Verily, the life-sciences arm of Google’s parent company Alphabet, just presented at the biggest healthcare conference of the year.
Verily has its hands in projects spanning robotics, blood-sugar-tracking devices, and work on addiction treatment. In its presentation, it laid out its three businesses and how the company approaches partnerships.
The company has taken $1.8 billion in outside investments from investors including Temasek, Silver Lake, Capital Group, Ontario Teachers’ Pension Plan, and T. Rowe Price. In 2019, it raised a $1 billion round from Silver Lake.
Conrad also spoke about the company’s new hires, including former Tesla chief financial officer Deepak Ahuja, who took Tesla public.
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When Verily CEO Andy Conrad was looking to hire someone to run clinical trials, he turned to Google.
Typing the question “Who’s running the biggest trial” led him to Jessica Mega, now Verily’s chief medical officer, who leads the company’s 10,000-person Project Baseline study.
Verily is Alphabet’s life sciences company, making it a sister firm to Google, and Mega wasn’t the only result of Google searching, Conrad told an audience of investors on Monday.
He was speaking in …read more
Source:: Businessinsider – Finance