Owkin unveils new insights into the opportunities and challenges for digital pathology and AI solutions in healthcare
Owkin, the first end-to-end AI-biotech that uses cutting-edge AI to unlock precision drug discovery, development, and diagnostics, has launched its latest report, State of the Nation: Opportunities and Challenges for Digital Pathology and AI Solutions, exploring the evolving landscape of digital pathology and AI in healthcare across the United States, United Kingdom, and France.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241212654982/en/
Conducted in partnership with Censuswide, the research highlights challenges that pathologists and oncologists face around increasing workloads, complexity of diagnoses, and burnout. It also underscores the potential of AI to enhance patient care, streamline workflows, and improve access to diagnostics amid the growing demand for personalized therapies for complex diseases like cancer.
Meriem Sefta, Chief Diagnostics Officer at Owkin, said: “When doctors are overworked, it can cause diagnostic errors, delays in reporting, and overall reductions in the quality of care. This can then negatively affect patient outcomes. Digital pathology and AI are poised to make a real difference in this context, relieving this burden on pathologists and ensuring patient care is always as effective as possible.”
Addressing burnout in the industry
The survey reveals a number of current pain points in the diagnostic process, including issues related to operations, workload, ways of working, burnout, and stress. The report revealed that 55%of pathologists and oncologists experience high stress or burnout, with 52% citing a heavy workload as a significant burden. Nearly half (40%) even rated their mental health as neutral to poor due to their jobs.
Rising cancer incidence and the increasing complexity of diagnoses exacerbate these pressures, with many pathologists nearing retirement and fewer entering the field. Burnout and mental health issues don’t just affect healthcare professionals – it has significant implications for patients, with 35% of responses indicating that the burdens they face are detrimental to patient care. Nearly 40% said they couldn’t get pathology test results quickly enough and could not see or help as many patients as they'd like.
By reducing testing times and facilitating precision medicine, AI and digital pathology can potentially improve access to care, especially in underserved regions. However, pathologists and oncologists stress that technological solutions must complement, not replace, human expertise.
AI’s transformative potential
Digital pathology, accompanied by AI solutions, has the potential to revolutionize the field and alleviate pressure on pathologists. By streamlining the testing process and automating routine tasks, labs can reduce waiting times, enable faster analysis and delivery of results, and resolve delays that often hinder patient care.
Encouragingly, 77% of surveyed professionals believe AI can cut test waiting times and address staffing challenges, while 74% see its potential to accelerate oncological diagnostics. Trust in AI is also growing, with 82% of pathologists expressing confidence in AI tools and 70% believing their patients are comfortable with its use.
AI-powered tools offer the potential to enhance biomarker screening, prioritize urgent cases, and provide new insights into patient outcomes and treatment responses, but survey respondents emphasized the need for clear clinical evidence and successful trials to drive adoption. Integration of AI tools is further slowed by barriers such as insufficient IT resources and infrastructure (43%), the cost of digitization and AI technology (23%), and lack of funding (23%) have slowed the adoption of digital pathology and AI solutions.
The future of pathology depends on embracing AI and digital technologies to enhance patient care and streamline workflows, as well as overcoming challenges around funding and implementation. The demand for accurate and timely pathology solutions is rapidly growing, and AI is poised to catalyze digital pathology adoption.
The way forward
Owkin is at the forefront of digital pathology innovation with solutions like MSIntuit CRC and TLS Detect. This report highlights key steps to advance digital pathology and AI adoption, including standardizing imaging protocols and workflows for interoperability, enhancing accessibility with cloud-based solutions, building trust through education on AI’s capabilities, and revising reimbursement models to incentivize innovation.
In a world increasingly dependent on technology to transform our ways of working, understanding how pathologists and oncologists can adopt AI products into their day-to-day work will be critical in generating more accurate insights that can enhance cancer diagnostic accuracy and ultimately lead to better patient outcomes.
On December 9th, Owkin hosted a webinar round table with expert panelists from UK, US, and France to dive into the context of the results from the survey report and unpack the state of play of digitization and integration of AI solutions into pathology workflows. A replay of the webinar and the full report can be found here.
About Owkin
Owkin is the first end-to-end AI biotech company on a mission to understand complex biology and ensure every patient gets the right treatment. We identify precision therapeutics, de-risk and accelerate clinical trials and develop diagnostics using AI trained on world-class patient data through privacy-enhancing technologies. We merge wet lab experiments with advanced AI techniques to create a powerful feedback loop for accelerated discovery and innovation in oncology, cardiovascular, immunity and inflammation. Owkin also founded MOSAIC, the world’s largest spatial multi-omics atlas for cancer research across seven cancer indications. Owkin has raised over $300 million through investments from leading biopharma companies, including Sanofi and BMS, and venture funds like F-Prime, GV and Bpifrance, among others.
