GlaxoSmithKline aims to boost its financial performance with electroceuticals

By Jonathan Dyble
With GlaxoSmithKline (GSK) under pressure due to its development line having failed to produce anything of significance of late, the company is putting...

With GlaxoSmithKline (GSK) under pressure due to its development line having failed to produce anything of significance of late, the company is putting faith into the creation of electroceuticals.

In a nutshell, electroceuticals are tiny specialised electronic implants that have the capabilities of treating a variety of diseases including diabetes, asthma, arthritis, hypertension amongst others.

Through its subsidiary company Galvani Bioelectronics, a joint venture with Google’s parent company Alphabet, GSK is looking to become the first firm to effectively manufacture such a device.

See Also:

“Maybe over the next 12 months we’ll have one [a device],” said Kris Famm, the man running the 45 strong team behind the venture, in an interview with The Guardian.

“This is a decade-long endeavour. From the mid-2020s we should see a wave of therapies that will make this [bioelectronics] much more commonplace.”

The emphasis on electroceuticals comes at a time when GSK’s new Chief Executive Emma Walmsley has scrapped nearly one in seven of the company’s development programmes in order to streamline and focus on potentially blockbuster products.

It is understood that the company will remain committed to its development, providing £540mn of funding over the next seven years alongside Alphabet’s Verily division.

Share

Featured Articles

Snowflake: Transforming patient healthcare with Gen AI

Jesse Cugliotta, Healthcare & Life Science at Snowflake, discusses revolutionising healthcare efficiency and improving patient care with Gen AI

Johnson & Johnson: Turning supplier spend into local support

Johnson & Johnson’s Global Supplier Diversity & Inclusion team is growing spending with social enterprises around the globe to expand its impact

Seasonal Affective Disorder’s impact on health & solutions

Dr Ravi Gill & Dr. Naomi Newman-Beinart discuss Seasonal Affective Disorder and its treatments, from vitamin D spray to light therapy

CGI teams up with Totalmobile for digital healthcare service

Digital Healthcare

Deloitte: generative AI can improve access to healthcare

Technology & AI

Wipro & NVIDIA’s revolutionary healthcare uses generative AI

AI & ML