The Precision Medicine Initiative (PMI) was launched in 2015 as a long-term research endeavour. It was spearheaded by the National Institutes of Health (NIH) along with various other research centres. Instead of the “one-size-fits-all” concept of healthcare delivery, the PMI is based on providing a customized solution to treatment and prevention of diseases, based on individual characteristics, like lifestyle, biology, and environmental factors.

The Precision Medicine Initiative has some short and long term goals. The short-term goal is centered on cancer research. Using precision medicine, researchers hope to find new and effective treatment options for various forms of cancer. The long-term goals of this initiative is related to improving complete healthcare of the people.