As Revenues Continue to Rise, Foundation Medicine Looks to Expand Test, Enable Outcomes Monitoring | GenomeWeb

Foundation Medicine reported after the close of the market yesterday that its fourth quarter revenues climbed 87 percent to $9.7 million from $5.2 million in the fourth quarter of 2013, and it reported results from more than 3,750 of its cancer tests during the quarter.

The Cambridge, Mass.-based cancer genomic analysis firm launched its next-gen sequencing-based solid tumor test, FoundationOne, which screens over 200 cancer-related genes last year, and launched a second product, FoundationOne Heme, for blood-based cancers last December.

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