BioCentury
ARTICLE | Finance

Novartis steps up digital health investing

Why Novartis joined Qualcomm to launch digital health tech fund

January 19, 2015 8:00 AM UTC

Novartis AG (NYSE:NVS; SIX:NOVN) further cemented its commitment to digital health through the launch last week of dRx Capital AG, a new investment company that will have up to $100 million for early stage companies with digital health technologies, products or services.

The pharma launched the newco with the Qualcomm Ventures arm of wireless technology company Qualcomm Inc. (NASDAQ:QCOM). ...