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GSK And Google To Invest £540m In UK-Headquartered Bioelectronics JV

 
• By Sukaina Virji

GlaxoSmithKline is teaming up with the company formerly known as Google Life Sciences to create bioelectronic therapeutics, and hopes to have a product ready for market within seven years.

GlaxoSmithKline PLC is setting up a new company with Verily Life Sciences LLC (formerly Google Life Sciences) called Galvani Bioelectronics. Galvani, which will be 55% owned by GSK and 45% by Verily, will work to develop and commercialize bioelectronic medicines.

Moncef Slaoui (currently GSK's vaccines chief but the former head of R&D), will chair the board of the new company....

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