GenoMed Inc. (GMED)

[goldenstone77]

Obama backs personalized medicine:

from: http://www.glgroup.com/News/Obama-Backs-Personalized-Medicine-29947.html

"Obama's election bodes well for diagnostic test manufacturers and commercial reference labs that provide "personalized medicine" diagnostics that link the right patient with the right therapy."

"Obama has supported personalized medicine and as a senator introduced legislation that would enhance its progression through better coordination between Federal agencies and increased funding. House of Representative Patrick J. Kennedy, D-R.I. has introduced legislation in the House that uses the Obama bill as its foundation."

**Cramer talks personalized medicine recently and discusses the merger and acquisition activity in the sector: http://www.cnbc.com/id/28813740

**An article released recently on personalized health care: "Deloitte Center for Health Solutions found significant opportunities for the adoption of personalized medicine to produce a positive return on investment across key stakeholders in the U.S. health care system."

"Personalized medicine is not a promise of the future; it is fast emerging as the current state in diagnostics and therapeutics," said Terry Hisey, vice chairman and U.S. industry leader for Deloitte LLP's Life Sciences industry group."

http://www.cnbc.com/id/28873350

**pursuit of "personalized medicine" is expected to get a major push
from: http://www.boston.com/news/nation/articles/2008/11/29/personalized_medicine_may_get_a_boost/

Now the pursuit of "personalized medicine" is expected to get a major push from the incoming administration of President-elect Barack Obama. As a senator, Obama introduced legislation to coordinate the sometimes conflicting policies of government agencies and provide more support for private research. He remains keen on the idea.

"The president-elect has indicated his support for both advancing personalized medicine and increasing [research] funding," said Representative Patrick J. Kennedy, Democrat from Rhode Island, who has introduced legislation in the House that builds on Obama's.