Merck to start $100M e-health venture fund

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Montvale, N.J.--Merck & Co. Inc. will introduce a $100 million venture capital fund that will invest in e-health start-ups. "Our goal is to build a venture capital portfolio of promising emerging companies that can bring added capabilities to [Merck's] core business and also offer attractive long-term investment returns," said CFO Judy Lewent in a statement. Merck Capital Ventures will be headed by Per Lofberg, chairman of Merck-Medco Managed Care, the pharmaceutical giant's benefits manager.
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