GoldenGolden
Advanced Search
Bayer

Bayer

German multinational pharmaceutical, chemical, and agricultural biotechnology company

Bayer is a publicly-traded, multinational company headquartered in Leverkusen, Germany. Founded over 150 years ago, its core competencies presently lie in the life science fields of health care and agriculture.

Business Areas

The company's life science unit has 3 main divisions, pharmaceuticals, consumer health, and crop science. It also has an animal health unit as well as a corporate functions business services unit. Also, Bayer has a 60% stake in Currenta, a company offering services for the chemical industry, including utility supply, waste management, infrastructure, safety, security, analytics, and vocational training.

Pharmaceuticals

In terms of sales, Bayer's pharmaceuticals segment is the largest in the company. The focus of this segment is primarily in the therapeutic areas of cardiology, oncology, gynecology, hematology, and ophthalmology. Principal research centers are located in Germany, the United States, Finland, and Norway.

Consumer Health

The consumer health division focuses on everyday healthcare, where the company has a portfolio of over 170 brands to treat minor illnesses. The products are in areas such as digestive health, allergies, skin conditions, pain management, nutritional supplements, and common colds.

Crop Science

Bayer's crop sciences division focuses on delivering solutions to farmers in areas such as crop protection, seeds, and traits, and digital farming. In June 2018, Bayer completed its acquisition of Monsanto for approximately $63 billion. In connection with regulatory approval processes, the company agreed to divest portions of its businesses to BASF.

Animal Health

The company's animal health unit develops and markets products and solutions for the prevention and treatment of diseases in companion and farm animals. In November 2018, Bayer announced its plan to sell the unit, which is estimated to be worth up to €7 billion, along with several other brands. The move is estimated to result in about 12,000 job cuts worldwide.

Business Services

Bayer's business services unit is an in-house center for business solutions and business support process. Its portfolio ranges from the development and implementation of IT-based solutions and design, building, and execution of end-to-end process operations to in-house management consulting.

Bayer LifeHubs

Bayer's LifeHubs are co-working, learning, and incubation spaces managed by Bayer. They are intended to be used by startups and prospective startup companies as a space to collaborate, learn more about industries and industry-specific challenges, and as a general co-working and meeting space. They have locations in Boston, California, Lyon, Berlin, Singapore, Japan, and Reading.

CoLaborator

The Bayer CoLaborator program is a startup incubation program. They offer startups co-working spaces located within their LifeHubs and elsewhere. They focus on engagement between life-science startups and Bayer researchers. They have CoLaborator locations in Berlin, Kobe, Moscow, and San Francisco for pharmaceutical startups. They have a location in West Sacramento for crop science startups.

myAgro

Bayer has supported myAgro, a non-profit investing in and providing services for the development of smallholder farmers. Their initial focus was in Mali. Part of myAgro's work has been enabling farmers to save small amounts for seed and fertilizer through a cellphone for those unable to have a bank account. They also work on nutrition and hygiene seminars and deworming programs.

Leadership

Timeline

June 29, 2021
Bayer launches its decarbonization program for agriculture in Europe.
June 8, 2021
Bayer’s Parkinson’s disease stem cell therapy officially lands in the clinic while another treatment for the neurodegenerative movement disorder is seeking patients
June 3, 2021
Bayer announces agreement to acquire Noria Therapeutics Inc. and PSMA Therapeutics Inc.
May 18, 2021
Bayer announces that Brett Begemann, Chief Operating Officer, Crop Science, will retire from his role after 38 years with the company and Rodrigo Santos currently Head of Crop Science Commercial Operations, Latin America, will succeed Begemann.
December 1, 2020
Bayer and Blackford Analysis announce AI Platform agreement in Radiology.
November 18, 2020
Bayer and BlockApps launch blockchain initiative TraceHarvest Network - Business Insider.

.

June 24, 2020
Bayer says it will pay up to US$10.9 billion to settle litigation over the subsidiary Monsanto's weedkiller Roundup, which has faced thousands of lawsuits over claims it causes cancer.
October 1, 2019
Bayer says it is to spend more than 25 billion euros ($27.22 billion) on research and development at its agriculture unit over the next 10 years.

August 7, 2019
Reuters reported last September initial plans by Bayer to divest its 60% stake in the chemical park operator, part of a string of assets it has put on the block to slash debt since its $63 billion takeover of Monsanto last year.
June 2019
Bayer announces that it is planning to invest $5.6 billion over the next 10 years in research on weed control.
Page 1 of 2

