The £300 million genome research announced by the Prime Minister will make chemotherapy "a thing of the past", according to one medical expert.
Professor Jeremy Farrar, director of health charity the Wellcome Trust, believes genome sequencing has the potential to transform medicine.
It's actually happening now, in small ways. If you go into a hospital with lung cancer, for instance, that cancer will be sequenced.
Twenty years from now academics and industry will have developed therapies which will be targeted at you and specific forms of cancer.
We will look back in 20 years time and the blockbuster chemotherapy drugs that gave you all those nasty side effects will be a thing of the past.
More top news
More than 20 people are feared injured after a British millionaire crashed his supercar into a crowd at a motor show in Malta.
Police snipers have been seen on Manchester rooftops during the Conservative Party conference.
Great British Bake Off favourite Nadiya Hussain has revealed that her son is sick and has been watching her from his hospital bed.