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- The spin-off of Google in the field of life sciences will begin to tackle the opioid crisis.
- Starting this spring, Verily will partner with the Dayton Health Networks in Ohio to create a data-driven rehabilitation center for people with opioid addiction.
- The non-profit initiative will be called OneFifteen and will be headquartered in Montgomery County, Ohio, a region described as a "zero point" for the opioid epidemic .
- "Our goal is to make health information useful so that people can lead healthier lives and face one of the biggest public health crises that the United States has experienced, we feel compelled to" Act, "said the company.
The spin-off of Google's life sciences really wants to tackle the opioid crisis.
On Wednesday, the company announced in a blog that she would be joining two health networks in Dayton, Ohio, to create a data-driven rehabilitation center for people struggling with an opioid addiction.
The company said that during the evaluation of the opioid crisis, she discovered that a common problem was a lack of information for patients, communities and legislators. Really think it can provide the technology to solve this data problem and, hopefully, "advance the understanding of how to treat and promote the sustainable recovery of people with addictions."
The Google-Alphabet life sciences group, which is involved in many health-related projects ranging from diabetes care to the creation of tools for people with movement disorders, said that the problem of opioids in the United States was too important to ignore.
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"Our goal is to make health information useful so that people can have a healthier life," the company said in its blog post announcing the project. "And in the face of one of the biggest public health crises that the United States has experienced, we feel compelled to act."
The initiative will be called OneFifteen and will be headquartered in Montgomery County, Ohio, an area described as being "the zero point" for the opioid epidemic.
Verily is partnering with the Kettering Health Network and Premier Health to create OneFifteen, a nonprofit company. She has also partnered with Alexandria Real Estate Equities to participate in the design and development of the campus, which will provide ambulatory and hospital services.
"We are working on developing a technology campus that can promote recovery and meet the holistic needs of each individual treated," Verily said.
According to a report by CNBC, OneFifteen plans to start seeing patients in the spring of 2019, and the entire campus is expected to be completed by 2020.
A Verily spokesperson did not immediately respond to Business Insiders' request for comment.
In January, Verily raised $ 1 billion during a mega round of funding that, according to CEO Andrew Conrad, "would increase flexibility and opportunity as we expand our strategic areas of focus. ". Last week, reports revealed that the company was interested in integrating sensors into sneakers to monitor a person's health and hoped to attract a footwear industry partner to materialize the concept.
Ruth Porat, Alphabet's chief financial officer, said Monday that, in her earnings report, her earnings from "Other Bets", which include affiliates like Fiber and Verily, stood at $ 595 million. dollars in 2018, up 25% from the previous year. However, the operating loss of all "other bets" increased from $ 2.7 billion in 2017 to $ 3.4 billion in 2018.
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