“Pfizer to invest up to $500 million in public drug developers”
June 2, 2020
“Pfizer Inc <PFE.N> 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…”
https://finance.yahoo.com/news/pfizer-invest-500-million-public-144658488.html