GE-Pittsburgh varsity forms new company

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GE Healthcare, a division of General Electric Company, and the University of Pittsburgh Medical Centre (UPMC) on Friday announced the formation of a new company to "improve the speed, efficiency of diagnosis and interpretation of lab results".

"The new joint company, called Omnyx, LLC, will bring to market digital solutions to shape a new age of patient care and apply those solutions to a science that has relied on glass slides and microscopes for over 125 years", GE Healthcare said in a statement.

"Omnyx is the first company in GE's history to be formed with an academic medical centre and represents an aim to accelerate ideas to market through enhanced co-development".

Omnyx's digital platform will seek to enable clinicians to share images virtually, interpret results using advanced algorithms and reduce costs associated with diagnosis. The benefit to patients could include reducing medical errors, improved turnaround time for lab results and integrating pathology information as part of his or her electronic medical record, the statement said.

GE and UPMC have appointed Gene Cartwright, a 26-year healthcare veteran and former president of GE Healthcare's molecular diagnostics, as Chief Executive Officer of Omnyx.

"This new company will revolutionse patient care and expand GE vision for early health - the ability to diagnose disease at the earliest possible stage, which in turn can lead to more effective treatment and monitoring," said Cartwright.