AbbVie and Google spinout invest $1 billion to combat aging
Illinois, USA-based pharma major AbbVie (NYSE: ABBV) has renewed its partnership with Calico, the Alphabet (Nasdaq: GOOG) subsidiary dedicated to combating the effects of aging.
The announcement comes as the two companies make a combined $1 billion investment in their collaborative efforts to treat aging-related diseases including neurodegeneration and cancer.
The Google spinout, founded in 2013, has never announced any novel therapies or technologies and is notoriously secretive, releasing only 17 press releases since its founding.
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