Samsung preps for medical revolution
"I patented several biomedical sensor systems years ago," said analyst Doherty. "Dealing with the FDA and many overseas regulators is very different than anything my science and engineering training prepared me for," he said.
Handling regulators is likely to be a hurdle for every medical wannabe from the smallest Kickstarter startup to consumer giants such as Samsung. "Philips, GE and Siemens employ large contingents of tech-savvy people just to interface with those agencies," said Doherty.
Jones said medical revolutionaries have some unique weapons. Startup Scanadu pre-sold its device on Indegogo and with each sale customers had to agree to be part of a clinical trial. The $1.34 million it raised broke the record for the crowdsourcing site.
Samsung's Simband includes a 14 x 34mm GHz-class SoC with two ARM Cortex A7 cores, WiFi and Bluetooth.
Privacy is the other big challenge. "Trust is there until broken, and once broken is never the same again," said analyst Doherty.
The problem is compounded by the fact the new gadgets and services run on wireless networks. "Anything wireless is also open for signal interception or interference," said Doherty. "Also, clinics and hospitals have strict RF signaling rules," he added.
For his part, Sohn compared Samsung's planned services to a bank that stores and secures personal medical data that consumer can access and share whenever they like with whomever they want.
"You can be responsible for your bioinformatics," noted Sohn, repeating one of the big promises he and many other digital medical entrepreneurs say will come with the revolution.
- Rick Merritt
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