Cipla acquires Wellthy stake to bring digital therapeutics to India
Indian drugmaker Cipla (BSE: 500087) is to acquire an 11.7% stake in digital therapeutics company Wellthy Therapeutics.
Cipla subsidiary Goldencross Pharma will pay 105 million rupees ($1.5 million) and the companies will start work on a partnership to offer digital therapeutics for diabetes and cardiovascular diseases.
"Companion digital therapeutics are redefining the treatment of chronic conditions"Under the agreement, a multi-lingual clinically-validated digital disease management platform will be made available to patients living with these diseases via doctors’ clinics or co-packaging on select Cipla brands.
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