Foundation Medicine, Inc.

Foundation Medicine, Inc. Overview

Company Headquarters: Massachusetts, US

Founded: 2010

Workforce: 1000+

Company Working: Foundation Medicine, Inc. (Foundation Medicine) is a molecular information company that develops diagnostic products for transforming cancer care. It provides solutions in which the treatment is backed by a deep understanding of the genomic changes that contribute to each patient’s unique cancer. Foundation Medicine offers a comprehensive portfolio of genomic profiling assays to identify the molecular alterations in a patient’s cancer and match them with the relevant targeted therapies, immunotherapies, and clinical trials.

Strategy

Foundation Medicine is focused on improving day-to-day care by catering to the needs of the clinicians, academic researchers, and drug developers to help advance the science of molecular medicine in cancer. The company is also focused on investing in research and development to launch new products in the market. It is also focused on collaborating with major pharmaceutical and medical device companies to expand in the companion diagnostics market.

Company Snapshot

1,000

Employees

2010

Founded

Massachusetts, US

Headquarters

SWOT Analysis

Strengths

Numerous partners for development of companion diagnostics
Large number of product approvals and collaborations as compared to some of the competitors
Maintenance of high quality of products

Weaknesses

Narrow product portfolio
High employee attrition rate

Opportunities

Launching new products
Investment in e-commerce platforms to strengthen product revenue

Threats

Changing competitive landscape
Rapid changes in technologies

Product Offering

Foundation Medicine, Inc.
- Genomic Testing

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