Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > Forbes: Google to invest hundreds of millions into Calico startup

Forbes: Google to invest hundreds of millions into Calico startup
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Oct 9, 2013, 03:18 PM
 
Google is reportedly planning to invest hundreds of millions into its Calico health startup. The company has yet to publicly disclose its monetary commitment, however fresh details have emerged in a Forbes report. Although ex-Genentech CEO Art Levinson has already been confirmed as the top executive in Calico, unnamed sources suggest the endeavor is actually the brainchild of Google Ventures managing partner Bill Maris.

Maris is said to have pitched the idea to a wide range of tech executives and venture capitalists before talking to Google co-founder Sergey Brin. As the talks between Maris, Brin and Google CEO Larry Page continued to develop, the trio reportedly decided that the startup should be funded entirely by Google.

Calico has been promoted as the key to finding a new way to approach healthcare, attempting to discover and address the underlying causes of aging. In contrast to research into cellular genetic degradation, most biotech companies are said to focus on treating or preventing specific diseases.

The startup is expected to have much more flexibility than a traditional pharmaceutical company, working more as a long-term research institute rather than attempting to get a product into clinical trials as soon as possible.

Google's quarterly earnings report, set to arrive next week, could shed more light on the company's investment.
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 05:25 PM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2