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PureTech says two pharma funds invest in Akili

20 July 2016 07:36

PureTech Health notes an $11.9m expansion of its operating company Akili Interactive Labs' Series B financing - bringing the total Series B proceeds to $42.4m.

Amgen Ventures, the venture arm of Amgen, and Merck Ventures BV, Amsterdam, The Netherlands, a subsidiary of Merck KGaA, Darmstadt, Germany (known as M Ventures in the United States and Canada) joined existing investors, including PureTech.

With the investments from Amgen Ventures and M Ventures, Akili now has four relationships with major biopharma companies or their investment affiliates, including its existing partnership with Pfizer, Inc. and an investment from Shire Pharmaceuticals.

Story provided by StockMarketWire.com

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