Galvani Bioelectronics
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| Company type | Subsidiary |
|---|---|
| Industry | Bioelectronics |
| Founded | November 2016[1] |
| Founders | [2] |
| Headquarters | , |
Key people | Kristoffer Famm (President)[4] |
| Parent | GlaxoSmithKline (55% equity interest)[3] |
| Website | galvani |
Galvani Bioelectronics is a Stevenage, United Kingdom-based[5] bioelectronics R&D company.
History
[edit | edit source]It was 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][6] and will be used "to develop prototype devices aimed at controlling a variety of chronic conditions."[7] Additionally, both companies agreed to contribute their existing intellectual property rights.
In November 2021, a team of laparoscopic surgeons successfully completed the first implantation of a Galvani device in a patient. [8]
References
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External links
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