Calico and AbbVie Forge $1.5b Project Deal

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Calico and AbbVie Forge $1.5b Project Deal

From AP: “Google backed life sciences firm Calico and bio-pharmaceutical titan AbbVie on Wednesday announced an alliance to invest $1.5 billion to find ways to battle age-related diseases.

Under the agreement, the companies will combine strengths to discover, develop and bring to market new therapies for illnesses that afflict people as they get old.

The list of targets includes neurodegenerative conditions and cancer.

“Our relationship with AbbVie is a pivotal event for Calico, whose mission is to develop life-enhancing therapies for people with age-related diseases,” said Calico chief Art Levinson, a former head of Genentech.”

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September 4th, 2014|