Verily co-founder jumps to health care venture firm

Vikram Bajaj, the former co-founder of Google life sciences startup Verily and chief scientific officer of cancer biotech company Grail, has joined Foresite Capital as a managing director. Foresite is a venture capital and private equity firm that invests in health care companies.

Looking ahead: Bajaj will help identify companies that personalize medicine and treatment based on people's individual genetic code. Jim Tananbaum, Foresite's CEO, told Axios that hiring Bajaj and others is about expanding the scope of investable companies. "The world is going to favor the superior product, clinically, and the product that reduces costs to the system," Tananbaum said.