The Culture At Foundation Medicine

(136 Jobs)
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.

Foundation Medicine Overview

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 60.8% female and 33.1% ethnic minorities. Foundation Medicine employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 58.0% 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 4.8 years. The average employee at Foundation Medicine makes $75,114 per year. Pay at Foundation Medicine is significantly lower than some of its highest paying competitors, like Cubist Pharmaceuticals, Gilead Sciences, and 23andMe, which pay $92,030, $91,036, and $89,419, respectively.
A large health care company with 1,500 employees and an annual revenue of $152.9M, Foundation Medicine is headquartered in Cambridge, MA.

Industry

Biotechnology

Revenue

$152.9M

Employees

1,500

Founded in

2010

Headquarters

Cambridge, MA

Website

www.foundationmedicine.com

Organization Type

Public

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The Team At Foundation Medicine

  • Cindy Perettie (CEO)
  • Alexis Borisy (Board Member)

Foundation Medicine Company Rankings

Foundation Medicine is ranked #18 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

How much does Foundation Medicine pay?
The national average salary for a Foundation Medicine employee in the United States is $75,114 per year. Employees in the top 10 percent can make over $131,000 per year, while employees at the bottom 10 percent earn less than $42,000 per year.
9.2
Salary Score
Average Employee Earnings

Foundation Medicine Salaries By Job Title

While the average employee salary at Foundation Medicine is $75,114, there is a big variation in pay depending on the role. Some of the positions that earn high wages at Foundation Medicine include Corporate Development Director, Vice President Of Information Technology, Associate Medical Director, and Marketing Communications Manager. A typical Corporate Development Director salary at Foundation Medicine is $155,917 per year. Other roles at Foundation Medicine include Receptionist and Laboratory Assistant. A Receptionist at Foundation Medicine earns an average yearly salary of $26,832.
Job Title
Title
ascdesc
Average Salarydesc
Corporate Development Director
Salary Range142k - 170k$156k$155,917
Vice President Of Information Technology
Salary Range125k - 156k$140k$140,032
Associate Medical Director
Salary Range113k - 163k$136k$136,474
Marketing Communications Manager
Salary Range122k - 151k$136k$135,974
Data Manager
Salary Range118k - 151k$134k$134,106
Adjunct Professor
Salary Range102k - 163k$130k$129,857
Senior Database Developer
Salary Range118k - 133k$126k$126,051
Principal Developer
Salary Range105k - 125k$115k$114,911
Principle Engineer, Systems Engineering
Salary Range94k - 120k$106k$106,464
Software Development Engineer
Salary Range90k - 119k$104k$103,830
$53k
$170k

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Foundation Medicine Careers

On average, employees at Foundation Medicine stay with the company for 4.8 years. Employees most commonly join Foundation Medicine after leaving The Little Clinic.

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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.

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Foundation Medicine Employees Education

Of the 1,500 employees at Foundation Medicine, 13.8% 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 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.

Employee Political Donations

NameJob TitlePartyDonation
Michael PelliniPresident/Chief Executive Officer
President/Chief Executive OfficerRepublican Party
$37,400Republican Party
Seema Singh BhanVice President
Vice PresidentDemocratic Party
$2,800Democratic Party
Matthew FranklinExecutive
ExecutiveRepublican Party
$1,700Republican Party
Elaine LabrecqueExecutive
ExecutiveRepublican Party
$1,700Republican Party
Jennifer RyanExecutive
ExecutiveRepublican Party
$1,500Republican Party
Robert HessleinExecutive
ExecutiveRepublican Party
$1,500Republican Party
JEN MillsHealthcare
HealthcareDemocratic Party
$1,250Democratic Party
Jason DeffenbaughSoftware Engineer
Software EngineerDemocratic Party
$1,063Democratic Party
Vincent MillerExecutive
ExecutiveRepublican Party
$1,000Republican Party
Michael NolanExecutive
ExecutiveRepublican Party
$1,000Republican Party
Show More

Foundation Medicine Financial Performance

9.8
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
Apr 15, 2010Series Unknown
$7,000,000Series Unknown
Oct 18, 2011Series A
$33,500,000Series A
Sep 20, 2012Series B
$42,500,000Series B
Jan 8, 2013Series B
$13,500,000Series B

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Foundation Medicine Competitors

Competitors of Foundation Medicine include Cubist Pharmaceuticals, Gilead Sciences, and 23andMe. The wages at Cubist Pharmaceuticals average higher than the other similar companies, where the median salary is $92,030 per year. Employees at Gilead Sciences earn an average of $91,036 per year, and the employees at 23andMe earn an average salary of $89,419 per year.
Companydesc
Average Salarydesc
Cubist Pharmaceuticals
Salary Range73k - 115k$92k$92,030
Gilead Sciences
Salary Range73k - 111k$91k$91,036
23andMe
Salary Range72k - 110k$89k$89,419
Seattle Genetics
Salary Range69k - 114k$89k$89,164
Illumina
Salary Range72k - 106k$88k$88,033
Alexion Pharmaceuticals
Salary Range66k - 112k$86k$86,316
Merck
Salary Range66k - 105k$84k$83,818

OPKO Health

Salary Range59k - 101k$78k$77,664
Alnylam Pharmaceuticals
Salary Range57k - 99k$76k$75,876
Sarepta Therapeutics
Salary Range50k - 104k$73k$72,758
$27k
$115k

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 1,500 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 type of company is Foundation Medicine?

Foundation Medicine is a public company.

Who are Foundation Medicine's competitors?

Foundation Medicine competitors include Seattle Genetics, Sarepta Therapeutics, Gilead Sciences, Human Genome Sciences, Illumina, Quidel, Alnylam Pharmaceuticals, Cubist Pharmaceuticals, Merck, Myriad Genetics, ImmunoGen, OPKO Health, Alexion Pharmaceuticals, 23andMe, Veracyte, Ambry Genetics, Mid America Clinical Laboratories, Avero Diagnostics, Alere Toxicology.

Who works at Foundation Medicine?

Cindy Perettie (CEO)

Alexis Borisy (Board Member)

Where is Foundation Medicine's headquarters?

Foundation Medicine's headquarters is in Cambridge, MA.

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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. 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 FOUNDATION MEDICINE, INC., Foundation Medicine, Foundation Medicine Inc and Foundation Medicine, Inc.