Merck & Co., Inc. (MRK) and Johnson & Johnson (JNJ) Back StartX
9/13/2013 8:02:32 AM
Two Big Pharma companies, Merck (NYSE:MRK) and Johnson & Johnson (NYSE:JNJ), are the latest partners to sign on to support healthcare startups that come out of Stanford University. StartX, the accelerator that spun out of Stanford in 2009, said Thursday at its demo day in Palo Alto (which I watched via live stream) that both companies will provide financial support to StartX Med, the leg of the accelerator devoted to health and health IT ventures. Merck will provide strategic guidance and end-user feedback to digital health, data and analytics companies in the accelerator, while Johnson & Johnson will work with the medical device and biopharmaceutical companies.
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