By Antonia Di Lorenzo

Bayer AG (BAYN.XE) is investing in U.S.-based digital health company Informed Data Systems Inc., with the two companies also signing a commercial licensing agreement.

The pharmaceutical and chemical giant said Tuesday it is investing $20 million in the company in a Series B financing. The parties also signed a $10 million commercial-licensing agreement to develop and commercialize Informed Data Systems' One Drop digital therapeutics platform for multiple therapeutic areas.

Write to Antonia Di Lorenzo at antonia.dilorenzo@wsj.com; @AntoniaDL89

(END) Dow Jones Newswires

September 17, 2019 08:17 ET (12:17 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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