Genentech Inc is on the hunt for partnerships and investment opportunities in medical-technology startups, Chief Executive Officer Ian Clark told Reuters, underscoring the industry's growing interest in digital healthcare. Genentech, which is owned by Roche Holding AG, is interested in mobile health startups that help people monitor diseases.
Clark said in an interview during a conference sponsored by venture fund Rock Health that Genentech was looking for technology similar to an iPhone application that can be used to store photos of an eye condition and monitor its progress. He noted how consumer technology companies, such as Apple Inc and Google Inc, are increasingly moving into healthcare as evolving mobile and digital technology allows more sophisticated monitoring and data collection than in the past. "It's a combination of two things: People are seeing a way forward in healthcare, and there's lots of money in it," he said late on Thursday. "We're looking for technology that we think can help patients."
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