Google has announced on Wednesday that it will form a new company, Calico, that will focus on the effects of aging and illness - more specifically, how to...

Google has announced on Wednesday that it will form a new company, Calico, that will focus on the effects of aging and illness - more specifically, how to extend human life. The independent firm will be run by Arthur Levinson, former CEO of biotech pioneer Genentech. With some longer term, moonshot thinking around healthcare and biotechnology, I believe we can improve millions of lives, Google CEO Larry Page said. Calico will be making longer-term bets than most health care companies do. In some industries, says Page, it takes 10 or 20 years to go from an idea to something being real. Health care is certainly one of those areas. We should shoot for the things that are really, really important, so 10 or 20 years from now we have those things done. Class A shares of Google were up $2.88 to $888.99. The stock is up 26% this year. (VIEW LINK)