Verily just presented for the first time at JPMorgan's big health conference. Here's how the CEO of Alphabet's life sciences firm laid out the unusual business to top investors.
Often, the work can seem like a collection of random projects.
"Sometimes if you just read some of the press, it seems like we're doing a bunch of disparate projects, but that's not true," Conrad said. Conrad used the presentation as a chance to explain Verily's strategy. He also highlighted a recent hire, former Tesla chief financial officer Deepak Ahuja,He laid out Verily's three businesses: care solutions, like its work managing diabetes via Onduo; research solutions, in which Verily partners with hospitals and pharmaceutical organizations in how they conduct clinical trials; and innovation solutions, which is meant to fill in gaps found through the first two businesses.
. Verily was able to show that a virtual program incorporating blood sugar readings, taking pictures of food, and lifestyle monitoring, is helping people living with type 2 diabetes. Verily spun out of Google's Google X division as part of the creation of Alphabet in 2015. The company has taken in $1.8 billion in outside investments. In 2019,
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