AmerisourceBergen to invest $150M in new startup fund for healthcare firms
AmerisourceBergen will contribute $150 million to a new startup fund.AB Health Ventures will begin by investing in early-stage to mid-stage health-related enterprises. AmerisourceBergen, a leading pharmaceutical distributor, is putting $150 million into a corporate venture fund focusing on healthcare entrepreneurs. AB Health Ventures, the wholesale giant's new venture capital fund, will first look to invest in early to midstage health-related firms both in the United States and abroad. According to management, the fund will target investments in businesses focused on pharmacy and distribution innovation, clinical development and commercialisation of pharmaceuticals, practise solutions for healthcare practitioners, and animal health. AmerisourceBergen chairperson, president, and CEO Steve Collis, stated, "I believe that innovation is the driver for sustained progress and change, which is why AmerisourceBergen is committed to adopting bold, innovative measures t...