"Building new digital business models is a key element of our business strategy with the ambition to actively shape the future of healthcare," said
In 2019, Bayer invested
"To deliver better health outcomes and cost savings at a population level, we must focus on individuals," said
Integrated care solutions will enable patients to manage independently multiple chronic and complex conditions and support health interventions. They provide the potential to optimize individual care plans, to help implement remote care including monitoring, personalized interventions and healthcare professional follow-ups and thereby help sustain patient self-care.
Under the terms of the agreement, both partners will jointly enhance the existing platform utilizing One Drop's know-how and capabilities of the One Drop platform and jointly develop digital health products in certain therapeutic areas. Bayer will contribute its medical and data science capabilities and deep disease understanding for various conditions. One Drop will receive development fees and success based commercial milestone payments. In return, Bayer will receive royalties on sales generated by One Drop. In the future, Bayer may also support the commercialization of the jointly developed digital products.
About
One Drop reimagines possible by harnessing the power of clinical science, behavioral science and advanced AI to transform the lives of people with chronic conditions worldwide. One Drop's digital health platform delivers one-on-one coaching and personalized health transformation plans that promote positive behavior change and drive outcomes for all individuals, with the potential to reduce costs for their insurers, employers, and healthcare providers. For more information, go to https://onedrop.today/
About Bayer
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to benefit people by supporting efforts to overcome the major challenges presented by a growing and aging global population. At the same time, the Group aims to increase its earning power and create value through innovation and growth. Bayer is committed to the principles of sustainable development, and the Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2019, the Group employed around 104,000 people and had sales of
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Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
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