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From: Boris Nikolic
To: "Jeffrey Epstein (jeevaeation@grnail.coin)" <jeevaeation@gmail.coin>
Subject: FW: Foundation Medicine Expands Series B Financing to $56 Million
Date: Tue, 08 Jan 2013 16:01:19 +0000
It is official
From: Foundation Medicine, Inc. [mailto:
Sent: Tuesday, January 08, 2013 4:34 AM
To: Boris Nikolic
Subject: Foundation Medicine Expands Series B Financing to $56 Million
c":33g(3.
Jan. 8, 2013 12:30 UTC
Foundation Medicine Expands Series B Financing to $56 Million
Bill Gates, Evan Jones and Yuri Milner Join Existing Investors; Jones Appointed to the Board
of Directors
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Foundation Medicine Inc. today announced an expansion
of its Series B financing, raising an additional $13.5 million and bringing the total raised in the round to
$56 million. The new investors include Bill Gates, Evan Jones and Yuri Milner.
"Advances in understanding the human genome are having a dramatic impact on almost every area of
medicine," said Bill Gates. "Foundation Medicine's approach in harnessing the power of genomic data
to improve care for cancer patients could represent an extremely important step forward in improving
routine cancer care. I'm happy to be supporting this quite promising approach."
Expansion of Series B Supports Continued Growth
The proceeds from the expanded Series B financing will help Foundation Medicine continue to expand
commercial operations and clinical trials, scale laboratory capabilities, and develop additional genomic
profiling and information services.
"Bill Gates, Evan Jones and Yuri Milner have each driven the widespread adoption of innovations that
continue to impact the lives of millions of people," said Michael J. Pellini, M.D., president and chief
executive officer, Foundation Medicine. "This innovation is critically important in healthcare and
medicine, which often lag behind in the adoption of new information technology. We are proud that
these individuals support the mission of Foundation Medicine as we continue to bring advanced
cancer genomics into everyday clinical practice."
Foundation Medicine's first product, Foundation0neTM is a genomic assay for all solid tumors that
analyzes tumor DNA and provides a concise report to help physicians match patients with the targeted
drugs or clinical trials best suited for their unique cancer. Launched in June 2012, FoundationOne has
been ordered by more than 700 oncologists from 21 countries.
EFTA00659237
This second closing for the Series B financing follows the first closing completed on September 10,
2012. The first closing attracted a number of new investors, including public crossover funds Deerfield
Management Company, L.P., Casdin Capital, Redmile Group and one undisclosed investor, and
strategic investors Roche Venture Fund, WuXi Corporate Venture Fund and Laboratory Corporation of
America® Holdings (LabCorp®). These investors joined founding investor Third Rock Ventures and
previous venture capital backers Google Ventures and Kleiner Perkins Caufield & Byers.
Evan Jones to Join Board of Directors
Also, Foundation Medicine today announced that Evan Jones has been nominated to join Foundation
Medicine's Board of Directors. Mr. Jones is the managing member of jVen Capital, LLC and previously
was the co-founder, chairman and CEO of Digene Corporation.
Mr. Jones commented, "Foundation Medicine is working to change the paradigm of cancer treatment
so that each patient's care can be informed by a precise blueprint of the genomic and other molecular
changes that contribute to their disease. I've seen firsthand that a comprehensive understanding of
diseases like cancer can turn a death sentence into a medically addressable challenge, and I'm
confident that Foundation Medicine's approach will lead to important advances in oncology. It will be
an honor to join their Board of Directors."
About FoundationOneTM
FoundationOne is a fully informative genomic profile that complements traditional cancer decision
tools and often expands treatment options by matching each patient with targeted therapies that may
be relevant to the molecular changes in their tumor. Using next-generation sequencing,
FoundationOne interrogates all genes somatically altered in human cancers that are validated targets
for therapy or unambiguous drivers of oncogenesis based on current knowledge. It reveals all classes
of genomic alterations including base substitutions, insertions, deletions, copy number alterations and
select rearrangements. Each patient's genomic profile is reported to the physician matched with
targeted therapies and clinical trials that may be relevant based on the molecular blueprint of their
tumor. Results are supported by the latest scientific and medical evidence. FoundationOne has been
optimized to fit easily into the clinical workflow of a practicing oncologist. It is available for all solid
tumors and clinical grade results can be obtained from as little as 50ng of DNA obtained from formalin-
fixed, paraffin-embedded tumor tissue samples. FoundationOne is a laboratory-developed test
performed at Foundation Medicine's CLIA-certified facility and is currently available for all solid tumor
types. Please visit www.FoundationOne.com for more information.
About Foundation Medicine
Foundation Medicine is a molecular information company dedicated to a transformation in cancer care
in which treatment is informed by a deep understanding of the genomic changes that contribute to
each patient's unique cancer. The company's initial clinical assay, FoundationOne MI is a fully
informative genomic profile to identify a patient's individual molecular alterations and match them with
relevant targeted therapies and clinical trials. Foundation Medicine's molecular information platform
aims to improve day-to-day care for patients by serving the needs of clinicians, academic researchers
and drug developers to help advance the science of molecular medicine in cancer. For more
information, please visit www.FoundationMedicine.com or follow Foundation Medicine on Twitter
(©FoundationATCG).
Foundation Medicine® is a registered trademark, and FoundationOneTM is a trademark of Foundation
Medicine, Inc.
EFTA00659238
Contacts
Pure Communications, Inc.
Dan Budwick
Source: Foundation Medicine, Inc.
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EFTA00659239
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| Filename | EFTA00659237.pdf |
| File Size | 209.1 KB |
| OCR Confidence | 85.0% |
| Has Readable Text | Yes |
| Text Length | 6,444 characters |
| Indexed | 2026-02-11T23:21:37.274100 |