ResMed and Verily, a subsidiary of Alphabet (Google’s parent company) focused on life sciences and healthcare, have entered into an agreement to form a new joint venture.
Combining ResMed’s expertise in sleep apnea and Verily’s advanced health data analytics technologies, the US-based joint venture will study the health and financial impacts of undiagnosed and untreated sleep apnea and develop software solutions that enable healthcare providers to more efficiently identify, diagnose, treat, and manage individuals with sleep apnea and other breathing-related sleep disorders.
“The vast majority of people with sleep apnea don’t realize they have it, and therefore don’t seek accessible, effective treatment to mitigate its effects and long-term health risks,” says ResMed chief medical officer Carlos M. Nunez, MD, in a release. “The combined industry expertise, scalable infrastructure, and data analytics capabilities of ResMed and Verily can unlock meaningful ways to identify these individuals and support their journey to improved sleep, health, and quality of life.”
Jessica Mega, MD, MPH, chief medical and scientific officer at Verily, says, “Approaching a widespread health problem like sleep apnea through collecting, organizing and activating health data is central to Verily’s mission. By better identifying at-risk individuals as well as generating real-world evidence regarding the value and effectiveness of treatment, this collaboration has the potential to improve outcomes for millions of people living with sleep apnea and potentially other related conditions.”
The joint venture, subject to customary closing conditions, including regulatory approvals, will operate as a separate venture from ResMed and Verily.