(RTTNews) - Merck (MKGAY.PK) said it has allocated new investment of 600 million euros to M Ventures which will be deployed over the next five years. The company said the new capital will allow M Ventures to continue to utilise its expertise to create and finance a new and larger portfolio of innovative companies that align with the future strategies of Merck businesses.
Belén Garijo, CEO of Merck, said: "Given its extensive expertise in identifying new technologies and capabilities, we aim to increase our annual financial investments. This will enable M Ventures to continue to advance our pioneering innovation strategy, to deliver sustainable business performance and to be a catalyst for innovative companies to develop breakthrough technologies."
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