Google invests in genetics firm
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Google takes a stake in a biotech firm co-founded by one of the search engine group's presidents.
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Google said that it would grant employees transferable stock options that could be sold as well as exercised.
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As part of its push to become a bigger player in cancer drugs, Genzyme Corp. of Cambridge said yesterday it will buy out business partner Bioenvision Inc. of New York for $345 million , consolidating its ownership of a cancer treatment to which the two companies had been sharing rights.
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Google.org, the philanthropic arm of Google Inc, said on Thursday it is expanding beyond funding for alternative energy to focus on projects in health and combating poverty and climate change.
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Google is forming partnerships with hundreds of smaller media companies that see value in contributing to the site.
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When Google (GOOG:Nasdaq - news - research) went public, its leaders announced that the company was happy to pursue major projects with an uncertain financial payoff.
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The biotech firm advances to next stage of clinical studies in stem cell research.
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Google said Tuesday that it had acquired software company PeakStream, which specializes in software to assist developers in programming for multi-core processors.
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Scientists now have access to a genetic atlas of mouse neurons, courtesy of a $41 million project financed by the co-founder of Microsoft.
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The developing biopharmaceutical company announces a share offering.
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At the last day of the Web 2.0 Summit, attendees learned that having their genome mapped will set them back $300,000 and that&#160;Google&#39;s founders really stress over the prevention and extermination of evil.During a panel of former Google employees, they confirmed to moderator and conference chair John Battelle that, yes, Larry Page and Sergey Brin do factor heavily into business and technology decisions whether they will have evil consequences.WeatherBill CEO David Friedberg belonged to Google&#39;s Corporate Development team and, when negotiating acquisitions, it wasn&#39;t unheard of for either Page or Brin to ask hard questions about the deals if they sensed that the members of companies&#39; management teams had an evil streak, he said.Meanwhile, entrepreneur Bret Taylor, who developed products at Google for four years, said Page and Brin were excellent at steering product teams to think big while reminding them always keep in mind the question of evil.Earlier in the day, genetics maverick J. Craig Venter informed attendees that mapping a person&#39;s genome these days costs about $300,000, but that, as happened with calculators, the price will tumble over time. For instance, if you can wait a couple of years, the cost will probably be closer to $100,000. That&#39;s a bargain compared with the about $70 million that it cost to map Venter&#39;s genome.Venter&#39;s genome is posted on the Internet. He joked that there might come a day when singles on the dating scene will be able to do a Google search for potential mates&#39; genomes, especially if they might at some point consider becoming fruitful and multiplying.The son of a man who died of cardiac arrest at age 59 and of a woman who is still playing golf at 85, Venter has identified genes in his map both for heart disease and longevity. However, he estimates that scientists will need a critical mass of 10,000 human genomes in order to engage in the type of analysis that will lead to major, unequivocal insights about genetic traits.And in a rare display of corporate affection, representatives from Internet archrivals Google and Microsoft sat beside each other at a panel on online maps and exchanged pleasantries.The slightly surreal moment came about halfway through the a panel titled &quot;Edge: Mapping.&quot; Brian McClendon, engineering director and product manager of Google Earth, commended his Microsoft peer Erik Jorgensen, general manager of Live Search, for Microsoft&#39;s support of&#160;Google&#39;s Keyhole Markup Language (KML).KML is the language used to create data files for both Google Maps and its sister desktop application Google Earth. On Monday, Microsoft announced that its&#160;Live Search&#160;engine&#39;s local search component has gained support for KML, giving it access to the wealth of mapping data created with KML and available on the Web.Microsoft and Google can &quot;duke it out&quot; for customer acquisition, but &quot;the fight shouldn&#39;t be on file formats, so cooperating on this makes all the sense in the world,&quot; Jorgensen said during the mini lovefest.
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Human Genome Sciences could see more than $180 million from a new deal with drug maker GlaxoSmithKline. Glaxo has acquired exclusive rights to an experimental drug called Albugon, which Human Genome Sciences
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Millionaires' club sets genome target A $10m carrot is being dangled at biotech firms to encourage them to redouble efforts to make genome sequencing available to individuals.â¦
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A small California company set up by an unnamed investor and a top fertility doctor burst into the stem cell field on Thursday with a report that it is the first lab to clone human embryos and prove it.
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Helicos BioSciences Corp. of Cambridge, a 71-person firm trying to develop a faster way to analyze genes, is planning to go public in a $100 million stock offering.
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IBM (NYSE: IBM), in collaboration with the Genome Institute of Singapore (GIS), today revealed results from a joint research study that could potentially alter our views of how cell processes are regulated.
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An automated-screening initiative funded by the National Institutes of Health could finally provide the tools researchers need to turn knowledge of the genome into new drugs.