Bayer says to outsource some aspects of pharma business in Africa
NAIROBI (Reuters) – Germany’s Bayer will contract a third party to distribute its pharmaceutical products in four African markets including Kenya, it said, adding that the impact on jobs will be minimal.…
Bayer CEO says tougher cash outlook will be considered in overhaul
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) – Bayer’s strategic review will consider a potentially tougher outlook for cash flows, its CEO said on Tuesday, after the German conglomerate suffered a…
Bayer says it is keeping strict line on settling glyphosate litigation
FRANKFURT (Reuters) – Bayer’s finance chief said on Wednesday that the drugs and pesticides maker would remain very selective when considering any further settlements of U.S. litigation cases in which plaintiffs blame…
Bayer investor urges rethink after latest glyphosate defeat
By Patricia Weiss and Svea Herbst-Bayliss (Reuters) – Bayer investor Union Investment called on Wednesday for the German company to reconsider its litigation strategy for glyphosate and a key U.S. trial lawyer…
European shares run out of steam by close as Bayer, energy stocks weigh
By Ankika Biswas and Sruthi Shankar (Reuters) -Europe’s benchmark STOXX 600 was unchanged on Thursday as a drag by Germany’s Bayer and energy stocks offset an earlier rise on hopes of a…
Bayer hits 8-month high as investors welcome CEO change
BERLIN (Reuters) -Bayer shares rose as much as 5% in early Thursday trading to an eight month high, adding to gains from the day before when the German drugs to pesticides group…
Bayer investor calls for swift replacement of CEO: newspaper
FRANKFURT (Reuters) – Bayer investor Deka has called for CEO Werner Baumann to be replaced ahead of his scheduled departure, adding to mounting pressure on the German drugmaker. “Bayer needs a new…
Investor Ubben takes 0.8% stake in Bayer, boosting share price
FRANKFURT (Reuters) – Activist investment fund Inclusive Capital Partners, run by hedge fund veteran Jeffrey Ubben, said on Monday it had acquired a 0.83% stake in Bayer, as the German drugs and…
Bayer, Oregon finalize $698 million PCB pollution settlement
By Brendan Pierson (Reuters) – Bayer AG has finalized a $698 million settlement with the U.S. state of Oregon to resolve claims that it polluted the environment with chemicals called polychlorinated biphenyls,…
French farmer wins $11,700 in Bayer pesticide fumes case
By Tassilo Hummel and Gus Trompiz PARIS (Reuters) -Germany’s Bayer has been ordered to pay compensation of 11,135 euros ($11,700) to a French farmer who inhaled fumes from a weedkiller, ending a…
Bayer estimates new GM soybean to reach 10% of Brazil’s 2022/23 planting area
SAO PAULO (Reuters) – Bayer AG’s agriculture unit in Brazil expects that its new genetically modified (GM) soybean Intacta2 Xtend will account for about 10% of the country’s total soy planting area…
Bayer has started search for successor for CEO Baumann -Bloomberg
FRANKFURT (Reuters) – Bayer’s supervisory board has initiated a search for a successor to Chief Executive Werner Baumann, who has said he would not seek a renewal of his contract that expires…
Bayer to Pay $40 Million to Resolve the Alleged Use of Kickbacks and False Statements Relating to Three Drugs
MINNEAPOLIS – Bayer Corporation, an Indiana corporation and manufacturer of pharmaceutical products, and its related entities, Bayer HealthCare Pharmaceuticals Inc., Bayer HealthCare LLC and Bayer AG (collectively “Bayer”), have agreed to pay…
Bayer initiates asundexian Phase III study program
BERLIN (Reuters) – Germany’s Bayer said on Sunday it was starting a Phase III study program to investigate the efficacy and safety of asundexian, an oral Factor XIa (FXIa) inhibitor. The drug…
Mexican President says Bayer interested in continuing to invest in country
MEXICO CITY – Mexican President Andres Manuel Lopez Obrador said on Tuesday that the chief executive of German diversified group Bayer Werner Baumann said the firm is interested in continuing to invest…
Bayer wins fourth Roundup weedkiller case in U.S
FRANKFURT – A U.S. jury found Bayer’s Roundup weedkiller did not cause an Oregon man’s cancer, the German agriculture and pharmaceuticals company said on Saturday, handing the firm its fourth consecutive trial…
Bayer says Ukraine farmers progress with planting despite war
FRANKFURT – Farmers in Ukraine have made better-than-expected progress preparing their fields so far despite Russia’s attack on the country, the world’s largest supplier of seeds and crop chemicals, Bayer, said on…
Bayer gets shareholder rebuke for management remuneration
FRANKFURT – Shareholders of Bayer on Friday voted to reprimand the German drug and farming supplies maker for its top management pay scheme, after one leading proxy advisory group said it did…
Bayer shareholder Union Investment says CEO should stay on
FRANKFURT – Bayer shareholder Union Investment on Monday came out in support of the drugmaker’s chief executive serving out his full term after the CEO came under renewed pressure over the company’s…
Bayer stops non-essential health and agriculture business in Russia
FRANKFURT – Germany’s Bayer on Monday stopped all spending in Russia and Belarus not related to essential products in health and agriculture, citing Russia’s “brutal aggression” against Ukraine. Bayer said in a…
Bayer rolls out short corn variety tolerant of weather extremes
By Karl Plume – Global farm chemicals and seeds maker Bayer will launch a corn variety in the United States next year that it says will better tolerate heavy winds associated with…
Breaking News
