, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
Healthcare(Healthcare & Medicine)
Filter PR by
orizon Therapeutics plc and Massachusetts Institute of Technology (MIT) Solve Announce the Launch of the Third Annual Horizon Prize
orizon Therapeutics plc and Massachusetts Institute of Technology (MIT) Solve Announce the Launch of the Third Annual Horizon Prize
Horizon Therapeutics plc and Massachusetts Institute of Technology (MIT) Solve Announce the Launch of the Third Annual Horizon Prize to Inspire Sustainable Solutions for Research and Care in the Rare Disease Community
Riyadh – April 25, 2023 – Horizon Therapeutics plc (Nasdaq: HZNP) today announced the launch of the third annual global innovation challenge, The Horizon Prize, powered by MIT Solve. 
Each year, the Horizon Prize poses a challenge question, asking entrepreneurs and innovators worldwide to think creatively to solve a relevant issue in the rare disease community. One winner will be awarded a total of $150,000 in funding. 
An estimated 85% of biomedical research funding is wasted because of inefficiencies, highlighting an opportunity to decrease waste and redundancies while increasing the impact of investments in research and development.1 This year’s question, “How can we decrease the environmental impact of the rare disease health care space and alleviate burdens for rare disease families?” seeks to find a wide variety of technology-based solutions that can address areas including, but not limited to:
• Improving the rare disease patient diagnostic journey (reducing time, cost, etc.)
• Enhancing efficiencies in clinical trials and research
• Reducing single-use products and unnecessary plastics and medical/hazardous waste throughout research and manufacturing
• Creating or promoting alternative packaging that may be reusable, recyclable or biodegradable without compromising sterility or safety
• Optimizing the transportation of supplies and treatments by addressing shipping inefficiencies, cold storage and last-mile delivery
Learn more and submit an application here by June 23, 2023.
“This year’s Horizon Prize challenges innovators to bring forward ideas that can decrease research inefficiencies while also addressing issues that rare disease patients and their caregivers face,” said Tim Walbert, chairman, president and chief executive officer, Horizon. “We have been inspired by previous winners and look forward to the ideas that this year’s participants will bring forward.”
The 2022 Horizon Prize focused on improving quality of life for those diagnosed with rare diseases. The winner, EB Research Partnership, brought a solution that addressed real-time connectivity for patients living with the rare skin disorders Epidermolysis Bullosa (EB) and served as a comprehensive, centralized platform model for the larger rare disease community. 
“The funding we received from the Horizon Prize in 2022 provided us with a great foundation to further advance a centralized platform for patients with EB and their caregivers,” said Michael Hund, chief executive officer, EB Research Partnership. “Creating a comprehensive digital platform for patients living with EB has been an important step to improving quality of life and enabling more real-time collaboration between patients, families and the health care providers who can help manage their treatment.” 

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 6118 times
PR Category : Healthcare & Medicine
Posted on : Tuesday, April 25, 2023  11:46:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : Bayzat Drives Employee Health and Wellbeing Across KSA
Next Story : Saudi Health Minister Hails WHO's 75th Anniversary
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
Formula E and Unicef to Auction Unique Sculpture Made from Broken Race Car Parts [2165-Views]
Nick Cassidy Win Clinches Teams' World Championship for Envision Racing [2117-Views]
Newly-Crowned Formula E Champion Jake Dennis says Gen3 Car Suited his Driving Style [2113-Views]
Celebs Parade the 2023 Hankook London E-Prix Grid as Jake Dennis Becomes First British Formula E Wor... [2060-Views]
Aviation and Morocco Earthquake Relief Efforts [1790-Views]
Trina Solar Empowers Saudi Arabian Desalination Plant with Vertex N 700W+ Series Modules [1699-Views]
Saudi Maritime Congress Endorsed by Global Shipping Community [1539-Views]
Formula E Highlights ‘Race to Road' Technology Transfer for World EV Day [1435-Views]
Make Beauty Fun: Embrace Your Unique Charm and Creativity [1364-Views]
Emirates Increases Flights to Riyadh for Saudi National Day [1047-Views]
Saudi Health & Post Service Transport Blood via Drones [987-Views]
TikTok Drives Impact for Mondelez in Saudi Arabia [808-Views]
Assouline Releases ‘AlUla Ever' – A Stylish Tribute to the Ancient Oasis City's Multi-Faceted Appeal [798-Views]
Own Your Magic! Elevate the Every Day to Magic with Spring/Summer Make-up by Catrice [792-Views]
W7Worldwide's Video Celebrates Saudi Arabian Youth's Role in National Development [761-Views]
ACWA Power Reports Robust Results for the First Half of 2023 [748-Views]
Unmissable Offers at Hilton Riyadh Hotel & Residences this August [735-Views]
The Royal Commission for AlUla Wins a SAG Award (GIS) [719-Views]
Samsung Galaxy Z Fold 5: Between High Productivity and Big Screen [716-Views]
"Lipton” Products in the Middle East Are Completely Safe and Fit for Consumption [712-Views]
RSS Facebook Twitter LinkedDin on Instagram
Top Sections
Top Stories