Only two days after its Alphabet announcement, Google has inked a deal with healthcare firm Dexcom to build miniature blood glucose monitoring devices for diabetics. The company plans to design and manufacture Continuous Glucose Monitoring (CGM) wearables the size of a dime. To do so, it’s teaming up with Google’s Life Sciences division, which is now being spun off as a wholly owned subsidiary of Alphabet. In exchange for Google’s miniaturization know-how, Dexcom will make an initial upfront payment of $35 million in its common stock, R&D milestone payments up to $65 million in DexCom’s choice of cash or stock,…
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