Horizon Therapeutics and Massachusetts Institute of Technology (MIT) Solve Announce Second Annual Horizon Prize to Inspire Solutions that Improve the Quality of Life for the Global Rare Disease Community

Rhea-AI Summary

Horizon Therapeutics plc (Nasdaq: HZNP) launched the second annual global innovation challenge, The Horizon Prize, to address challenges faced by over 400 million individuals living with rare diseases. This year's question focuses on enhancing the quality of life for these patients. Up to two winners will receive a total of $150,000 in funding. Past winners developed solutions to improve access to care. The initiative aims to inspire global innovators to create impactful solutions that empower patients and improve healthcare accessibility.

Positive

• Launch of The Horizon Prize encourages global innovation for rare diseases.
• Total funding of $150,000 available to support innovative solutions.
• Previous winners contributed to improved access to care for rare disease patients.

Negative

• None.

DUBLIN--(BUSINESS WIRE)-- Horizon Therapeutics plc (Nasdaq: HZNP) today announced the kickoff of the second annual global innovation challenge, The Horizon Prize powered by MIT Solve.

The Horizon Prize poses a unique question to encourage entrepreneurs and innovators worldwide to think creatively to solve a problem faced by the more than 400 million people globally living with a rare disease. Up to two winners from a network of thousands of innovators, academics and inventors who submit solutions will be awarded a total of $150,000 in funding.

This year’s question, “How can we improve the quality of life of people who have been diagnosed with a rare disease?,” seeks to find solutions that empower patients with information and resources; promote community and connection; optimize holistic care that supports daily care management; improve data sharing between provider and patient; and mitigate barriers to accessing medical care after diagnosis. Participants can enter here.

“The Horizon Prize gives innovators from around the world an opportunity to develop potential solutions to improve the quality of life for people living with rare diseases,” said Tim Walbert, chairman, president and chief executive officer, Horizon. “I live with a rare disease and know that the journey toward diagnosis can be long and complex, with significant impact on the patient and family’s quality of life. Through the creativity of The Horizon Prize platform, groundbreaking ideas are given the necessary support to thrive and potentially provide life-changing intervention to the rare disease community.”

The inaugural Horizon Prize in 2021 focused on how technology can help improve access to care for those with rare diseases, and the winners – Congenica and ThinkGenetic – brought solutions that supported patients in diagnosis and accessing care.

“The first step in any health journey is diagnosis. Technology gives us the opportunity to help recognize rare diseases in patients at an earlier stage, including groups from medically underrepresented groups,” said Sandro Morganella, Ph.D., head of artificial intelligence, Congenica. “The funding we received from the Horizon Prize in 2021 allows us to expand our use of the data to diagnose rare conditions to help deliver greater health equity across the globe.”

About Horizon

Horizon is focused on the discovery, development and commercialization of medicines that address critical needs for people impacted by rare, autoimmune and severe inflammatory diseases. Our pipeline is purposeful: We apply scientific expertise and courage to bring clinically meaningful therapies to patients. We believe science and compassion must work together to transform lives. For more information on how we go to incredible lengths to impact lives, visit www.horizontherapeutics.com and follow us on Twitter, LinkedIn, Instagram and Facebook.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220419005287/en/

U.S. Media Contacts:

Catherine Riedel

Executive Director, Corporate Visibility and Media

media@horizontherapeutics.com

Ireland Media Contact:

Gordon MRM

Ray Gordon

ray@gordonmrm.ie

 

Source: Horizon Therapeutics plc

FAQ

What is The Horizon Prize by Horizon Therapeutics (HZNP)?

The Horizon Prize is a global innovation challenge aimed at finding solutions to improve the quality of life for individuals diagnosed with rare diseases.

How much funding is available for winners of The Horizon Prize 2022?

Up to $150,000 is available to be awarded to up to two winners of The Horizon Prize.

What is the focus of The Horizon Prize in 2022?

The focus is on how to improve the quality of life for people diagnosed with rare diseases.

Who can participate in The Horizon Prize competition?

Entrepreneurs and innovators from around the world are encouraged to submit their solutions.

What were the results of the inaugural Horizon Prize in 2021?

The inaugural Horizon Prize in 2021 awarded winners who provided innovative solutions for improving access to care for rare disease patients.