Roche isn’t saying much about how it approached the decision to shell out $1.9 billion to acquire the 87% of Flatiron Health Inc. it didn’t already own. But it appears that Flatiron would have needed to scale back or at least slow down development of its real-world data platform as a stand-alone company.
Since Roche is counting on those data to accelerate development of its cancer pipeline, ensuring that Flatiron had the resources to develop the platform quickly made strategic sense.
Flatiron’s main business is providing meticulously curated real-world data to biopharma companies.
Flatiron collects the data through a network of oncology practices that use its OncoEMR cancer-specific electronic medical record software. Since 2014, it has been linking its own data on those patients’ outcomes to genetic data on the same patients’ tumors obtained from Foundation Medicine Inc.’s tumor profiling tests.
Flatiron’s long-term plans include expanding its oncologist network to add more patients to the database, improving the quality of its data to meet regulatory standards, and linking with additional external datasets to provide a more comprehensive picture of each patient’s tumor.
“It is going to require a lot of investment and resources to build out the kind of solutions we are building out,” Flatiron’s CSO, CMO and SVP of Oncology Amy Abernethy told BioCentury.
“It is going to require a lot of investment and