US genomic cancer profiling firm FMI heads to China, where access to new therapies lags
National Cancer Institute | Science Photo Library | Getty Images. Roche-backed Foundation Medicine will bring its genomic sequencing of tumors to China in the third quarter. · CNBC

China lags the U.S., Europe and regional hubs such as Singapore and Hong Kong on access to cutting-edge cancer drugs, but the mainland will soon get a glimpse of potential next-generation targeted therapies as U.S.-listed genomic-sequencing firm Foundation Medicine Inc. (FMI) is aiming to launch there in the third quarter of this year.

The Boston-based and U.S-listed firm is one of a handful that perform detailed biopsies of tumors, seeking a range of cancer-causing genes, then creates a report on drugs approved, or in clinical trials that can be targeted at the tumors' profile, even if the treatment might be off-label.

That goes a bit beyond standard oncology practices of looking at the type or location of tumors, such as lung or gastric cancers, and prescribing drugs already approved for those diagnoses.

The gene-sequencing process draws on a library that grows with each biopsy and patient treatment, according to Colin Albert, commercial head Asia Pacific for Roche, which bought a majority interest in FMI in January 2015 in a partnership which includes R&D and new product development initiatives under Roche FMI

China's rules forbid taking biopsy material out of the country for examination, so to operate in the country, Roche FMI formed a local tie-up with Wuxi AppTec in October 2014, Albert said

Wuxi AppTec is a unit of WuXi Biologics, which last week priced Hong Kong IPO shares at HK$20.60 each, at the top of its range, to raise HK$3.98 billion ($511 million). The shares will make their debut on the Hong Kong stock exchange on June 13.

The tie-up with WuXi comes as many oncologists in Asia and elsewhere are radically re-thinking therapy approaches as gene sequencing has become faster and prices drop.

"Currently physicians in APAC (Asia-Pacific) are gaining experience with the Roche FMI Next Generation Sequencing (NGS) and are exposed to a wealth of information available from the comprehensive report produced through the Roche FMI platform, which supports physicians' decision-making process through small clinical trials," Albert said.

In many respects, that may fit with China's plans to bring in newer therapies at lower cost by promising access to a vast market.

In June, China's National Health and Family Planning Commission said AstraZeneca's cancer therapy Iressa, and Conmana for lung cancer from Hangzhou-based Betta Pharmaceuticals as well as hepatitis B therapy Viread marketed in China by GlaxoSmithKline and developed by Gilead Sciences would see price cuts of more than half as part of a pilot program.