Fig. 1 – Research activity at the intersection of GLP-1s and dementia and Alzheimer’s disease, 2010–2025. Clinical trial starts, publications, and presentations identified in Definitive Healthcare data.
Brain health: The most urgent, and humbling, frontier
Worldwide, 55 million people are living with Alzheimer's disease and other dementias. In the U.S., Alzheimer's caused nearly 117,000 deaths in 2025 and is one of the most expensive conditions in the Medicare system. Despite decades of research, no treatment stops the disease or restores lost cognitive function.
Definitive Healthcare claims data shows the burden is growing. After a dip in 2021, the rate of Medicare patients with a documented Alzheimer's disease and related dementia (ADRD) diagnosis rose every year through 2025, increasing 6.2% overall from 8,756 to 9,302 per 100,000 beneficiaries between 2020 and 2025.
ADRD diagnosis rates among Medicare patients, 2020–2025
Fig. 2 - Patients with a documented Alzheimer’s disease and related dementia (ADRD) diagnosis per 100,000 Medicare Part B patients represented in Definitive Healthcare claims data, 2020–2025.
The two marketed anti-amyloid antibodies, Kisunla and Leqembi, slow decline in early Alzheimer's but don't restore lost function, and both carry a risk of brain bleeding (ARIA) that requires MRI monitoring. Those limits have intensified the search for better interventions: 158 Alzheimer's drugs were in clinical trials as of 2026, targeting everything from amyloid and tau to inflammation, metabolism, and neuroprotection.
Diagnosis must move upstream
Clinical trials have reinforced a hard lesson: By the time cognitive symptoms appear, some of the underlying damage may be irreversible. Alzheimer's pathology can begin developing 10 to 20 years before symptoms emerge, and patients want earlier answers. In an Alzheimer's Association survey, 79% of adults age 45 and older said they would want to know they had the disease before symptoms interfered with daily life.
The demand for earlier answers is increasingly meeting a new diagnostic reality. Four FDA-cleared blood tests for Alzheimer's pathology are now available in the U.S., and in 2026, Quest Diagnostics and Labcorp both announced plans to offer Roche's p-tau217 test through their national networks. For now, these tests support diagnosis in patients with symptoms rather than population-wide screening. But wider use could help clinical trials identify patients earlier and broaden the pool eligible for emerging treatments.
The Medicare annual wellness visit (AWV), which requires providers to check for cognitive impairment, is a growing entry point for early detection. According to Definitive Healthcare data, the share of Medicare Part B patients receiving an AWV climbed from 29% in 2020 to 45% in 2025. As these visits reach more older adults, they create more opportunities to spot cognitive risk early, and a larger potential channel for companies developing neurodegenerative disease diagnostics.
Annual wellness visit rates among Medicare patients, 2020–2025
Fig. 3 - Annual Wellness Visit (AWV) claims rate per 100,000 Medicare Part B patients represented in Definitive Healthcare claims data, 2020–2025.
The forces shaping what comes next
Capital is flowing in. Longevity biotechs raised $18.4 billion in 2025 and another $12.1 billion through early September 2026, according to PitchBook data compiled by Longevity.Technology. NewLimit's $435 million raise in 2026 valued the company at a reported $3.1 billion. The growing pool of venture-backed companies creates more potential assets and technologies to evaluate for licensing, partnerships, or acquisitions.
Big Pharma is buying in. Novartis created a dedicated Diseases of Aging and Regenerative Medicine division and signed a $550 million target-discovery partnership with BioAge Labs. Eli Lilly invested in NewLimit, and Roche’s Chugai struck a deal worth up to $250 million with AI-driven Gero, signaling growing pharma confidence in gerotherapeutics as a potential commercial class.
AI is compressing timelines. Insilico Medicine’s rentosertib, an AI-discovered drug for idiopathic pulmonary fibrosis, went from target identification to a Phase 2a readout in under four years and entered Phase 3 in 2026. For companies pursuing therapies for age-related diseases, that kind of acceleration could make it more practical to investigate biological targets that might otherwise take years to validate.
Regulation remains a hurdle. The FDA doesn’t recognize aging as a disease, and lifespan is an impractical trial endpoint. Developers must instead pursue disease-specific indications for anti-aging-related therapies. Validated biological-age biomarkers could eventually open a new path, and the federal government’s ARPA-H has committed $144 million to PROSPR, a program supporting research to extend healthy lifespan and validate measures of healthspan. But no aging biomarker has yet been qualified by the FDA as a surrogate endpoint.
Reimbursement will be the next test. Who pays for a therapy designed to prevent diseases that occur years into the future or not at all, often after a patient has moved to a different insurer or to Medicare? Until therapies show measurable benefits within a payor’s decision-making horizon, commercialization will rely on disease-anchored indications, such as optic neuropathies or age-related macular degeneration, with value-based or risk-sharing agreements as possible paths beyond.
The road ahead
Longevity still has substantial hurdles to clear. Most programs are early, aging is not an approved therapeutic indication, and no intervention has yet shown it can extend healthy human life.
But the field is gathering momentum. Partial reprogramming has reached human trials, GLP-1s are generating a growing body of aging-relevant data, and pharma and government are investing in the science and the measurement tools needed to test it. The next few years could determine whether modifying aging biology becomes the next major therapeutic frontier or remains a promising hypothesis. Companies that engage now will help shape which targets, technologies, and development models define the field.
Want to dive deeper? Download the 2026 Industry Pulse: Life Sciences report for an in-depth look at the longevity field and the forces shaping its growth.
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