Bayer, One Drop Agree to Digital Health Products Development Deal
August 24 2020 - 7:52AM
Dow Jones News
By Mauro Orru
Bayer AG said Monday that it has entered into an agreement with
U.S.-based digital health company One Drop for the development of
digital-health products for various therapeutic areas.
The deal has a value of $98.7 million.
One Drop said it has secured a $34.7 million Series C financing
from Bayer and $64 million in development fees and potential
commercial milestone payments.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
August 24, 2020 07:37 ET (11:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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