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Roche Goes on Tech Shopping Spree for Startups to Boost Research

  • Drugmaker bought three tech companies in the past eight months
  • After deal for Flatiron announced, Foundation Medicine gains
Roche Holding AG's Headquarters As 2014 Revenue Forecast To Rise

Photographer: Gianluca Colla/Bloomberg

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For Roche Holding AG, collaborating with tech startups is no longer enough. Now it wants to own them.

The Swiss oncology giant bought three tech companies and joined forces with another in the past eight months as it seeks to take advantage of a flood of data from patients and clinical studies. The most recent deal, a $1.9 billion takeover of Flatiron Health Inc., gives it a platform to comb through medical records, gene sequences and insurance claims to find out what cancer therapies work.