Google's life sciences unit to become a separate company under Alphabet

Google (Nasdaq: GOOG) has announced it is segregating its life sciences unit into an independent company under the newly created parent group Alphabet.

The company’s life sciences group will graduate from the Google X labs and become a standalone company under Alphabet, Google co-founder Sergey Brin said.

“While the reporting structure will be different, their goal remains the same. They’ll continue to work with other life sciences companies to move new technologies from early stage R&D to clinical testing - and, hopefully - transform the way we detect, prevent, and manage disease,” Mr Brin said.