Printed from http://www.electronista.com

Forbes: Google to invest hundreds of millions into Calico startup

updated 01:24 pm EDT, Wed October 9, 2013

Bill Maris credited with spearheading project

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.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News