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Roche pays $1.9 billion for startup backed by Alphabet

Roche Holding will purchase Flatiron Well being and its cancer-focused medical information expertise for $1.9 billion, as drugmakers more and more mine information to develop new oncology therapies.

The Swiss oncology big already owns 12.6 % of carefully held Flatiron, which can also be funded by Google mum or dad Alphabet, the businesses stated final week. The corporate was based by Nat Turner and Zach Weinberg, who bought an advert tech enterprise to Google virtually a decade in the past.

Drugmakers and the insurers that determine whether or not therapies will probably be reimbursed are searching for proof to information each the event of latest merchandise and the usage of therapies after they’re authorized.

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