Alphabet's biotech company, Verily, is laying off its remaining staff in Israel as it looks to lean up in preparation for a potential initial public offering. The cuts will affect 30 people.
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Alphabet's Verily is helping fight the Coronavirus by setting up testing sites in California. It has also created an online tool to help people figure out if they have the disease.
Alphabet's Verily has allegedly been seeking a partner to co-develop smart shoes that can detect falls, and track weight and movements. The firm has allegedly shown prototypes in private meetings.
Alphabet's Verily has received FDA approval for its health watch for use as an ECG. The study watch is being created to gain insight into conditions such as Parkinson's disease and PTSD.
Alphabet has reported its Q2 2018 earnings. Despite the massive fine that the EU levied on it earlier this month, things are still looking good for the firm with ad revenues increasing.
Verily is allegedly working on a new project that makes blood extraction easier. The in-development watch shoots needles into the skin and retrieves them with magnets, then analyses the blood.
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