Monday, October 7, 2013

Google will start a new company focused on healthcare and biotechnology

Calico will be a new company focused on “health and wellbeing, in particular the challenge of aging and associated diseases”, says the company CEO and co-founder Larry Page in a Google+ post. He goes on in a press statement arguing that, even though the healthcare sector is a lot different from what Google does today, he believes that his company can “improve millions of lives”.
Google hasn’t released any specific plans or projects yet, but to keep the shareholders from worrying, Page says that these investments are very small in comparison to Google’s core business. This is Google’s second effort in the healthcare and biotechnology industry. Google Health was an attempt to store patient medical records online and it was abandoned because of privacy concerns. Besides, app developers in Google were also focused on others projects like Google Glass.

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