In more, or less, cheery news (depending on your point of view), the NHS sold our data to a bunch of data slurpers for a load of shares that have turned out to be worthless
Yeah, we got to nine 9 today at 1:45 pm.
[EDIT] No, we have just got another 2, taking today's total to 11. Bye Bye Boris.
Seven NHS hospital trusts in the UK including world-renowned pediatric hospital Great Ormond Street appear to have lost millions of pounds following deals with an AI startup that has since delisted from AIM, part of the London Stock Exchange.
The company, Sensyne Health, is a fledgling AI business trying to discover and develop new medicines.
The NHS hospitals – Great Ormond Street Hospital; Somerset NHS Foundation Trust; University of Oxford and Oxford University Hospital; Chelsea and Westminster Hospital NHS Foundation Trust; Milton Keynes University Hospital; Royal Wolverhampton NHS Foundation Trust; and Hampshire Hospitals Foundation Trust – were among those that had signed Strategic Research Agreements (SRA) with the UK startup which involved sharing patient health records in exchange for shares in the company.
The series of deals with healthcare and research organizations were intended to see "de-identified" health records of 12.1 million patients in the UK used to "carry out research with the potential of providing new understanding and treatments for various diseases."
Sensyne's shares were delisted from AIM in May, after the agreement of a financing deal which saw the introduction of a new management team.
At least seven trusts, including Great Ormond Street Hospital, have lost out after striking deals they thought would be worth millions of pounds in exchange for sharing patient data. At the time Sensyne Health was delisted, loan notes were offered at a conversion price of 0.8 pence per share.
In a statement shared with The Register, Somerset NHS Foundation Trust said that under its deal, announced in 2020, a total of 1,428,571 shares were issued at a notional value 175p per share, or about £2.5 million (c $3 million).
According to the Health Service Journal, more than 1 million data items have been shared under the agreements during the last two years.
FYI, there is a lot of work on re-Identification. This is a review from 2011, which demonstrates its potential but shows the lack of data. There has been a lot of work since, I have not found a good review. This shows a method of quantifying it, this a way to do it from ECG's which is a bit scary. This is using a GAN which is "cool".The company, Sensyne Health, is a fledgling AI business trying to discover and develop new medicines.
The NHS hospitals – Great Ormond Street Hospital; Somerset NHS Foundation Trust; University of Oxford and Oxford University Hospital; Chelsea and Westminster Hospital NHS Foundation Trust; Milton Keynes University Hospital; Royal Wolverhampton NHS Foundation Trust; and Hampshire Hospitals Foundation Trust – were among those that had signed Strategic Research Agreements (SRA) with the UK startup which involved sharing patient health records in exchange for shares in the company.
The series of deals with healthcare and research organizations were intended to see "de-identified" health records of 12.1 million patients in the UK used to "carry out research with the potential of providing new understanding and treatments for various diseases."
Sensyne's shares were delisted from AIM in May, after the agreement of a financing deal which saw the introduction of a new management team.
At least seven trusts, including Great Ormond Street Hospital, have lost out after striking deals they thought would be worth millions of pounds in exchange for sharing patient data. At the time Sensyne Health was delisted, loan notes were offered at a conversion price of 0.8 pence per share.
In a statement shared with The Register, Somerset NHS Foundation Trust said that under its deal, announced in 2020, a total of 1,428,571 shares were issued at a notional value 175p per share, or about £2.5 million (c $3 million).
According to the Health Service Journal, more than 1 million data items have been shared under the agreements during the last two years.
Spoiler A picture from the last one :
Yeah, we got to nine 9 today at 1:45 pm.
[EDIT] No, we have just got another 2, taking today's total to 11. Bye Bye Boris.
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