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
Ref: Bayer | Image: Getty Images
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