How do you feel that the venture unit has changed the parent, particularly given how long you have been at Merck?
I started this venture unit as part of Merck, and as a pure-play healthcare therapeutics focused fund, investing strategically for the benefit of Merck’s pharma business. It improved the reputation of the corporate to a large extent. It has also put them in a place where they have been able to partner several of our portfolio companies.…
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