Merck Allocates $500 Million to Venture Capital
Biotech investments could restock the drugmaker’s much-depleted pipeline, if more successful than previous efforts.
Udayan Gupta
November 1, 2011
Seamless pipes produced by OAO TMK sit stored on the production line at the company's steel-smelting complex in Volzhsky, near Volgograd, Russia, on Thursday, Sept. 22, 2011. RussiaÕs largest producer of steel pipes for the oil and gas industry, isnÕt planning a secondary offering this year, its billionaire owner Dmitry Pumpyansky said. Photographer: Andrey Rudakov/Bloomberg
Andrey Rudakov/Bloomberg
