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EDB unit teams up with Philips to invest in healthcare companies

Chu Swee Yeok, EDBI's CEO and president, said: "We are pleased to partner Philips for joint investments in PHM companies.


EDBI, the corporate investment arm of the Singapore Economic Development Board, has signed a Memorandum of Understanding with Royal Philips to jointly invest in high-potential digital-health companies from around the world which are seeking to break into the Asian market through...