The Emerging Role of Technology Companies in the Life Science Marketplace, and It’S Ethical and Compliance Implications

The Emerging Role of Technology Companies in the Life Science Marketplace, and It’S Ethical and Compliance Implications

The Emerging Role of Technology Companies in the Life Science Marketplace, and it’s Ethical and Compliance Implications Abhiroop Gandhi ©2018 Verily Life Sciences LLC 1 Corporate Overview ©2018 Verily Life Sciences LLC 2 The Alphabet family Verily partners closely with Google teams on commercial tools and applications across the healthcare vertical. User Science Google Search, experience Cloud Advertising & Platform Maps Holistic Tools and health medical platforms Devices DeepMind YouTube Regulatory Software expertise and machine Research Android learning ©2018 Verily Life Sciences LLC 3 Our mission is to make the world's health information useful so that people enjoy healthier lives. ©2018 Verily Life Sciences LLC 4 How we achieve our mission Collect Organize Activate Verily + 3M Verily + Verily + All of Us Onduo ©2018 Verily Life Sciences LLC 5 The medtech world is moving fast. New, innovative approaches are being developed and commercialized. ©2018 Verily Life Sciences LLC 6 ©2018 Verily Life Sciences LLC 7 Key (emerging) risks 1. Black box of algorithms ©2018 Verily Life Sciences LLC 8 Key (emerging) risks 1. Black box of algorithms 2. Diagnosis inconsistencies ©2018 Verily Life Sciences LLC 9 Key (emerging) risks 1. Black box of algorithms 2. Diagnosis inaccuracies 3. Data sharing ©2018 Verily Life Sciences LLC 10 Key (emerging) risks 1. Black box of algorithms 2. Diagnosis inaccuracies 3. Data sharing 4. Liability. Who’s responsible for decisions? ©2018 Verily Life Sciences LLC 11 Key (emerging) risks 1. Black box of algorithms 2. Diagnosis inaccuracies 3. Data sharing 4. Liability. Who’s responsible for decisions? and… Ethical conundrums ©2018 Verily Life Sciences LLC 12 How should a Compliance Officer manage such risks? 1. Stay ahead ….of the business ©2018 Verily Life Sciences LLC 13 How should a Compliance Officer manage such risks? 1. Stay ahead of the business 2. Ability to see in to the future - crystal ball?? ©2018 Verily Life Sciences LLC 14 How should a Compliance Officer manage such risks? 1. Stay ahead of the business 2. Ability to see in to the future - crystal ball?? 3. Traditional risks continue of AKS, privacy breach, improper influence ©2018 Verily Life Sciences LLC 15 Guiding Principle Critically, you have to ask your organization.. It’s not “Can we do this?” ©2018 Verily Life Sciences LLC 16 Critically, you have to ask your organization.. It’s not Can we do this? But.. “Should we do this?” ©2018 Verily Life Sciences LLC 17 Thank you. ©2018 Verily Life Sciences LLC 18.

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