12.09.2014 • NewsGoogleCalicoAbbVie

Google and AbbVie Partner on R&D for Age-related Illnesses

Calico, an investment firm founded by Google to fund projects aimed at delaying the human aging process, is partnering with US drugmaker AbbVie to develop therapies for age-related diseases of the nervous system, such as Parkinson's, as well as cancer.

At the outset of the cooperation, each of the companies will make a financial contribution to the research valued at $250 million. At a later stage, contributions of around $500 million are envisioned, bringing the total to $1.5 billion.

Calico is to be headed by Arthur Levinson, former CEO of biotechnology firm Genentech, now part of Swiss pharmaceutical producer Roche. Levinson has since given up his seat on the Roche board of directors to avoid any potential conflict of interest.

Googl is said to be planning to build a "world-class" research campus for Calico near San Francisco, California.

According to the division of labor within the alliance, Calico will be responsible for basic research and early development of treatment strategies, while Abbevie will conduct clinical trials with patients and market any drugs developed.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.