Funding rounds

Acquisitions

People

Name
Role
LinkedIn

Amir Morani

Employee

Carmen Ionescu

Employee

Debra Lopez Quiat

Employee

Dr. Hartmut Klusik

Labor Director, Human Resources, Technology, & Sustainability

Heiko Schipper

President, Consumer Health Division

Kemal Malik

Innovation & Head of Latin America

Liam Condon

President, Crop Science Division & Animal Health Business Unit

Mary Kalnas

Employee

Stefan Oelrich

Head of Pharmaceuticals Division

Werner Baumann

Chairman & CEO

Wolfgang Nickl

CFO & Head of Asia Pacific and North America

Further reading

Title
Author
Link
Type
Date

Bayer Completes Monsanto Acquisition for $63 Billion

Web

Bayer to cut 12,000 jobs and sell brands

Web

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

BlueRock Therapeutics

Emile F. Nuwaysir

Toronto

regenerative medicine

Casebia Therapeutics

Jim Burns

Cambridge, Massachusetts

gene-editing therapeutics

Joyn Bio

Michael Miille

Boston

probiotics for plants

News

Title
Author
Date
Publisher
Description
Nick Paul
October 13, 2021
FierceBiotech
Aum Biosciences is moving on to oncology turf targeted by companies including Bayer and Roche, securing $27 million to take inhibitors of MNK and TRK into midphase clinical trials.
Kyle LaHucik
October 6, 2021
FierceBiotech
Emile Nuwaysir led the $1 billion bet that Bayer placed on Parkinson's via its BlueRock Therapeutics subsidiary. Now, the chairman of the Alliance for Regenerative Medicine will take the reigns at Ensoma, a gene therapy biotech that launched with $70 million and a Takeda partnership in February.
Andrea Park
September 29, 2021
FierceBiotech
The latest of Bayer and Huma's joint projects, unveiled this week, has the duo working to build an AI-powered tool to analyze CT scans and improve lung cancer diagnosis.
Kyle LaHucik
September 20, 2021
FierceBiotech
Bayer will pay up to $253 million in biobucks to use Gubra's machine learning drug discovery tools to find potential treatments for kidney and heart disorders.
Nick Paul
September 20, 2021
FierceBiotech
Pyxis Oncology is aiming to close out a transformative 2021 with an IPO. Having licensed a pair of antibody-drug conjugates from Pfizer and raised a megaround to develop them, Pyxis is now seeking to tap public investors for cash in an IPO filing that sets the initial fundraising target at $100 million.
Steve Lohr
September 16, 2021
www.nytimes.com
The story of Ginkgo Bioworks shows the challenges and progress in the emerging field of synthetic biology.
Steve Lohr
September 16, 2021
www.nytimes.com
The story of Ginkgo Bioworks shows the challenges and progress in the emerging field of synthetic biology.
FinSMEs
August 19, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Kyle LaHucik
August 17, 2021
FierceBiotech
Immunitas is attempting to tackle the hurdles traditionally associated with checkpoint inhibitors, which don't work for everyone and typically require combination regimens with investigational drugs to boost their clinical potential. The biotech is now one step closer to moving its programs into the clinic.
August 16, 2021
WebWire
Today Bayer - through its subsidiary Monsanto - filed its Petition for a Writ of Certiorari with the U.S. Supreme Court in Hardeman, the only RoundupTM federal product liability case to have gone to trial. The Petition urges the Court to review the Ninth Circuit Court of Appeals' decision on two grounds. First, the state-law failure-to-warn claims at the center of the case are preempted by federal law, as the U.S. Government argued in its amicus filing in the Ninth Circuit. Second, the ad...
The Associated Press
August 11, 2021
CTVNews
A state appeals court upheld $86.2 million in damages to a California couple who developed cancer after spraying Monsanto's Roundup, the world's most widely used herbicide, in their yards for 30 years.
Science X staff
August 10, 2021
phys.org
German pharmaceutical and chemical giant Bayer on Monday lost another appeal against a verdict that found its Roundup weedkiller causes cancer, the latest setback in its bid to end thousands of lawsuits over the product.
Kyle LaHucik
August 4, 2021
FierceBiotech
Bayer's newly installed head of pharma R&D said it hasn't "delivered enough for patients yet," so the German Big Pharma is adding to its acquisitions of BlueRock and AskBio with the $1.5 billion purchase of Vividion Therapeutics, which earlier this summer contemplated going public.
The Associated Press
July 29, 2021
CTVNews
German pharmaceutical and chemical company Bayer said Thursday it would take a provision of US$4.5 billion against second-quarter earnings to put the company on what it said would be a path to closure of thousands of U.S. lawsuits over a weedkiller containing the chemical glyphosate.
Kyle LaHucik
July 26, 2021
FierceBiotech
Bayer-owned subsidiary BlueRock Therapeutics is promoting Chief Scientific Officer Seth Ettenberg, Ph.D., to president and CEO, as Emile Nuwaysir, Ph.D., will transition to board chair on August 1.
Nick Paul
July 26, 2021
FierceBiotech
Bayer has appointed Dominik Ruettinger as its head of research and early development for oncology. Ruettinger is set to join the German conglomerate from Roche, following in the footsteps of Bayer's head of R&D Christian Rommel.
Angus Liu
July 21, 2021
FierceBiotech
An investigational breast cancer drug that Bayer licensed from Systems Oncology has shown strong antitumor responses against both primary and metastatic tumors in mice. The drug targets the anticipatory Unfolded Protein Response (aUPR), which normally protects cancer cells but turns toxic when over-stimulated with the drug.
Amirah Al Idrus
July 20, 2021
FierceBiotech
Six weeks after landing in the clinic, Bayer's stem cell therapy for Parkinson's disease is getting into the fast lane. The German pharma picked up the treatment, DA01, by buying Versant Ventures out of their regenerative medicine joint venture BlueRock Therapeutics in a deal worth about $1 billion.
June 29, 2021
WebWire
Today, Bayer announced the European launch of its global Carbon Initiative. The main goal is the decarbonization of the food value chain focusing on farmers' activities for a more resilient and sustainable food system. It brings together farmers and food value chain players to explore future reward structures for farmers implementing new carbon reduction practices and thus contributing to the Green Deal objectives of the European Commission. The new European Carbon Program recognizes the p...
Reuters
June 21, 2021
www.prnewswire.com:443
/PRNewswire/ -- Board level executives from Novartis, Bayer and Boehringer Ingelheim, amongst many more, will showcase their long-term visions for healthcare...
SHOW MORE

References

Page 1 of 3
Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.