What is Foundation Medicine test?

What is Foundation Medicine test?

The testing offered by Foundation Medicine is a type of genomic testing called comprehensive genomic profiling (CGP). It looks for mutations in over 300 genes in the tumor with one sample. The mutations in the tumor are what may impact tumor growth, spread, and response to therapy.

Is Foundation Medicine a laboratory?

About Foundation Medicine Foundation Medicine's first laboratory developed test, based on a next-generation sequencing platform, is designed to accommodate a broad landscape of cancer genome information and a growing repertoire of targeted treatments and clinical research opportunities.

What is Foundation Medicine worth?

The transaction is valued at $2.4 billion, and the total company is valued at $5.3 billion on a fully diluted basis. The merger agreement was approved unanimously by Roche's board, a special committee of independent directors of Foundation Medicine, and Foundation's full board with Roche members abstaining.

Does Roche own Foundation Medicine?

Roche to acquire a majority interest in Foundation Medicine of up to 56.3% on a fully diluted basis through a tender and acquisition of newly issued shares. Roche will tender for approximately 15.6 million Foundation Medicine shares at USD 50 per share with an aggregate tender value of approximately USD 780 million .

Is foundation one covered by insurance?

All Foundation Medicine tests are covered by Original Medicare and Medicare Advantage for qualifying beneficiaries. FoundationOne CDx is also covered by TRICARE for qualifying patients.

What is Foundation Medicine CDx?

FoundationOne CDx is the first FDA-approved tissue-based broad companion diagnostic (CDx) that is clinically and analytically validated for all solid tumors.

Is Foundation Medicine a non profit?

Foundation Medicine, Inc. is an American company based in Cambridge, Massachusetts which develops, manufactures, and sells genomic profiling assays based on next-generation sequencing technology for solid tumors, hematologic malignancies, and sarcomas....Foundation Medicine.

Type	Subsidiary
Website	foundationmedicine.com

How much does Foundation one cost?

The list price of FoundationOne® and FoundationACT® are $5,800, and the list price of FoundationOne Heme is $7,200. These are the amounts that are billed to your insurance. If you are uninsured, or if you have insurance and cannot afford the applicable out-of-pocket cost, you have options.

When did Roche buy Foundation Medicine?

Roche first bought a 56 percent stake in FMI for $1 billion in 2015, so it has already seen the investment grow in value. But it has a long way to go match the value creation achieved at Genentech, where Roche bought 60 percent of the company for just $2.1 billion in 1990 and enjoyed a string of blockbuster drugs.

When was Foundation Medicine acquired?

On J, Roche announced that it has agreed to acquire Foundation Medicine (FMI), a molecular information company focused on cancer care based in Cambridge, MA, in a deal worth $2.4 billion.

What does Foundation Medicine mean?

• In general, medical foundations are a mechanism allowing hospitals and certain other health care entities to create nonprofit legal entities to employ physicians or certain other health care providers. Medical foundations provide more flexibility for hospitals seeking to directly employ physicians and other providers.

What is Foundation and what does it do?

• Foundation is a multi-coloured makeup applied to the face to create an even, uniform colour to the complexion, to cover flaws and, sometimes, to change the natural skintone. Some foundations also function as a moisturizer, sunscreen, astringent or base layer for more complex cosmetics.

What is the foundation of medical care?

• Foundation for medical care. is a PPO (preferred provider organization) sponsored by a state or local medical associated concerned with the development and delivery of medical services and the cost of health care. The first foundation for medical care was established in 1954 in Stockton , California.

What is a foundation doctor?

• A Foundation doctor (FY1 or FY2 also known as a house officer) is a grade of medical practitioner in the United Kingdom undertaking the Foundation Programme – a two-year, general postgraduate medical training programme which forms the bridge between medical school and specialist/general practice training.