Google has become a major powerhouse in the healthcare industry because of several collaborations with medtech and pharmaceutical companies.
Google Thrives in Healthcare Due to Collaborations
Ten years ago, Google was primarily thought of as a search engine and analytics company. But the firm grew and through its Verily Lifesciences unit, it has made a significant impact on healthcare. Here are seven collaborations that show how Google’s Verily took the healthcare industry by storm.
422737/PixabayGoogle Receives Significant Investment from Temasek
Asia has been known as an emerging market in healthcare. Everyone from Abbott Laboratories to Zimmer Biomet has made a play for the growing market. In 2017, Google’s Verily made its move on Asia. The company received an $800 million investment from Singapore-based Temasek to get a foothold in the Asia market.
Geralt PixabayGoogle Dives Deeper into Genomics Market
In March, Google’s Verily began working with WuXi NextCODE to enhance comprehensive genomics capabilities. The partnership included hosting WuXi NextCODE's core suite of capabilities on Google Cloud and its availability on the Google Cloud Launcher marketplace.
Qimona/PixabayGoogle Takes CGM Further with Dexcom
Back in 2015, Google’s Verily partnered with Dexcom to further develop continuous glucose monitoring sensors that are smaller and less expensive. The partnership was described as a marriage between Google's miniaturized electronics platform and Dexcom's sensor technology.
MAIALISAGoing All In With Sanofi
Google’s Verily seems to have found its niche in diabetes. The company has numerous partnerships that reflect this. The one that stands out is Verily’s collaboration with Sanofi. The companies went all in and invested about $500 million to create a joint venture called Onduo. The partnership would bring together Verily’s experience in miniaturized electronics, analytics, and consumer software development, with Sanofi's clinical expertise and experience in bringing innovative treatments to people living with diabetes.
3192204/PixabayGoogle Forms Verb with Johnson & Johnson
Surgical robotics is a thriving sector in healthcare. In 2015, Google’s Verily announced a partnership with Johnson & Johnson’s Ethicon to form Verb. The newly formed company would work to advance surgical robotics.
Coolinoob/PixabayGoogle Enters Bioelectronics Market Through GSK JV
GlaxoSmithKline has made significant investments in the Bioelectronics market, so much so that it caught Google’s attention. The companies got together and invested $715 million in the Galvani Bioelectronics joint venture. Galvani is tasked with developing miniaturized, implantable devices that can modify electrical nerve signals. The aim is to modulate irregular or altered impulses that occur in many illnesses.
Geralt/PixabayGoogle and Novartis To Develop Smart Contacts
Before Verily was established, Google’s first major collaboration was with Novartis in 2014. The firms partnered to develop a smart contact lens of sorts for diabetics. The partnership is significant because it was one of the first companies in healthcare to collaborate with Google.
3070332/Pixabay
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