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Roche Pushes Personalization With $2.4bn Foundation Buy-Out

 
• By Kevin Grogan

By picking up the rest of Foundation Medicine, which is now valued at $5.3bn, the Swiss giant is expanding its leadership in cancer diagnostics, genomics and molecular information for personal medicine.

Workman laying exterior paving stones in a low angle view of his gloved hands fitting a brick into a tight fitting space on a sand foundation.
Laying the foundations for personalized medicine • Source: Shutterstock

Roche's strategy of pursuing a personalized healthcare approach for its oncology drug development has moved on apace with the decision to spend $2.4bn to buy the remainder of molecular information company Foundation Medicine.

The Swiss major acquired a 56% stake in Foundation at the beginning of 2015 for $50 per share, or around...

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