Pharma giant Merck buys stake in FarmIQ

Tue, 03 Mar 2020

Big pharma is getting into local agri-tech with multinational Merck & Co buying a stake in farm-management software developer FarmIQ.The Kiwi company today announced that MSD Animal Health – a Merck subsidiary – had become a minority shareholder, buying a 13.6 percent stake in the business. The dollar value is in the “multi-millions,” but MSD Animal Health is keeping the exact figure confidential.FarmIQ began as a government-sponsored research and development project in the now-defunct Primary Growth Partnership. It only went commercial in...

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