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Germany's Merck Serono Launches Venture Fund for Early-Stage Biotechs

Merck Serono, a division of Germany's Merck, said this week that it has formed Merck Serono Ventures to invest in emerging biotechnology companies.

The fund, which has an initial commitment to invest up to €40 million ($54.2 million) over the next five years, will support biotech startup companies that have the potential to provide innovative products in Merck Serono's core therapeutic areas, the company said.

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