L'Oréal S.A. (OR.PA)
- Reuters
UPDATE 1-Alphabet's unprofitable Verily unit in skin-care deal with L'Oreal
Alphabet Inc's money-losing health tech arm Verily on Thursday announced a new tie-up in its search for sustainable revenue, saying it would study skin health and explore new products with cosmetics maker L'Oreal SA . The company declined to disclose terms of what it called a "strategic, multi-year partnership and research collaboration" with L'Oreal. Executives who have left Verily have criticized it for signing flashy, one-off research collaborations with pharmaceutical companies instead of focusing more attention on landing recurring subscribers to its software for clinical research and disease management.
- Reuters
Alphabet's unprofitable Verily unit in skin-care deal with L'Oreal
(Reuters) -Alphabet Inc's money-losing health tech arm Verily on Thursday announced a new tie-up in its search for sustainable revenue, saying it would study skin health and explore new products with cosmetics maker L'Oreal SA. The company declined to disclose terms of what it called a "strategic, multi-year partnership and research collaboration" with L'Oreal. Executives who have left Verily have criticized it for signing flashy, one-off research collaborations with pharmaceutical companies instead of focusing more attention on landing recurring subscribers to its software for clinical research and disease management.
- GlobeNewswire
L'Oréal and Verily announce first-of-its-kind strategic partnership to advance precision skin health
PHOTO_L'ORÉAL_BIOMETRIC FACIAL RECOGNITION, 3D SCANNING TECHNOLOGY COPYRIGHT L'ORÉAL PHOTO_L'ORÉAL_SMART MIRROR CONCEPT COPYRIGHT METAMORWORKS ISTOCK NEWS RELEASE L’ORÉAL AND VERILY ANNOUNCE FIRST-OF-ITS-KIND STRATEGIC PARTNERSHIP TO ADVANCE PRECISION SKIN HEALTH Clichy, January 20, 2022 - L'Oréal, the world leader in beauty, and Verily, an Alphabet precision health company, announced today a strategic partnership, exclusive in beauty, to advance skin health. The first-of-its-kind partnership in
