Enlight: Pharmas Collaborate on Novel Start-up

 
• By Ellen Licking

Merck, Lilly and Pfizer team up with PureTech Ventures to form Enlight Biosciences, a novel start-up developing next-generation technologies that promise to speed the way drugs are found and developed.

For at least the last five years, drug companies have been complaining that venture capitalists, focused on in-licensing, have abandoned investments in novel technologies. An exaggeration, to be sure--given the large number, for example, of new large-molecule start-ups. But certainly directionally correct.

So if the VCs won’t do what you want, do it for them. Or at least with them. On July...

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