Foundation Medicine rides tailwinds of successful Q4 2014

Michael Pellini, CEO of Foundation Medicine

Foundation Medicine ($FMI) has been on an upward trajectory as of late, inking deals with Big Pharma and expanding the reach for its gene-profiling technology. The company's hard work appears to be paying off, as Foundation's Q4 2014 revenues rose 93% to $18.7 million and oncologists ordered 7,233 of its clinical tests, compared to 3,752 tests ordered during the same quarter last year. Recent milestones, including its collaboration with diagnostics luminary Roche ($RHHBY), will "strengthen all aspects" of the company's business in the coming year, CEO Michael Pellini said in a statement. Statement

Suggested Articles

J&J’s Ethicon unit received an FDA clearance for its Vistaseal applicators that spray a biologic sealant from Grifols to help stem surgical bleeding.

Bio-Techne’s urine test has received a breakthrough device designation from the FDA for ruling out unnecessary tissue biopsies.

Qiagen launched a one-stop shop compiling publicly available genomic data, scientific literature and phenotypic information on potential superbugs.