Mahana Therapeutics and Bayer in multi-million dollar partnership to commercialize digital therapeutics
The partnership’s aim will be to commercialize digital therapeutics that Mahana specializes in for prescriptions.
“This historic partnership is among the first major investments ever made by a global life sciences company into the emerging marketplace for digital therapeutics. Mahana is proud to collaborate with the Bayer team who share our view that digital therapeutics are a critical part of the future of healthcare,” said Simon Levy, CEO of Mahana.
“Through this agreement, we can further expand the availability of our innovative prescription digital therapeutics for patients and their caregivers around the world who seek effective treatment for chronic conditions.”
Increase informed choices for patients
Earlier this year, Bayer announced the launch of a new business unit focused on delivering new digitally enabled precision health products to market. The company says it is prioritizing development of products that enable people to take greater control of their own personal health through digital solutions that facilitate more informed choices based on personal insights and novel delivery mechanisms.
David Evendon-Challis is head of R&D and chief scientific officer for the consumer health division of Bayer.
He added, “Digital therapeutics are a perfect addition to our portfolio of care and tap into new tech-savvy consumers looking for drug-free treatments as well as help eliminate gaps in care provision. We’re excited to partner with Mahana Therapeutics and enter the field of digital therapeutics in consumer health.”
Mahana Therapeutics says its prescription digital therapeutics are designed to empower patients with chronic conditions to live fuller lives. The company’s first product, Mahana IBS, was the first digital therapeutic to receive FDA clearance for the treatment of IBS and provides cognitive behavioral therapy (CBT) to adults with IBS.
