Even 10 years ago, the idea of reversing aging and conquering human mortality was still fringe science, seen as snake-oil research by most scientists, large pharmaceutical companies, and the public. What a difference a decade makes. Anti-aging science is poised to become a major industry in the biotech world.
To prove its promise, the first million-dollar bet on who can live the longest (for company stock—a signed deal likely made public later this week) was recently struck. It was made last month by two leading longevity advocates at the biggest annual healthcare investing event of the year, the JPMorgan Health Care Conference.
Dmitry Kaminskiy, senior partner of Hong Kong-based technology venture fund, Deep Knowledge Ventures, and Dr. Alex Zhavoronkov, PhD, CEO of bioinformatics company Insilico Medicine Inc. which specializes in drug discovery and drug repurposing for aging and age-related diseases, signed a wager to indicate exactly how sure they are that science is turning the tide against the eternal problem of human aging.
The terms go like this:
- If one of the parties passes away before the other, $1 million dollars in Insilico Medicine stock will be passed to the surviving party
- The agreement will vest once both parties reach 100 years
- Parties agree not to accelerate each other's demise (i.e. try to kill each other)
"Longevity competitions may be a great way to combat both psychological and biological aging," Dr. Zhavoronkov emailed me. "I hope that we will start a trend." He sees longevity bets catching on around the world, and thinks if people will embrace competition to live longer, they may leave behind a global culture that largely accepts aging and human death as a given.
Kaminskiy agrees. "I would really like to make similar bets with Bill Gates, Elon Musk or Mark Zuckerberg so they could live longer lives and create great products, but I don't think they will be worthy competitors on longevity," he wrote me in an email. "But I would like to challenge Sergey Brin and Larry Page to a similar competition due to their seemingly high interest in the sphere and Calico project."
There's been a plethora of activity recently in the longevity field, also known as life extension science, the practice of trying to find ways to stop aging and disease. Its supporters are often called life extensionists, transhumanists, and immortalists, and they aim to use medical discoveries in regenerative medicine, stem cells, tissue rejuvenation, molecular repair, pharmaceuticals, and organ replacement as means to live longer.
Reuters reported that Dr. Aubrey de Grey, a leading biomedical gerontologist and chief scientist at SENS Research Foundation, thinks scientists may be able to control aging in the near future, "I'd say we have a 50/50 chance of bringing aging under what I'd call a decisive level of medical control within the next 25 years or so."
The last two years have seen the creation of major anti-aging companies, such as Google's Calico and J. Craig Venture's new San Diego-based genome sequencing start-up Human Longevity Inc., (co-founded with Peter Diamandis of the X-Prize Foundation and stem cell pioneer Robert Hariri) which already has 70 million dollars in financing. Billionaires like Larry Ellison and Peter Thiel are also funding research into longevity science.
There's a growing stream of anti-aging studies, discoveries, and projects appearing in science journals and major media—the US political Transhumanist Party has made dedicating national resources to life extension science its top priority for Americans.
"Seems like a new investment boom is coming, resembling the Dot Com boom,"
So is this kind of longevity wager just a gimmick, or can it actually help anti-aging science out? Andrew Garazha, an analyst at England-based biotechnology and regenerative medicine company Aging Analytics, who witnessed the bet and first told me about the story, explained the significance in an email:
The bet signifies:
1. We are very confident that lifespans will be extended dramatically
2. Competing for longevity provides extra incentives to take care of our health today and try various approaches to extend lifespans
3. Competing for longevity provides extra motivation to live
Garazha has a point about competition. Historically speaking, other competitions and bets have been made to further science and humanity's ambitions. Napolean Bonaparte offered 12,000 Franks for anyone who could learn to preserve food, something that would greatly help his far-off military campaigns. The winner was Nicolas François Appert, whose method of boiling and sealing food in bottles in 1809 led to canned food.
Longevity competitions themselves may seem new and futuristic, but they have some historical precedence. A moderately popular investment annuity plan in Europe in the 18th and 19th centuries called tontinesencouraged
A more well-known longevity bet was made by 90-year-old Jeanne Calment and attorney Andre-Francois Raffray. The agreement was that Raffray would pay her a monthly amount of $500 while she was living—but he would inherit her apartment after she died. Given her old age, it seemed like a prudent business move. But
If the bet between Kaminsky and Zharvorokov seems a like a way to generate publicity hype for longevity science, that's because it is. But like many other longevity leaders, they are not in this
"Technology is evolving so fast,"