Sunday, January 12, 2014

A Long Way from Search: Google-X Team To Meet With the Food and Drug Administration (GOOG)

From Bloomberg:
Google X Staff Meet With FDA Pointing Toward New Device
 Google Inc. (GOOG) sent employees with ties to its secretive X research group to meet with U.S. regulators who oversee medical devices, raising the possibility of a new product that may involve biosensors from the unit that developed computerized glasses.

The meeting included at least four Google workers, some of whom have connections with Google X -- and have done research on sensors, including contact lenses that help wearers monitor their biological data. Google staff met with those at the Food and Drug Administration who regulate eye devices and diagnostics for heart conditions, according to the agency’s public calendar.

As technology and medicine merge to give consumers more control over their health, innovators from mobile-health application developers to DNA analysis companies have struggled to meet the demands of federal oversight. The FDA ordered Google-backed 23andMe Inc. in November to halt sales of its personal gene test, saying it hadn’t gained agency approval. 
Google, expanding beyond its core search-engine business, is investing in long-term projects at its X lab that may lead to new market opportunities, including the Glass devices, driverless cars and high-altitude air balloons to provide wireless Internet access. While some projects may not deliver significant profits and revenue, the company is committed to making bets on research and development, according to Chief Executive Officer Larry Page....MORE
It all ties together:

Teach the Kids (or yourself) to Code or What is the Founder of Google-X Up To?
Why Google Bought DARPA-funded Robot Maker Boston Dynamics (GOOG)
Google Launches the Quantum Artificial Intelligence Lab (GOOG) "Google begins launching Internet-beaming balloons" (GOOG)
"Are Ross Perot Jr. and Google's Founders Launching a New Asteroid Mining Operation?"

Google figures out the simplest, most profound way to send money: over email" (GOOG)
Google As God: The Case of Andreessen Horowitz-backed Rap Genius (GOOG)
"Tesla’s Musk: Good Chance of Google Partnership, $35,000 Auto" (TSLA)"
Note to Gen X: Kill the Boomers NOW 
"Why is Google's Eric Schmidt heading to North Korea?" (GOOG)
"San Francisco Mystery Google Barge Revealed: It's A VIP Party Boat" (GOOG