On Friday, President Obama will unveil a proposal for a federal biomedical research institute aimed at developing treatments tailored to individual patients' genetics and other characteristics. White House officials tell The New York Times that the "precision medicine initiate" will require an initial investment of $215 million, which will be included in Obama's proposed fiscal 2016 budget. Such personalized treatments are expected to be especially important in fighting cancer. When Obama broached the idea for the institute in his State of the Union address, it was one of the points to receive some bipartisan support.
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