Page told Time magazine Calico’s approach would be unconventional, like much that Google does. “The Google guys and Levinson are geniuses and fabulous business people so they may hit gold where others have not,” Herzlinger said. He will report to Larry Page, Google’s chief executive and a major supporter of Calico.Īnalysts said the project should be met with a healthy amount of skepticism.īut Google may have the clout to speed medical breakthroughs and push change in an American healthcare system deeply resistant to it, she added. Levinson, the former chief executive of Genentech and a Google board member, was named the CEO and founding investor of the California Life Co., or Calico.
The project is being led by biotech pioneer Arthur Levinson, chairman of the boards of Apple Inc. The search for the fountain of youth - and health - has long been a great obsession in Silicon Valley. Google is not the first technology company to make the leap into healthcare. But Google declined to provide any more details on how the venture would operate or what it would do. The technology giant said Wednesday that it’s a major investor in a venture that would work on combating aging and disease. Now it’s searching for ways to keep people alive longer. believes that making big gambles can yield revolutionary advances, whether it be cars that drive themselves, wearable computers connected to the Internet or air balloons that beam wireless Internet access to remote areas of the world. But when you really take a step back and look at it, yeah, there are many, many tragic cases of cancer, and it's very, very sad, but in the aggregate, it's not as big an advance as you might think.SAN FRANCISCO - Google Inc. "We think of solving cancer as this huge thing that'll totally change the world. "One of the things I thought was amazing is that if you solve cancer, you'd add about three years to people's average life expectancy," Page told Time. But Page also said Calico's mission could prove to be even more important than curing cancer. In an interview with Time magazine published online Wednesday, Page suggested that it could be 10 to 20 years before Calico's efforts bear fruit. In his Wednesday post, he said it was still too early to share other details about his hopes for Calico. Page, 40, is hoping Calico can find ways to slow the aging process and other associated diseases. Google and its venture capital arm have invested at least $10 million in 23andme, a genetic testing startup founded by Brin's wife, Anne Wojcicki. The comments are an apparent effort to placate investors who would prefer to see the company boost its profits even higher instead of pursue far-flung ventures that may never pay off. Google isn't disclosing how much money it will pour into Calico, but CEO Larry Page indicated Wednesday that it won't be a major commitment. Levinson will remain chairman at Apple and Genentech while he runs Calico.
Federal Trade Commission opened an investigation into whether his overlapping role on Apple Inc.'s board created conflicts of interest that might lessen competition between rivals. Levinson resigned from Google's board nearly four years ago after the U.S. The ambitious quest to reverse the aging process and extend human life will be pursued by a new company called Calico that is being financed by Google Inc., which has amassed a $54 billion stockpile primarily through its dominance of Internet search and online advertising.Ĭalico will be run by former Google board member Arthur Levinson, best known as the ex-CEO of biotechnology pioneer Genentech. SAN FRANCISCO (AP) - Google is looking for the Fountain of Youth in its latest expansion beyond Internet search.
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