Google said it plans to set up a new company called Calico, headed by Apple and Genentech chairman Art Levinson, to develop technologies to tackle health issues related to aging.
The new company will be run separately from Google,
Roche Holding and Genentech said on Monday a study into the benefits of combining their Tarceva and Avastin drugs for lung cancer patients did not show an increase in overall survival.
Both drugs are targeted therapies -- modern medicines
Swiss drugmaker Roche Holding has offered to acquire all outstanding shares in its US partner Genentech for $43.7 billion.
Roche, which already owns 55.9 percent of Genentech, said on Monday it would offer $89 per share to buy up the