About one year ago GlaxoSmithKline (NYSE: GSK) set up a division to study the electrical impulses along the peripheral nervous system and develop technologies to read, change, or manipulate these impulses to treat acute and chronic diseases. Now it’s launched a $50 million venture capital fund to invest in companies with pioneering technology in this emerging field of bioelectronics, according to a company statement.
The Action Potential Venture Capital fund, which will be based in Cambridge, Massachusetts, takes its name from the electrical signals that pass along the nerves in the body. Problems with the patterns of these impulses are associated with a broad range of diseases.
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