Merck invests nearly $700 million in M Ventures to seed young companies

Dow Jones2021-12-08

MW Merck invests nearly $700 million in M Ventures to seed young companies

Merck & Co. Inc.'s $(MRK)$ German unit Merck KGaA said Wednesday it will invest an additional 600 million euros ($679 million) into its corporate venture capital arm M Ventures over the next five years, Dow Jones reported. Since its inception in 2009, M Ventures has developed more than 80 companies around the world from founding to spin-off, and has backed the launch of new drugs and technologies. Shares of Merck are down 7.3% so far this year, compared to a rise of nearly 25% by the S&P 500.

-Steve Gelsi

$(END)$ Dow Jones Newswires

December 08, 2021 08:33 ET (13:33 GMT)

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Alfred1007
2021-12-08
Alfred1007
Not the Merck listes in US..

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