ArmInfo.Armenia's Minister of Economy Vahan Kerobyan held a meeting with representatives of the BostonGene IT company.
Mr Kerobyan informed the BostonGene company delegation of the Armenian government's steps to improve Armenia's investment environment and ensure high economic indicators. Elaborating on the activities of Armenia's Ministry of Economy, Mr Kerobyan told the BostonGene representatives of the government-sponsored programmes, priorities and promotion instruments. In this context, he emphasized the economic modernization programme.
BostonGene - IT Healthcare is a Boston-based startup founded in 2015.
BostonGene's mission is to power healthcare's transition to personalized medicine using AI-based molecular and immune profiling to improve the standard of care, accelerate research, and improve economics.
The BostonGene Tumor PortraitT Test, a comprehensive integrated genomic (WES) and transcriptomic (RNA-seq) analysis of tumors and the tumor microenvironment, reveals key drivers of each tumor, including:
Immune microenvironment properties Actionable mutations Biomarkers of response to diverse therapies Recommended treatments After a comprehensive analysis, the BostonGene Tumor PortraitT Test generates a personalized roadmap for therapeutic decision-making for individual cancer patients. The company cooperates with the leading US hospitals and universities, including the NCI. The company has its branches in Armenia and Russia.
As of 2022, 901 transactions to the total amount of AMD 56bln were effected under the economic modernization programme launched in Armenia early last year.
The first component provides for compensating companies' expenses, leasing promotion, subsidizing the interest rates of loans for replacement of fixed assets, including production lines. Under the programme, in case of loan agreements, the government subsidizes 7% in AMD terms and 6%, and in case of leasing contracts, 10% in AMD terms and 8% in foreign exchange terms.
Among the potential beneficiaries are economic entities working in agricultural industry, mining, construction, telecommunication, professional and research activities, healthcare.
