Roche Gains Majority Stake In Foundation Medicine With R&D, Commercial Partnership

Roche is investing up to $1.18 billion in the genomic analysis firm, inking a partnership focused on companion diagnostics, cancer drug development and expanded marketing of Foundation's novel sequencing-based platform.

Roche is to take a majority stake in molecular information and genomic analysis firm Foundation Medicine (FMI) in a move that could add up to a $1.18 billion investment.

"By combining FMI's pioneering approach to genomics and molecular information with Roche's expertise in the field of oncology, we can bring personalized healthcare in oncology to the next

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