Google life sciences spinout Verily lines up $1 billion investment

Google life sciences spinout Verily Inc. lined up a $1 billion investment — the largest biotech investment of the past 12 months — as it looks at strategic partnerships, new businesses globally and potential acquisitions. The South San Francisco-based company, part of the portfolio of Alphabet Inc. (NASDAQ: GOOG) said the round was led by technology investor Silver L ake, which has offices in the Bay Area, New York, London and Hong Kong, and new investors including the Ontario Teachers' Pension…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news