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Alphabet & GSK joint venture to develop bioelectronic testing

Alphabet Inc’s Verily Life Sciences is forming a joint venture with pharmaceutical company GlaxoSmithKline (GSK) to invest $714 million in a new company called Galvani Bioelectronics, reports The Guardian. The joint venture will get access to GSK’s drug development and disease biology expertise, whereas Verily will provide miniature electronics, data and software for clinical purposes. Galvani will have about 30 scientists, engineers and doctors to start with. GSK will work on interfacing devices with human nerves to figure out therapies. Google and GSK will combine their existing IP rights and invest $714 million over 7 years, provided that the entity meets its goals. GSK hopes to make bioelectronic treatment a viable option in the next 10 years. According to the report, GSK has invested $50 million in a VC fund for bioelectronics and funded scientists working in the field but outside…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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