Google Announces Calico, a New Company Focused on Health and Well-being
Google today announced Calico, a new company that will focus on health and well-being, in particular the challenge of aging and associated diseases. Arthur D. Levinson, Chairman and former CEO of Genentech and Chairman of Apple, will be Chief Executive Officer and a founding investor.
Announcing this new investment, Larry Page, Google CEO said:
Illness and aging affect all our families. With some longer term, moonshot thinking around healthcare and biotechnology, I believe we can improve millions of lives. It’s impossible to imagine anyone better than Art—one of the leading scientists, entrepreneurs and CEOs of our generation—to take this new venture forward.”
Arthur Levinson will remain Chairman of Genentech and a director of Hoffmann-La Roche, as well as Chairman of Apple. “ I’ve devoted much of my life to science and technology, with the goal of improving human health. Larry’s focus on outsized improvements has inspired me, and I’m tremendously excited about what’s next.”
Tim Cook, Chief Executive Officer of Apple, said:
For too many of our friends and family, life has been cut short or the quality of their life is too often lacking. Art(Arthur) is one of the crazy ones who thinks it doesn’t have to be this way. There is no one better suited to lead this mission and I am excited to see the results.”
Larry Page further mentioned on his Google+ post, This is a lot different from what Google does today. But as we explained in our first letter to shareholders, there’s tremendous potential for technology more generally to improve people’s lives. So don’t be surprised if we invest in projects that seem strange or speculative compared with our existing Internet businesses. And please remember that new investments like this are very small by comparison to our core business.
Calcio is California Life Company!