Foundation Medicine Grabs $10M

Xconomy Boston — 

Foundation Medicine, a Cambridge, MA-based cancer diagnostics startup, has raised $10 million of a targeted $20.5 million round of equity funding, from one investor, and SEC filing reveals. Last year Foundation announced it had raised the first part of a $25 million Series A financing led by Third Rock Ventures. Earlier this year the startup added former Clarient president Michael Pellini as its new CEO and announced deals with Celgene and Novartis.