MedTechIQ_3Helix InSight Engine-Beta
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Triple Helix Discovery Engine
*Driving Forces: Market Research, Intelligence, Analysis, Datapoints, Databases & Trends
2025: *Precision Medicine Software Market projected to reach $5.66 billion by 2033 at a CAGR of 11.8%
FOUNDATION MEDICINE, INC. (NASDAQ:FMI)
Organization & Developments: Foundation Medicine
Parents
FOUNDATION MEDICINE, INC. (NASDAQ:FMI)
Children
2010: Foundation calls itself a “personalized cancer medicine company that aims to bring comprehensive cancer genome analysis to routine clinical care.” (2010)
2011: Novartis, Foundation Medicine in deal (2011)
2012: Foundation Medicine and Sanofi Form Cancer Discovery Pact
2012: More than 400 physicians in 16 countries have ordered the test since its June 2012
2012: N-of-One Names CEO, Forms Pact With Foundation Medicine (2012)
2012: The company also has research alliances with Celgene (NASDAQ: CELG), Novartis (NYSE: NVS), and Johnson & Johnson (NYSE: JNJ)
2014: Foundation Medicine CEO sees no competition in cancer gene test market
2019: VA_Q--Genomic Sequencing Services_Foundation Medicine
2020: Foundation Medicine wins FDA OK for pan-tumor test as liquid biopsy market heats up
2021: Foundation Medicine to integrate with Epic to streamline clinical insights
2022: Progress report: Integrating genetic data with EHRs
At $5,800 per use, the CLIA-certified test is a unique mix of genetic sequencing and data gathering, and can ferret out a substantial number of genetic alterations for 200 cancer-related genes.
Foundation aims to develop personalized cancer diagnostics based on new understanding of genomics.
Foundation’s technology platform uses high-throughput DNA sequencing to analyze cancerous tissues for alterations in more than 200 genes.
FOUNDATIONONE LIQUID CDX
Identify genetic biomarkers for oncology drug candidates, and potentially develop companion diagnostics that would help match the right patients with the right drugs.
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*Key People: Foundation Medicine
Finance & Acquisition: Foundation Medicine