Foundation Medicine Overview

Industry
Biotechnology
Revenue
Headquarters
Cambridge, MA
Employees
1,300
Founded In
2010
Website
Organization Type
Public
CEO
Foundation Medicine plans to create clinical diagnostic tests that can use the latest in genetic sequencing technology to identify personalized cancer therapies for patients.
The staff at Foundation Medicine come from unusually diverse demographic backgrounds. The company is 58.3% female and 33.7% ethnic minorities. Foundation Medicine employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 54.0% of employees identifying as members of the Democratic Party. Despite their political differences, employees at Foundation Medicine seem to be happy. The company has great employee retention with staff members usually staying for 4.6 years. The average employee at Foundation Medicine makes $94,749 per year, which is competitive for its industry and location. Some of its highest paying competitors, 23andMe, Gilead Sciences, and Sarepta Therapeutics, pay $112,477, $99,828, and $94,985, respectively.
A large health care company with 1,300 employees and an annual revenue of $152.9M, Foundation Medicine is headquartered in Cambridge, MA.

The Organization’s Mission

To transform cancer care for patients. We believe that we can redefine the way patients are diagnosed and treated through a deeper understanding of cancer, shaping the future of routine care and ultimately improving outcomes for more individuals living with cancer.
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Job Openings
19 Positions
Average Salary
$94,749 yearly

The Culture At Foundation Medicine

Information provided by the company

The Team At Foundation Medicine

Key People

Brian Alexander

Alexis Borisy

Krishna Yeshwant

Mark Levin

Foundation Medicine Rankings

Foundation Medicine is ranked #24 on the Best Health Care Companies to Work For in Massachusetts 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

9.2
Salary Score
The national average salary for a Foundation Medicine employee in the United States is $94,749 per year. Employees in the top 10 percent can make over $163,000 per year, while employees at the bottom 10 percent earn less than $54,000 per year.
Average Foundation Medicine Salary
$94,749
yearly
$45.55 hourly
Updated March 16, 2023
Average Employee Earnings

Foundation Medicine Diversity

9.5
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 Gender Distribution

Male
Male
42%
Female
Female
58%

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Foundation Medicine. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • Foundation Medicine has 1,300 employees.

  • 58% of Foundation Medicine employees are women, while 42% are men.

  • The most common ethnicity at Foundation Medicine is White (66%).

  • 12% of Foundation Medicine employees are Hispanic or Latino.

  • 11% of Foundation Medicine employees are Asian.

  • The average employee at Foundation Medicine makes $94,749 per year.

  • Foundation Medicine employees are most likely to be members of the democratic party.

  • On average, employees at Foundation Medicine stay with the company for 4.6 years.

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Foundation Medicine Employee Political Affiliation

Foundation Medicine employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Foundation Medicine employee was by Michael Pellini. Michael Pellini donated $37,400 to the Republican Party.

Foundation Medicine

Parties

Democratic Party

54.5 %
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Republican Party

45.5 %
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Employee Political Donations
NameJob TitlePartyDonation
Michael PelliniPresident/Chief Executive OfficerRepublican Party$37,400
Seema Singh BhanVice PresidentDemocratic Party$2,800
Matthew FranklinExecutiveRepublican Party$1,700
Elaine LabrecqueExecutiveRepublican Party$1,700
Jennifer RyanExecutiveRepublican Party$1,500
Robert HessleinExecutiveRepublican Party$1,500
JEN MillsProfessional Healthcare RepresentativeDemocratic Party$1,250
Vincent MillerExecutiveRepublican Party$1,000
Michael NolanExecutiveRepublican Party$1,000
Sarah LarsonExecutiveRepublican Party$1,000
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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.

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Highest Paying Foundation Medicine Competitors

Competitors of Foundation Medicine include 23andMe, Gilead Sciences, and Sarepta Therapeutics. The wages at 23andMe average higher than the other similar companies, where the median salary is $112,477 per year. Employees at Gilead Sciences earn an average of $99,828 per year, and the employees at Sarepta Therapeutics earn an average salary of $94,985 per year.

Frequently Asked Questions about Foundation Medicine

When was Foundation Medicine founded?

Foundation Medicine was founded in 2010.

How many Employees does Foundation Medicine have?

Foundation Medicine has 1,300 employees.

How much money does Foundation Medicine make?

Foundation Medicine generates $152.9M in revenue.

What industry is Foundation Medicine in?

Foundation Medicine is in the biotechnology industry.

What is Foundation Medicine's mission?

Foundation Medicine's mission statement is "To transform cancer care for patients. We believe that we can redefine the way patients are diagnosed and treated through a deeper understanding of cancer, shaping the future of routine care and ultimately improving outcomes for more individuals living with cancer."

What type of company is Foundation Medicine?

Foundation Medicine is a public company.

Who are Foundation Medicine's competitors?

Foundation Medicine competitors include Seagen, Sarepta Therapeutics, Gilead Sciences, Human Genome Sciences, Quidel, Caris Life Sciences, Alnylam Pharmaceuticals, Cubist Pharmaceuticals, Merck, Myriad Genetics, OPKO Health, ImmunoGen, 23andMe, Veracyte, Complete Genomics, Ambry Genetics.

Who works at Foundation Medicine?

Brian Alexander (CEO)

Alexis Borisy (Founder)

Krishna Yeshwant (Board Member)

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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. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. 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. None of the information on this page has been provided or approved by Foundation Medicine. 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 Foundation Medicine, Foundation Medicine Inc, Foundation Medicine Inc. and Foundation Medicine, Inc.