Google life sciences spinout Verily lines up $1 billion investment

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Google life sciences spinout Verily Inc. lined up a $1 billion investment — the largest biotech investment of the past 12 months — as it looks at strategic partnerships, new businesses globally and potential acquisitions. The South San Francisco-based company, part of the portfolio of Alphabet Inc. (NASDAQ: GOOG) said the round was led by technology investor Silver Lake, which has offices in the Bay Area, New York, London and Hong Kong, and new investors including the Ontario Teachers' Pension...

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