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BioAge Labs Announces Multi-Year Collaboration with Novartis to Discover Novel Targets for Therapies Addressing Age-Related Diseases
Dec 18, 2024•over 1 year ago
Contract Type
partnership
Description
BioAge Labs, Inc. has announced a multi-year research collaboration with Novartis to identify and validate novel therapeutic drug targets related to aging and the beneficial effects of physical exercise. Novartis will pay up to $20M in upfront payments and research funding, with BioAge having the potential to receive up to $530M in future long-term research, development, and commercial milestones.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months