Merck commits $5 million to Quebec's CQDM

Merck Canada is investing a further $5 million over five years in the Quebec Consortium for Drug Discovery (CQDM), a not-for-profit organization of which Merck is a founding member (R$, June 20/08). The investment is part of a 2010 pledge Merck made to support Quebec-based R&D, which coincided with its decision to shutter its Merck Frosst Centre for Therapeutic Research as part of a global restructuring (R$, July 19/10). CQDM aims to pool expertise and financial resources from all sectors and focus on pre-competitive projects....