Google inks deal to build tiny blood glucose monitoring devicesAugust 12, 2015 - 18:40 AMT PanARMENIAN.Net - Google has inked a deal with healthcare firm Dexcom to build miniature blood glucose monitoring devices for diabetics, The Next Web reports. The company plans to design and manufacture Continuous Glucose Monitoring (CGM) wearables the size of a dime. To do so, it’s teaming up with Google’s Life Sciences division, which is now being spun off as a wholly owned subsidiary of Alphabet, creation of which was announced a couple of days ago. In exchange for Google’s miniaturization know-how, Dexcom will make an initial upfront payment of $35 million in its common stock, R&D milestone payments up to $65 million in DexCom’s choice of cash or stock, and revenue-based royalties between 5 and 9 percent once the products are launched and have achieved a certain level of revenue. Andrew Conrad, head of the Life Sciences team at Google, said: “We’re committed to developing new technologies that will help move health care from reactive to proactive. This collaboration is another step towards expanding monitoring options and making it easier for people with diabetes to proactively manage their health.” Life Sciences is also working on a way to detect diseases early with the use of smart nanoparticles that will move through a patient’s bloodstream and identify signs of nascent health problems. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement Blinken said it is an important step towards concluding a durable and dignified peace agreement. Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday. Up to 10% cashback from GetTransfer with IDBank cards IDBank clients who make their booking on GetTransfer will receive an exclusive cashback. European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 |