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AbbVie partners with Google to develop new drugs for aging

AbbVie partners with Google to develop new drugs for aging

A startup backed by Google, the Silicon Valley powerhouse whose innovations range from its eponymous search engine to self-driving cars, is teaming up with a North Chicago drug company to develop treatments for diseases tied to aging. Drugmaker AbbVie and Calico, which is funded by Google but operates independently, said Wednesday that they've formed a partnership to spend up to $1.5 billion to research and bring to market novel drugs and treatments for everything from cancer to Alzheimer's disease. As part of the deal, AbbVie and Calico each will provide $250 million to launch the venture, which includes establishing a research and development center in the San Francisco Bay...

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