Bayer and One Drop Collaborate to Develop Digital Therapies Across Multiple Therapeutic Areas

Shots:

• The two partners will jointly enhance the existing platform utilizing One Drop’s know-how and capabilities of the One Drop platform and will co-develop digital health therapies across multiple therapeutic areas               
• One Drop will receive $98M financing, development fees and commercial milestones while in exchange Bayer will receive royalties on sales. In the future, Bayer may also support the commercialization of the jointly developed digital products
• The collaboration allows Bayer to accelerate its evolution towards a digital health business with a focus to provide integrated care patient service offerings

Click here ­to­ read full press release/ article | Ref: Bayer | Image: Getty Images