Pfizer to infuse up to USD 500 million in public drug developers
Pfizer said it will make non-controlling investments in the biotechs with small- to medium-sized market capitalizations, but did not identify them.;
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US: Pfizer Inc said on Tuesday it will invest up to $500 million into publicly-traded drug developers to fund their treatment candidates and provide access to the U.S. drugmaker's scientific expertise.
Pfizer said it will make non-controlling investments in the biotechs with small- to medium-sized market capitalizations, but did not identify them.
The move comes at a time when the COVID-19 pandemic has led drugmakers to delay their clinical trials testing various therapies.
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