Eli Lilly Investing Up To $150 Million in 3 VC Funds: Report

Eli Lilly & Co. will invest as much as $150 million in three venture capital funds, Bloomberg reported. The financing will be used to help develop new drugs. The three venture-capital firms Lilly selected have more than $1.5 billion under management, Darren Carroll told Bloomberg. Carroll is vice president of the Lilly group that oversees venture investments.

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