MedCity News April 3, 2022
Bayer is committing another €1.3 billion to Leaps by Bayer, the company’s investment arm, to support additional investments in companies developing innovative technologies in healthcare and agriculture. In addition to backing companies developing cell and gene therapies, Leaps has also deployed its cash to startups developing artificial intelligence technologies for a range of applications.
Over the past seven years, Bayer’s investment arm has infused 50-plus companies with more than €1.3 billion. Leaps by Bayer is accelerating its dealmaking pace and Bayer is committing another €1.3 billion, which the multinational corporation estimates will fuel its investment vehicle for two more years.
Bayer announced the capital commitment on Friday during the company’s Breakthrough Innovation Forum, an event that covered the corporation’s plans...