German software magnate Dietmar Hopp, who founded SAP, has been putting money into biotechnology over the past few years. He invested $20 million into Cytonet seven years ago to develop liver cells as a substitute for transplants. But he's sunk €320 million into a total of 15 biotech companies, making him the biggest investor in Germany's biotech industry. And he has ambitious plans to grow them into major players in the biotech world.
- read the article [1] on Hopp from Spiegel Online
Related Articles:
Gates spends $450M to promote medical innovations. Report [2]
Gates Foundation restructures, refocuses. Report [3]
Links:
[1] http://www.spiegel.de/international/business/0,1518,488594,00.html
[2] http://www.fiercebiotech.com/story/gates-spends-450m-to-promote-medical-innovations/2005-12-06
[3] http://www.fiercebiotech.com/story/gates-foundation-restructures-refocuses/2006-12-01