Never one to shy away from big challenges, Google has announced the formation of a new company aimed at tackling major health and wellbeing issues with a "particular focus on aging and associated diseases."

Going by the name Calico, the new company will be headed by Chairman of Apple and Genentech, Arthur D. Levinson, a move which suggests a renewed spirit of collaboration between two of the biggest and best known names in technology.

There are no further details at this early stage on the company structure, exactly what diseases it plans to target or whether it would work with existing institutions in the health research field.

“Illness and aging affect all our families," says Google CEO Larry Page. "With some longer term, moonshot thinking around healthcare and biotechnology, I believe we can improve millions of lives. It’s impossible to imagine anyone better than Art—one of the leading scientists, entrepreneurs and CEOs of our generation—to take this new venture forward.”

Definitely one for the "watch this space" basket.

Source: Google