Chinese individuals, and aims to help detect the most effective treatments for individual patients and reduce the overall medical costs for the country," Cao
told China Daily in a recent interview.
For example, it would help pinpoint the right medicine for the patient, thereby preventing unnecessary drug costs, he
said each large hospital currently has a gene bank of its own patients.