Biotech Values

[honestabe13]

Dew..you mentioned FMI would never direct anybody to PPHM trials..

Of course not....they'd have to be independent and non-biased to do that, wouldn't they? for cryin' out loud...

Media Release
Basel, 12 January 2015
Roche enters a broad strategic collaboration with Foundation Medicine in the field of molecular information in oncology
Collaboration leverages both companies’ strengths to advance the progress of personalized treatments for patients with cancer
Roche to acquire a majority interest in Foundation Medicine (FMI) of up to 56.3% on a fully diluted basis through a tender and acquisition of newly issued shares. Roche will tender for approximately 15.6 million Foundation Medicine shares at USD 50 per share with an aggregate tender value of approximately USD 780 million. Roche will also invest USD 250 million in Foundation Medicine by acquiring 5 million newly issued shares at USD 50 per share.