Google’s Verily and GlaxoSmithKline hatch a $713M plan to spark a biorevolution
Global pharma giant GlaxoSmithKline is teaming up with Google’s life sciences venture Verily, channeling its four-year effort to create new nanotech-based bioelectronic therapeutics into a startup called Galvani Bioelectronics, with joint plans to invest $713 million into the venture over the next seven years.
GSK’s Moncef Slaoui has billed this effort as a revolutionary attempt to break out of the traditional mode of therapeutic development, rethinking the science and technology of drug R&D to create a completely new development field in electroceuticals, which will now be focused on inflammatory, metabolic and endocrine disorders, including type 2 diabetes. And now Verily Life Sciences, formerly Google Life Sciences which operates under the new Alphabet banner, is making a big biotech bet that it can live up to its mission to transform medicine by partnering with GSK.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.