viewAlphabet Inc

Sanofi and Google form joint venture to tackle diabetes

The two companies will jointly invest around US$500mln in a joint venture, Onduo

The JV will initially focus on people who have type 2 diabetes

Verily, the life sciences unit of Google-owner Alphabet Inc (NASDAQ:GOOGL) is teaming up with French pharmaceuticals giant Sanofi SA (NYSE:SNY) to tackle diabetes.

The two companies will jointly invest around US$500mln in a joint venture, Onduo,  that will see Verily’s expertise in miniaturised electronics, analytics and software development harnessed to Sanofi’s clinical expertise.

Onduo`s mission is to help people with diabetes live full, healthy lives by developing comprehensive solutions that combine devices, software, medicine, and professional care to enable simple and intelligent disease management.

The partnership should not come as a total surprise as Sanofi announced last year it was planning to hook up with the Google owner.

The initial focus of the joint venture, will be on the type 2 diabetes community, “specifically on developing solutions that could help people make better decisions about their day-to-day health, ranging from improved medication management to improved habits and goals," a statement said.

From there, the company plans to broaden its approach to encompass the type 1 diabetes community, and thereafter people who are deemed to be in danger of developing diabetes.

Quick facts: Alphabet Inc

Price: 1350.27 USD

Market: NASDAQ
Market Cap: $931.26 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Belvoir Group's Dorian Gonsalves discusses acquisition of Lovelles

Belvoir Group PLC's (LON:BLV) Dorian Gonsalves speaks to Proactive London's Andrew Scott following the news they're to acquire Lovelles, a privately-owned franchised estate agency network with 19 branches in the Lincolnshire and Humber region. Separately he says trading in the second half of...

14 hours, 23 minutes ago

2 min read