Company Directory > Diagnostics > Foundation Medicine, Inc.
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Foundation Medicine is a global, patient-focused precision medicine company that develops, manufactures, and sells comprehensive genomic profiling (CGP) assays. By leveraging next-generation sequencing (NGS) technology, the company provides diagnostic solutions for solid tumors, hematologic malignancies, and sarcomas, helping oncologists match patients with targeted therapies, immunotherapies, and clinical trials. As an independent affiliate of the Roche Group, Foundation Medicine integrates its vast genomic database with clinical data to support drug development and real-world evidence research. The company is a leader in the precision oncology space, continuously expanding its portfolio with AI-powered digital solutions and advanced monitoring tools like molecular residual disease (MRD) testing.
CLASSIFICATION
Company Type:Diagnostics
Therapeutic Areas:
Industry:Biotechnology
Sub-Industry:Oncology Diagnostics
SIZE & FINANCIALS
Employees:1001-5000
Revenue:$150M-$200M (Historical)
Founded:2010
Ownership:subsidiary
Status:operating
FUNDING
Total Raised:$96.5M
Investors:Third Rock Ventures, Google Ventures, Casdin Capital, Deerfield
PIPELINE
Stage:Commercial
Lead Drug Stage:N/A
Modalities:Genomic Profiling, Liquid Biopsy, Molecular Diagnostics
Active Trials:0
Trial Phases:-
FDA Approvals:2
EMA Approvals:0
CORPORATE STRUCTURE
Parent Company:Roche
Acquired By:F. Hoffmann-La Roche Ltd (2018-07-01)
Key Partnerships:Roche (Parent), ConcertAI (Data integration), Sumitomo Pharma (CDx development), NCI-Led Cancer Therapy Combination Initiative
COMPETITION
Position:Leader
Competitors:Guardant Health, Natera, Caris Life Sciences, Delfi Diagnostics
LEADERSHIP
Key Executives:
Dan Malarek - CEO
Lucas Dennis - Senior VP, Head of R&D
Annie Murphy - Chief Commercial Officer
Scientific Founders:Todd Golub, Levi Garraway, Eric Lander
Board Members:Cindy Perettie (Chairman)
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