$TEM 🔥🔥🔥Shareholder letter: "While others have been largely focused on bringing assays to market, our main focus over the past 10 years has been investing in technology and AI. If you look at the lines of code we have written, the number of software engineers we employ, or the amount of money we invest in cloud and compute, there is no comparable in diagnostics.
Those investments have allowed us to build an agentic platform that brings the benefits of AI to the over 5,000 providers that are now connected to Tempus. Not only has this allowed us to amass over 400 petabytes of multimodal data, but those investments also serve as the cornerstone of our long-term strategy to use AI to contextualize all diagnostics, helping physicians make data-driven decisions in real time.
As a result, what we can now do is pretty amazing, such as recommend alternative therapies based on prior drug regimens, match patients to clinical trials based on inclusion and exclusion criteria, close care gaps and ensure guideline adherence, run multimodal algorithms that are both predictive and prognostic, analyze time on therapy and progression-free survival for patients like the one being treated, predict IO response beyond conventional markers such as TMB and MSI status, deliver real-time insights across disease areas to better understand comorbidity, and run diagnostic algorithms at scale in adjacent medical practices, such as radiology and pathology, to further refine treatment.
Focusing on the last of those, we have long invested in digital pathology given its clinical importance. We have built hundreds of algorithms from the library of ~1 million H&E images we have digitized over the years, as we believe generating insights faster and more efficiently is important for care.
When Paige became available, we decided it was too strategic to pass up. Paige is a unique asset. Not only does it have the largest pathology library of cancer patients we know of, with ~7 million digitized slides, it was formed through a unique partnership with Memorial Sloan Kettering, who over the past decade has worked hand in hand with the Paige team to assemble millions of patients’ worth of connected clinical and pathology data."
On top of its proprietary library of slides, Paige has a state-of-the-art pathology viewer, an FDA-approved algorithm for prostate cancer with a pancancer application in flight, and the industry-leading AI foundation model. Integrating the Paige offering within the Tempus platform will allow us to provide additional actionable insights to the physicians and patients we serve."