Google today announced the launch of a new company called Calico. The company focuses on health and well-being matters, and Google CEO Larry Page describes it as a “moonshot” initiative that could help millions of people:

Announcing this new investment, Larry Page, Google CEO said: “Illness and aging affect all our families. With some longer term, moonshot thinking around healthcare and biotechnology, I believe we can improve millions of lives. It’s impossible to imagine anyone better than Art—one of the leading scientists, entrepreneurs and CEOs of our generation—to take this new venture forward.” Art said: “I’ve devoted much of my life to science and technology, with the goal of improving human health. Larry’s focus on outsized improvements has inspired me, and I’m tremendously excited about what’s next.”

Notably, Arthur Levinson will be a founder and the CEO of Calico. Levinson used to be a Board Member at Google, and he is currently the Chairman of Apple’s Board of Directors and Genetech. Apple CEO Tim Cook has even commented in Google’s press release about the company:

Tim Cook, Chief Executive Officer of Apple, said: “For too many of our friends and family, life has been cut short or the quality of their life is too often lacking. Art is one of the crazy ones who thinks it doesn’t have to be this way. There is no one better suited to lead this mission and I am excited to see the results.”

TIME has published an extensive profile of the initiative.