A Random Encounter for Digital Therapeutics

HealthBeacon President of Partnerships, Dave Shanahan was part of the HealthBeacon team that participated in the JP Morgan Healthcare Conference in San Francisco in mid-January. This event brought together biopharmaceutical industry executives and digital therapeutic innovators from all over the world, and led to an educational encounter between Dave and Rob Wright, Chief Editor of Life Science Leader online magazine.

Wright, wrote about the encounter as part of a blog series on the conference entitled “Connectivity- The Beauty of JPM and BTS”. He writes, “one of the more intriguing experiences took place at the Biotech Showcase. Grabbing a quick breakfast, I sit down at a table occupied by Dave Shanahan, president of partnerships for HealthBeacon, a medication-adherence technology company based in Dublin, Ireland. Shanahan gets me up to speed on the company’s first product, a smart sharps bin, as well as their current project, a tool to help automate medication compliance. According to Shanahan, there are over two billion cases of poor medication adherence each year, which costs patients and societies about $290 billion — annually! “The most expensive medication is the one not taken,” he notes. With the push by insurance companies and governments to provide better patient outcomes, it seems HealthBeacon has landed on some simple solutions that might help.”

Events like the JP Morgan conference bring together influential thought leaders from all over the world. Meetings of these industry leaders will help drive real world evidence of connected medicine and redefine the future of Digital Therapeutics.

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