About the research
The research, comprising 10 multiple-choice and open-answer questions, was conducted by Censuswide with 312 Pathologists & Oncologists across the United Kingdom, United States, and France in July 2024. Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles and are members of The British Polling Council.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241212654982/en/
Contacts
Press Contact: owkin@brands2life.com
(c) 2024 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Seoul Semiconductor: Philips Lighting Products Ordered to Recall 7-Year-Old Items26.12.2024 08:00:00 CET | Press Release
The German District Court of Düsseldorf, on November 19 ruled in favor of Seoul Semiconductor (KOSDAQ:046890) in the patent infringement lawsuits, and also ordered that products manufactured by Philips Lighting and sold since March 2017 be recalled and destroyed. The Court also ruled that a fine of up to €250,000 would be imposed for each violation of this order. On December 17, the German Federal Patent Court also affirmed the validity of these patents, which solidifies the strength of many related patents. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241225151382/en/ Application Examples with CRI 70 or Higher (Photo: Seoul Semiconductor) These court orders relate to the core technology used to achieve CRI 70 (Color Rendering Index 70%) or higher, applicable to all home lighting, automotive lighting products, IT flash, and backlights. Since the effects of these judgments are applicable to all products infringing on the pa
ispace-EUROPE and the Italian Space Agency (ASI) Sign Payload Services Agreement to Transport a Laser Retroreflector Array (LaRA2) on the Moon Surface26.12.2024 08:00:00 CET | Press Release
ispace EUROPE S.A. (ispace-EUROPE), the Luxembourg-based subsidiary of ispace, inc., and the Italian Space Agency (ASI) have signed a payload services agreement to transport a Laser Retroreflector Array (LaRA2) to enable accurate position measurements on the Moon via laser ranging experiments, the two organizations announced today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241225137548/en/ The shape of LaRA2, a palm-sized dome (Photo: Business Wire) The agreement marks the first full-scale contract between ispace-EUROPE and ASI, with both organizations looking to joint future lunar development. LaRA2 is a small, robust, and lightweight instrument built to work without any power source and to survive the harsh surface conditions on the Moon for an extended period of time. It features a precise array of retroreflectors (corner cube prisms) designed to reflect laser beams directly back to their source, regardless of the an
Datopotamab Deruxtecan Application in the EU for Patients with Advanced Nonsquamous Non-Small Cell Lung Cancer Voluntarily Withdrawn24.12.2024 08:00:00 CET | Press Release
Daiichi Sankyo (TSE: 4568) and AstraZeneca (LSE/STO/Nasdaq: AZN) have voluntarily withdrawn the marketing authorization application (MAA) in the EU for datopotamab deruxtecan (Dato-DXd) for the treatment of adult patients with locally advanced or metastatic nonsquamous non-small cell lung cancer (NSCLC) based on the TROPION-Lung01 phase 3 trial. The decision to withdraw the MAA was informed by feedback from the Committee for Medicinal Products for Human Use of the European Medicines Agency (EMA). Daiichi Sankyo and AstraZeneca will continue to work to bring datopotamab deruxtecan to patients with lung cancer in the EU who can benefit and are committed to unlocking the potential of this medicine in lung cancer through our robust clinical development program which includes seven pivotal trials in various lung cancer settings. Datopotamab deruxtecan is a specifically engineered TROP2 directed DXd antibody drug conjugate (ADC) discovered by Daiichi Sankyo and being jointly developed by Dai
Vertex to Present at the 43rd Annual J.P. Morgan Healthcare Conference on January 1323.12.2024 22:05:00 CET | Press Release
Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today announced that Dr. Reshma Kewalramani, Chief Executive Officer and President, will present at the 43rd Annual J.P. Morgan Healthcare Conference on Monday, January 13, 2025 at 10:30 a.m. ET/7:30 a.m. PT. A live webcast of management's remarks will be available through the Vertex website, www.vrtx.com in the "Investors" section under the "News and Events" page. A replay of the conference webcast will be archived on the company's website. About Vertex Vertex is a global biotechnology company that invests in scientific innovation to create transformative medicines for people with serious diseases. The company has approved medicines that treat the underlying causes of multiple chronic, life-shortening genetic diseases — cystic fibrosis, sickle cell disease and transfusion-dependent beta thalassemia — and continues to advance clinical and research programs in these diseases. Vertex also has a robust clinical pipeline of investigational
Perma-Pipe International Holdings, Inc. Announces Third Quarter Financial Results23.12.2024 18:43:00 CET | Press Release
Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the second quarter and fiscal year-to-date period ended October 31, 2024. "Net sales for the third quarter were $41.6 million, a decrease of $4.1 million, as compared to the same quarter last year. Net income attributable to common stock of $2.5 million was an increase of $0.5 million, or 29%, compared to $1.9 million in the third quarter of 2023. For the nine months ended October 31, 2024, net sales of $113.4 million represent an increase of 3% compared to the nine months ended October 31, 2023. The net income attributable to common stock of $7.2 million was an increase of $5.4 million, or 294%, compared to net income attributable to common stock of $1.8 million in the nine months ended October 31, 2023,” noted President and CEO David Mansfield. “Backlog in the third quarter shows considerable growth and now stands at $114.2 million. This is the equivalent to approximately nine months revenue
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom