Msd'S Venture Unit Plans $38M Spending in Europe and Asia

credit: Barnsley

If you're in the market for a new startup to invest in, you may want to check out this one.

The Global Corporate Venturing (GCV) Leadership Society has just announced the formation of a new fund called the MSD Global Health Innovation Fund, the Wall Street Journal reports.

The fund will invest in early-stage health care technology projects around the world, with a particular focus on emerging markets.

The announcement comes on the heels of a similar deal between the GCV and the Bill and Melinda Gates Foundation.

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