January 14, 2021
Fourteen-and-a-half months later, Google has finally completed its acquisition of health wearables company Fitbit. The news was announced this morning in complementary statements from Fitbit cofounder and (now previous) CEO James Park and Rick Osterloh, Google's SVP of devices and services.
"This is just the beginning because becoming part of the Google family means we can do even more to inspire...
Photo by Carsten Koall/Getty Images
December 22, 2020
Considering the size and scope of Alphabet, it should be little surprise that the company and its subsidiaries (Google, Google Cloud and Verily, to name a few) have become deeply ingrained in the healthcare ecosystem over the last several years.
The tech giant maintained the momentum in 2020 with efforts focused on artificial intelligence, data flow and digital clinical research – and also sought...
December 18, 2020
Alphabet’s life sciences and healthcare subsidiary Verily has raised $700 million in an investment round funded by its existing investors, including Alphabet, Silver Lake, Temasek, Ontario Teachers’ Pension Plan and others.
WHAT IT DOES
Verily serves as Alphabet’s research arm that develops tools and devices to collect, organize and activate health data. It also creates interventions to prevent...
December 17, 2020
Following months of regulatory investigation, the European Commission has officially signed off on Google's $2.1 billion purchase of health-wearable-maker Fitbit. Still, the go-ahead is contingent on a handful of commitments from the tech company that focus on its competitive practices across advertising, digital health APIs and smart device interoperability.
"We can approve the proposed...
December 1, 2020
Alphabet subsidiary DeepMind has cracked a decades-old protein-folding challenge with an artificial intelligence system that could eventually help identify new treatments for diseases, among other nonmedical uses.
"We have been stuck on this one problem – how do proteins fold up? – for nearly 50 years," John Moult, cofounder and chair of the Critical Assessment of protein Structure Prediction (...
November 11, 2020
Google Cloud pulled back the curtain yesterday on two artificial intelligence tools designed to help healthcare and life science organizations scan and analyze large volumes of unstructured text, the Healthcare Natural Language API and AutoML Entity Extraction for Healthcare.
The first of these two offerings looks to automatically extract common trends or other insights from medical records notes...
November 3, 2020
Alphabet subsidiary X, which was created to focus on “moon shot projects," has just unveiled research from its mental health project known as Amber, specifically with respect to its works to find biomarkers to map depression. The news, first spotted by CNBC, is an outline of the work the project has been doing.
“Our journey started by asking the question: What if we could make brain waves as...
October 27, 2020
Yesterday, Kaiser Health News reported that California's San Francisco and Alameda counties had "severed ties" with a highly publicized "Project Baseline" COVID-19 testing program supported by Alphabet's Verily Life Sciences.
In particular, the reporting focused on Verily-backed community testing sites located in Oakland that have been closed for months, one of which is now working to reopen with...
August 25, 2020
Alphabet’s life science subsidiary Verily is jumping into the health insurance game with the launch of its new venture Coefficient Insurance Company.
The tech-enabled payer will be backed by Swiss Re Corporate Solutions, which specializes in data-driven risk assessments.
Coefficient, which is categorized as a Verily subsidiary, is targeted at self-funded employers and is pitched as stop-loss...
August 7, 2020
Shortly before news broke that Teladoc was set to acquire Livongo, the chronic disease management company announced its quarterly earnings results. On Aug. 5 it announced that its second quarter total revenue came in at $91.9 million, which was up 125% YoY. The company reported a GAAP gross margin of 76.6% and non-GAAP gross margin of 77.3%.
The company attributed the gains to its growing...