Pharma BD Deal Intelligence

Roche Holding AG / Foundation Medicine, Inc.

2018 · Acquisition/Merger · $5.3B · Complete

CALLED IT — OFF BY 10
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Jun 19, 2018 Roche Acquires Remaining Shares of Foundation Medicine for $2.4 Billion - BioSpace Bullish

Roche acquired the remaining shares of Foundation Medicine for $137 per share to accelerate broad availability of comprehensive genomic profiling in oncology…

Jul 31, 2018 Foundation Medicine, Inc. - SC TO-T/A (tender offer final results), FY2018 Neutral

Tender offer expired 12:00 midnight ET end of July 30, 2018; Roche accepted all validly tendered shares at $137.00/share. Following the second-step merger, FMI…

Jul 31, 2018 Roche Investor Update: Roche purchases shares in Foundation Medicine tender offer (2018-07-31) Bullish

Roche's subsidiary accepted for payment all shares validly tendered and not validly withdrawn in its tender offer for Foundation Medicine at $137.00 per share;…

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Roche acquired the remaining ~43% of Foundation Medicine it did not already own for approximately $2.4 billion ($137 per share), implying a total equity value of ~$5.3 billion. The deal gave Roche full control of FMI's comprehensive genomic profiling platform, FoundationOne CDx, to pair diagnostics with its oncology therapeutics.

Key facts

Related deals — scored

DealYearValueOutcome
Roche Holding AG / Foundation Medicine, Inc. (this deal)2018$5.3B85
Roche Holding AG / Chugai Pharmaceutical Co. Ltd.2002$1.4B100
Roche Holding AG / Ventana Medical Systems Inc.2008$3.4B88
Roche Holding AG / Corange Ltd. (Boehringer Mannheim Group)1997$11.0B88
Roche Holding AG / Ventana Medical Systems Inc.2007$3.4B88
Roche Holding AG / Foundation Medicine, Inc.2015$1.1B87
Roche Holding AG / GlycArt Biotechnology AG2005$182M80

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