What Roche's Acquisition of Foundation Medicine Means for Investors [The Motley Fool]
FOUNDATION MEDICINE (FMI)
Last foundation medicine earnings: 5/2 04:01 pm
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US:NASDAQ Investor Relations:
investors.foundationmedicine.com
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Source: The Motley Fool
Roche makes a big bet on precision oncology. Only months after a standstill agreement between the two companies expired, biopharma giant Roche Holdings ( NASDAQOTH:RHHBY ) has agreed to acquire Foundation Medicine ( NASDAQ:FMI ) lock, stock, and barrel. Roche had already owned more than half of Foundation Medicine, so the decision to buy the company outright shows it's more confident in the future of personalized cancer treatment than ever before. Is this deal a needle-mover? In this clip from Industry Focus: Healthcare , host Kristine Harjes and Motley Fool contributor Todd Campbell discuss how this tie-up impacts investors. A full transcript follows the video. This video was recorded on June 20, 2018. Kristine Harjes: First up, Todd's going to take a victory lap for pitching Foundation Medicine, ticker FMI, as his top healthcare stock to buy last October. The stock is up 229% since then, a high-water mark it hit after the announcement on T
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