Digital health is an important area of focus for Samsung. The company already provides several products and services in this space, including wearable devices, and a robust platform in Samsung Health.\n<\/p>\n
The company’s latest investment in a US-based genomics technology company may highlight on Samsung intends to evolve its future offerings in this space.\n<\/p>\n
\nThis has the potential to unlock new synergies across healthcare\n<\/p>\n
Samsung Electronics announced<\/a> today that it has made a $175 million investment in US-based Element Biosciences. It has now become the company’s largest shareholder. Samsung previously invested in this company’s Series D funding round two years ago.\n<\/p>\n Element Biosciences is working on next-generation DNA sequencing and multiomics platforms that will be used for biomedical and clinical research, drug discovery, and other life sciences. For Samsung, this investment is a way to further expand its footprint in digital health and precision medicine technologies.\n<\/p>\n TM Roh, co-CEO of Samsung Electronics, said that this investment and Samsung’s expertise in AI and digital health will \u201ccreate synergies that will help shape the future of personalized medicine.\u201d\n<\/p>\n Samsung’s health offerings are increasingly taking on a predictive and preventative approach to wellness. It’s infusing AI in its products and services<\/a> to utilize data generated through wearables and other devices to provide tips and guidance for better wellness outcomes.\n<\/p>\n The company is also conducting research studies alongside medical experts on various topics, such as the ability of its wearables to predict fainting<\/a> or track muscle loss during GLP-1 treatments<\/a>. This investment could result in technologies that make their way in future Samsung products that further improve wellness outcomes for users.<\/p>\n","protected":false},"excerpt":{"rendered":"Digital health is an important area of focus for Samsung. The company already provides several products and services…\n","protected":false},"author":2,"featured_media":493089,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[103,397,396,61,60,6375,77202],"class_list":["post-493088","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-health","tag-health-care","tag-healthcare","tag-ie","tag-ireland","tag-samsung-electronics","tag-samsung-health"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/493088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=493088"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/493088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/493089"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=493088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=493088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=493088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}