Foundation Medicine Overview

Foundation Medicine, Inc. is a public American company based in Cambridge, Massachusetts which develops, manufactures, and sells genomic profiling assays based on next-generation sequencing technology for solid tumors, hematologic malignancies, and sarcomas.
The staff at Foundation Medicine come from unusually diverse demographic backgrounds. The company is 58.5% female and 33.6% ethnic minorities. Foundation Medicine employees are more likely to be members of the Republican Party than the Democratic Party, with 64.7% of employees identifying as members of the Republican Party. But those numbers could change quickly because the turnover rate at Foundation Medicine is relatively high. Employees at Foundation Medicine stay with the company for an average of 1.8 years before leaving. The average employee at Foundation Medicine makes $72,597 per year. Pay at Foundation Medicine is significantly lower than some of its highest paying competitors, like Illumina, SDI Health, and Incyte, which pay $87,756, $86,396, and $85,738, respectively.
Foundation Medicine is a medium technology company with 535 employees and an annual revenue of $119.6M that is headquartered in Cambridge, Massachusetts.

Industry

Pharmaceutical

Revenue

$119.6M

Employees

535

Founded in

2010

Headquarters

Cambridge, MA

Website

www.foundationmedicine.com

Organization Type

Public

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The Team At Foundation Medicine

Key People

    Jason Ryan (Executive Officer)

    Michael Pellini (Executive Officer, Director)

    Krishna Yeshwant (Director)

    Robert Hesslein (Executive Officer)

    Mark Levin (Director)

    Brook Byers (Director)

    Alexis Borisy (Director)

    Cindy Perettie (ceo)

    Kevin Krenitsky (Executive Officer)

    David Schenkein (Director)

    Evan Jones (Director)

The Culture At Foundation Medicine

Information provided by the company
Commitment to FMI values: Passion, Patients, Innovation and Collaboration.
Commitment to reflect FMI's values: Patients, Collaboration, Innovation, and Passion.
Commitment to reflect FMI's values of Patients, Passion, Collaboration, and Innovation.
Passion for contributing to a transformation in cancer care - strong drive, sense of initiative and commitment to mission..
Demonstrating of integrity and a commitment to values held at FMI: Patients, Innovation, Collaboration, and Passion.

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Foundation Medicine Rankings

Foundation Medicine is ranked #58 on the Best Pharmaceutical Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Foundation Medicine Salaries

How much does Foundation Medicine pay?
The national average salary for a Foundation Medicine employee in the United States is $73,639 per year. Employees in the top 10 percent can make over $125,000 per year, while employees at the bottom 10 percent earn less than $43,000 per year.
9.0
Salary Score
Average Employee Earnings

Foundation Medicine Salaries By Job Title

The average employee at Foundation Medicine earns a yearly salary of $73,639 per year, but different jobs can earn drastically different salaries.

Some of the positions that earn high wages at Foundation Medicine include vice president of information technology, principle engineer, systems engineering, software development engineer, and project manager.

A worker with the title vice president of information technology salary at Foundation Medicine can earn an average yearly salary of $129,423.

Some of the other roles at Foundation Medicine are medical receptionist and laboratory assistant. A worker with the title medical receptionist at Foundation Medicine earns an average salary of $28,713 per year.

Foundation Medicine Careers

On average, employees at Foundation Medicine stay with the company for 1.8 years. Employees most commonly join Foundation Medicine after leaving King's Daughters' Hospital.

Average Length of Employment
Incyte2.4 years

Foundation Medicine

1.8 years
Top Employers Before Foundation Medicine
Genzyme6.4 %
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Foundation Medicine Employee Demographics

9.4
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Foundation Medicine Employees Education

Of the 535 employees at Foundation Medicine, 10.7% attended University of Massachusetts - Boston. Employees at Foundation Medicine most frequently majored in Biology, and most employees’ highest level of education is a Bachelors.

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Foundation Medicine Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

2010

Organization type

Public

Foundation Medicine Financing Rounds

DateAmountSecurity Type
Jan 10, 2013Equity
Jan 10, 2013
$55,962,423
$55,962,423
Equity
Equity
Aug 23, 2011Equity
Aug 23, 2011
$20,500,000
$20,500,000
Equity
Equity
Apr 15, 2010Equity
Apr 15, 2010
$25,000,000
$25,000,000
Equity
Equity

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Foundation Medicine Competitors

Based on our research, similar companies to Foundation Medicine are Illumina, SDI Health, and Incyte.

Employees at Illumina earn more than most of the competition, with an average yearly salary of $87,748.

Employees at SDI Health earn an average of $86,525 per year, and the employees at Incyte earn an average salary of $85,509 per year.

Frequently Asked Questions about Foundation Medicine

How many Employees does Foundation Medicine have?

Foundation Medicine has 535 employees.

How much money does Foundation Medicine make?

Foundation Medicine generates $119.6M in revenue.

What industry is Foundation Medicine in?

Foundation Medicine is in the pharmaceutical industry.

What type of company is Foundation Medicine?

Foundation Medicine is a public company.

Who are Foundation Medicine's competitors?

Foundation Medicine competitors include Alnylam Pharmaceuticals, Incyte, Myriad Genetics, Illumina, Moderna, Life Sciences Research, Vivus, Vical, J. Knipper & Co., BioReliance, Ranbaxy Pharmaceuticals, Biocon, OncoMed Pharmaceuticals, Qiagen, Sunesis Pharmaceuticals, ScriptPro, SDI Health, Millennium Pharmaceuticals, MDS Pharma Services, Momenta Pharmaceuticals.

Who works at Foundation Medicine?

Jason Ryan (Executive Officer)

Michael Pellini (Executive Officer, Director)

Krishna Yeshwant (Director)

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Where is Foundation Medicine's headquarters?

Foundation Medicine's headquarters is in Cambridge, MA.

What is Foundation Medicine's website?

You can find the Foundation Medicine website at www.foundationmedicine.com.

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Updated May 18, 2020

Zippia gives an in-depth look into the details of Foundation Medicine, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Foundation Medicine. The employee data is based on information from people who have self-reported their past or current employments at Foundation Medicine. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Foundation Medicine and its employees or that of Zippia.

Foundation Medicine may also be known as or be related to FOUND MEDICINE INC, Foundation Medicine, Foundation Medicine Inc and Foundation Medicine, Inc.