Google Inc. continues to move further into the medical device space with technology that has potential partners vying for opportunities to work with the innovative information company, and several new deals serve as an update to Google’s potential in the market. The first agreement is a direct partnership between Google’s semi-secretive Google X unit and Alcon Inc., the eye-care division of Novartis AG, the large pharmaceutical manufacturer. [See Deal] Under terms of the deal, Google X has licensed rights to its smart lens technology, unveiled in January, to Alcon for all ocular medical uses. The partnership, which must still pass anti-trust scrutiny, is seen as a potentially huge win for Alcon, and is poised to put the company in an enviable position of helping to develop and commercialize a product that has lofty goals.
In announcing the deal, Alcon officials said they are very interested in assisting Google in developing a unique continuous glucose...
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