Internet and advertisement giant Google in a newly founded company Calico. Google will finance this company in the quest for reverse the aging process and extend human life.
Former Google board member Arthur Levinson, best known as the ex-CEO of biotechnology pioneer Genentech will head Calico. Levinson resigned from Google’s board nearly four years ago.While running Google, Levinson will keep continuing his job at Genentech and also Apple where he holds a position.
According to Google CEO Larry Pagehe focus on health, comes from Google’s co-founder himself who battles with personal ailments. Earlier this year, he disclosed he was diagnosed with left vocal-cord paralysis, a condition that restricts vocal-cord movement, and is also experiencing impairment on the right side. Page said “Illness and aging affect all our families “With some longer term, moonshot thinking around health care and biotechnology, I believe we can improve millions of lives.” Google is stepping up investments in areas outside its core online-advertising and consumer-services business. The search provider has already put money into health-related companies through its venture arm, called Google Ventures, among other sectors. The Mountain View, California-based company has also worked on longer-term bets through a research unit that’s unveiled plans for computerized eye glasses and driverless cars. Google’s announcement didn’t include any details on the size of the new health-care company or the scope of the investment.