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Roche Could Repeat Genentech Success With Foundation Medicine Partnership

Foundation Medicine gets a $400 million cash infusion to continue its cancer diagnostic R&D while Roche acquires a majority interest in the company and will use its products to guide and optimize its clinical trials for cancer immunotherapies.

Roche’s move to purchase a majority interest in cancer diagnostics firm Foundation Medicine Inc. bears some of the markings of its early relationship with Genentech Inc. and suggests that just as it used the big biotech to cement its leadership in oncology, it intends to remain a major force in the diagnostics field as well.

The arrangement with Genentech, of course, ended up with Roche acquiring full ownership of the big biotech – and some...

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