Roche Holding to pay $1.03 billion for stake in Foundation Medicine

January 12, 2015 12:41 PM

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Roche Holding to pay $1.03 billion for stake in Foundation Medicine

Proposed pact highlights genetic diagnostics in cancer treatment

Roche Holding AG agreed to pay $1.03 billion for up to a 56.3% stake in Foundation Medicine Inc. FMI, +3.37% in a collaboration that underscores the growing importance of genetic diagnostics in the treatment and development of drugs for cancer.

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