Galvani Bioelectronics

Galvani Bioelectronics
Subsidiary
Industry Bioelectronics
Founded November 2016[1]
Founders
[2]
Headquarters Stevenage[3], United Kingdom[1]
Key people
 Kristoffer Famm (President)[4]
Parent GlaxoSmithKline (55% equity interest)[3]
Website galvani.bio

Galvani Bioelectronics is a United Kingdom-based bioelectronics R&D company founded by Alphabet Inc. subsidiary Verily Life Sciences and British pharmaceutical company GlaxoSmithKline (GSK) in November 2016.[1][2] The partnership to form the company was announced on 1 August 2016.[3]

Verily has a 45% equity interest while GSK has a 55% equity interest, making GSK the effective owner.[3] The initial agreed upon investment between the two companies is up to £540 million over a period of seven years.[3] Additionally, both companies agreed to contribute their existing intellectual property rights.

The company is based in Stevenage.[5]

References

  1. 1 2 3 "Galvani Bioelectronics Website". Galvani Bioelectronics. Retrieved 24 December 2016.
  2. 1 2 "Galvani Bioelectronics". Verily Life Sciences website. Retrieved 24 December 2016.
  3. 1 2 3 4 5 Temperton, James (1 August 2016). "GSK and Google just created a £540m bioelectronic health firm". Wired (website). Retrieved 24 December 2016.
  4. ↑ "Kristoffer Famm Ph.D. - Galvani Bioelectronics". Galvani Bioelectronics. Retrieved 25 December 2016.
  5. ↑ Kollewe, Julia (2017-08-28). "Electroceuticals: the 'bonkers' gamble that could pay off for GlaxoSmithKline". the Guardian. Retrieved 2018-08-03.
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