In Geneva, Google partners with Medicxi and invests in biotech
Verily, the life sciences subsidiary of Alphabet (Google's parent company), and Novartis join Medicxi. All three are embarking on a partnership to facilitate the financing of the late stage biotech. This is the first investment fund of this type managed by a VC in Europe. Verily, a subsidiary of Alphabet, active in the life sciences sector, had been looking for a partner for some time to develop its activities in Europe...
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