- Sector
- Healthcare
- Industry
- Biotechnology
- Address
-
- IPO Date
- Sep 25, 2013
- Business
- Foundation Medicine, Inc. (FMI) develops, manufactures and sells comprehensive genomic profiling tests based on next-generation sequencing technology for solid tumors, hematologic malignancies and sarcomas to inform precision oncology treatment decisions. The company's core products include FoundationOne CDx, a tissue-based companion diagnostic assay approved for multiple tumor types such as ovarian, lung, breast, colorectal and melanoma cancers; FoundationOne Liquid CDx, a blood-based liquid biopsy test analyzing over 300 cancer-related genes; FoundationOne Heme for hematologic malignancies; and FoundationCore, a database of more than 300,000 anonymized genomic profiles across over 150 cancer subtypes. It also offers molecular insights platforms and biopharma services to support clinical trials and drug development. FMI, founded in 2010 and headquartered in Boston, Massachusetts, operates as an independent affiliate of Roche following the Swiss company's complete $2.4 billion acquisition of the remaining shares in 2018, with additional locations across North America and Germany. Recent developments include achieving a historic milestone of 100 approved and actionable companion diagnostics in December 2025; expanding partnerships such as with Sequanta for technology transfers of FoundationOne Liquid CDx in 2023 and CDx in 2024, Massive Bio to enhance clinical trial access, and Manifold to integrate AI analytics into FoundationInsights; and awarding grants to address disparities in biomarker testing for breast and prostate cancers.