Galvani Bioelectronics is a Stevenage,

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

-based

bioelectronics Bioelectronics is a field of research in the convergence of biology and electronics. Definitions At the first C.E.C. Workshop, in Brussels in November 1991, bioelectronics was defined as 'the use of biological materials and biological architectu ...

R&D company.

History

It was founded by

Alphabet Inc. Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and sev ...

subsidiary

Verily Life Sciences Verily Life Sciences, also known as Verily (formerly Google Life Sciences), is Alphabet Inc.'s research organization devoted to the study of life sciences. The organization was formerly a division of Google X, until August 10, 2015, when Sergey ...

and British

pharmaceutical company The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications to be administered to patients (or self-administered), with the aim to cure them, vaccinate them, or alleviate sympto ...

GlaxoSmithKline (GSK) in November 2016. The partnership to form the company was announced on 1 August 2016. Verily has a 45% equity interest, while GSK has a 55% equity interest, making GSK the effective owner. The initial agreed upon investment between the two companies is up to £540 million over a period of seven years and will be used "to develop prototype devices aimed at controlling a variety of chronic conditions." Additionally, both companies agreed to contribute their existing

intellectual property rights Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, cop ...

References

External links

Announcement by GSK
GSK plc Verily Biotechnology companies of the United Kingdom Companies based in Stevenage 2016 establishments in England Biotechnology companies established in 2016 {{UK-company-stub