Sometime back I wrote an article about GSK helping the new start-ups by being VC or angel investor on its own, Novartis and Roche has been in this business of being VC for quite sometime, this year perhaps the company in which Novartis had invested, and it went onto acquire the company last month. Today the news was that Lilly has also entered into financing deals in pharmaceutical sector with $200 Million funds, I am waiting for Pfizer and Merck entry sooner by this year end.
Wednesday, August 05, 2009
Big Pharma - Next move as VC's
Sometime back I wrote an article about GSK helping the new start-ups by being VC or angel investor on its own, Novartis and Roche has been in this business of being VC for quite sometime, this year perhaps the company in which Novartis had invested, and it went onto acquire the company last month. Today the news was that Lilly has also entered into financing deals in pharmaceutical sector with $200 Million funds, I am waiting for Pfizer and Merck entry sooner by this year end.
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