Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Google, Sanofi team up to improve diabetes care

Published 31/08/2015, 15:35
© Reuters. Woman walks past a logo of Google at the Global Mobile Internet Conference (GMIC) 2015 in Beijing
NOVN
-
SASY
-
GOOGL
-
BIIB
-
DXCM
-

(Reuters) - Google Inc (O:GOOGL) and French drugmaker Sanofi SA (PA:SASY) said they will partner to develop tools to improve the management and treatment of diabetes.

Sanofi will work with Google's life sciences team to collect, analyse and understand information impacting diabetes, which is expected to affect 592 million by 2035, according to the International Diabetes Federation.

Sanofi's diabetes product line raked in sales of 1.9 billion euros ($2.13 billion), contributing about 20 percent to the company's total sales in the second quarter.

Sales in this strategic unit have been hurt by continued pricing pressure in the United States.

Google's life sciences unit is already collaborating with Swiss drugmaker Novartis AG  (VX:NOVN) to develop contact lenses to help diabetics track blood glucose levels or restore the eye's ability to focus.

It has also tied up with DexCom Inc (O:DXCM), a maker of continuous glucose-monitoring (CGM) devices, to develop a CGM device the size of a band-aid that can be worn on the skin.

The company is also working with Biogen Inc (O:BIIB) to study the progression of multiple sclerosis.

The life sciences division is part of Google X labs, which is testing self-driving cars.

© Reuters. Woman walks past a logo of Google at the Global Mobile Internet Conference (GMIC) 2015 in Beijing

($1 = 0.8906 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.