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Google-backed research company Calico and biopharmaceutical company AbbVie...

Google-backed research company Calico and biopharmaceutical company AbbVie are planning to build a research and development center in the San Francisco Bay Area to develop anti-aging drugs, including those for neurodegeneration and cancer, said a Calico news release Wednesday (http://bit.ly/1nxeMaY).…

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The companies will each invest $250 million for the project and could each invest an additional $500 million, it said. AbbVie’s research and development experience will “complement Calico’s biotechnology expertise and innovative scientific approaches,” said Michael Severino, AbbVie chief scientific officer, in the release.