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Dec. 8, 2021, 11:08 a.m. EST · CORRECTED

Merck KGaA invests nearly $700 million into venture capital arm M Ventures

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By Steve Gelsi

This replaces an earlier item that incorrectly reported the company making the investment in M Ventures. It has been corrected.

Merck KGaA /zigman2/quotes/206962101/composite MKKGY +2.97% /zigman2/quotes/209909728/delayed XE:MRK +0.03% said Wednesday it will invest an additional 600 million euros (about $680 million) into its corporate venture capital arm M Ventures over the next five years. That's the third increase in financial commitment announced by the Germany-based science and technology company since M Ventures' inception in 2009. "Over the past decade, M Ventures has established itself globally as a leading partner to the biotech and tech venture ecosystems," said Merck KGaA Chief Executive Belén Garijo.

/zigman2/quotes/206962101/composite
US : U.S.: OTC
$ 36.56
+1.06 +2.97%
Volume: 25,028
Nov. 25, 2022 12:37p
P/E Ratio
21.16
Dividend Yield
0.73%
Market Cap
$79.59 billion
Rev. per Employee
$390,503
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/zigman2/quotes/209909728/delayed
XE : Germany: Xetra
175.90
+0.05 +0.03%
Volume: 154,342
Nov. 25, 2022 6:30p
P/E Ratio
22.03
Dividend Yield
1.05%
Market Cap
€76.48 billion
Rev. per Employee
€361,073
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