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The Boston Globe

Business

Bill Gates invests in Foundation Medicine, which uses genome data for cancer diagnostics

Foundation Medicine Inc. said that Bill Gates of Microsoft fame is among investors who expanded the Cambridge company’s Series B financing round by an additional $13.5 million.

“Advances in understanding the human genome are having a dramatic impact on almost every area of medicine,” Gates said in a statement. “Foundation Medicine’s approach in harnessing the power of genomic data to improve care for cancer patients could represent an extremely important step forward in improving routine cancer care.”

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