Temasek buys $800M stake in Verily

Temasek Holdings will invest $800 million in Verily Life Sciences LLC (Mountain View, Calif.) in exchange for an undisclosed minority stake. Formerly Google Life Sciences, Verily is a subsidiary of Alphabet Inc. (NASDAQ:GOOG), Google’s parent company.

Verily is developing health data collection tools, medical devices and bioelectronic medicines. The company said Singapore-based Temasek will provide guidance as the company seeks to expand into ex-U.S. markets...