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Google to form health company led by Genentech chairman

(Reuters) Google Inc said it plans to set up a new company called Calico, headed by Apple Inc and Genentech Chairman Art Levinson, to develop technologies to tackle health issues related to aging.
The new company will be run separately from Google, the world's largest Internet search company, with a focus on issues including life-threatening diseases and problems affecting mental and physical agility due to aging…
Google's investment in Calico is "significant" and designed to allow the organization to invest in different projects, a source familiar with the matter told Reuters.
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