Foundation Medicine and Pfizer team up to develop companion diagnostics [Seeking Alpha]
FOUNDATION MEDICINE (FMI)
Last foundation medicine earnings: 5/2 04:01 pm
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Source: Seeking Alpha
Foundation Medicine and Pfizer team up to develop companion diagnosticsFoundation Medicine (NASDAQ:FMI) inks anagreement with Pfizer (NYSE:PFE) aimed at developing and commercializing companion diagnostics that will be included in updates to FMI's comprehensive genomic profiling assay for solid tumors, FoundationOne CDx.Pfizer intends to leverage FMI's platform to accelerate the discovery and development of precision oncology therapeutics.FoundationOne CDx assesses all classes of genomic alterations in 324 genes known to drive tumor growth in addition to genomic biomarkers like microsatellite instability and tumor mutational burden.Financial terms are not disclosed.Click to subscribe to real-time analytics on FMINow read:This High-Yield Blue Chip Could Be Just What The Doctor Ordered »
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