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Physicians Interactive Holdings (PIH), a mobile and online health information software company in Marlborough, is getting a boost in funding with up to $17 million coming from Merck Global Health Innovation Fund LLC.
The financing includes $8.5 million upfront, with the possibility of another $8.5 million in milestone payments. PIH plans to use the funds to grow four of its products, it said in a news release. As part of the investment, Merck Global Health Innovation Fund will have an executive join the PIH board of directors.
Among the resources PIH provides for physicians, nurses and healthcare professionals are clinical medical reference tools, electronic drug sampling and interactive education through web, mobile and electronic health records channels. Among its platform offerings are clinical updates, market research, data analytics, e-detailing, e-sampling and e-newsletters.
PIH, a division of Skyscape.com, was founded in 1996.
Merck Global Health Innovation Fund, created in 2010, is a $250 million fund aimed at financially supporting breakthroughs in the pharmaceuticals and vaccines business that Merck focuses on.
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