DGAP-News

Aladdin Healthcare Technologies will obtain an equity stake in public spinoff No-Age Biotech Inc. at TSX, aimed to combat age-related diseases

DGAP-News: Aladdin Healthcare Technologies SE / Key word(s): Miscellaneous/Investment Aladdin Healthcare Technologies will obtain an equity stake in public spinoff No-Age Biotech Inc. at TSX, aimed to combat age-related diseases 24.09.2020 / 10:50 The issuer is solely responsible for the content of this announcement. Aladdin Healthcare Technologies will obtain an equity stake in public spinoff No-Age Biotech Inc. at TSX, aimed to combat age-related diseases

- Aladdin has agreed to obtain a 25% equity stake in No-Age Biotech Inc., publicly traded spinoff at TSX, in late 2020.

- No-Age Biotech will be focused on the development of therapeutics to combat age-related diseases.

- Aladdin plans to develop a bespoke drug discovery platform to be contributed to No-Age Biotech in exchange for its stake.

- No-Age Biotech will be targeting an initial valuation of $50 - $75 million or their Series A investment round.

BERLIN/LONDON, September 24, 2020 - Aladdin Healthcare Technologies SE ("Aladdin", ISIN: DE000A12ULL2), a leading developer of Artificial Intelligence (AI) based healthcare diagnostics and drug discovery applications, has agreed to obtain an equity stake in a spin-off company at the TSX (Toronto Stock Exchange) in late 2020. The spinoff has just been established and will be named No-Age Biotech Inc. The deal is subject to final terms that will be agreed in October this year. Aladdin will inform the capital market about the agreement with a further press release at an appropriate time.

Among the other founding shareholders, there are renowned and experienced professionals in the field of age-related diseases: Professor David Rubinsztein, Fellowship of the Academy of Medical Sciences and Fellow of the Royal Society, who is the Deputy Director of Cambridge Institute for Medical Research, University of Cambridge; NO-Age, a Norwegian integrated, interdisciplinary, center for human ageing research at international top level.

Wade Menpes-Smith, CEO of Aladdin Healthcare Technologies, comments: "Aladdin plans to develop a bespoke drug discovery platform which we intend to contribute to No-Age Biotech in exchange for the 25% stake. We also expect to become the exclusive AI provider to No-Age Biotech and generate an annual fee for both development and management of the AI platform, therefore bringing significant potential value to Aladdin."