Aspire Universal Launches $300 Million Precision Medicine Fund Focused on Personalized Devices and Medical Practices

TEL AVIV, Israel and NEW YORK and LANCASTER, Pa., April 24, 2018 (GLOBE NEWSWIRE) -- Today, Aspire Universal announced the establishment of the Aspire Ventures Precision Medicine Fund (AVP) to accelerate innovation for personalized devices and medical practices. Precision medicine is one of the most important transformations ever to come to medicine, and by shifting away from one-size-fits-all solutions, precision medicine offers personalized solutions that deliver better experiences and better outcomes at a lower cost. The AVP invests in devices and therapies that leverage AI and IoT to deliver affordable solutions at a massive scale that take into account each individual's DNA, microbiome, biochemistry, and lifestyle. The mission of the AVP is to transform and improve population health by leveraging AI and IoT to develop cutting-edge precision medicine technologies that could have a national, or even global, impact. The fund aims to achieve this goal by greatly accelerating the time-to-market for highly innovative and transformative personalized healthcare solutions – which are the foundation of precision medicine – while maximizing the potential market success rate of those solutions.