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Bayer Consumer Care manages Bayer's OTC medicines portfolio. Key products include analgesics such as Bayer Aspirin and Aleve, food supplements Redoxon and Berocca, and skincare products Bepanthen and Bepanthol. [158] Women's healthcare is an example of a General Medicine business unit. Bayer Pharma produces the birth control pills Yaz and Yasmin.
Bayer Corporation (also known as Bayer USA) is the American subsidiary of Bayer AG. Its main offices are located in Whippany, New Jersey . In addition it has 40 fully consolidated subsidiary companies [ 3 ] located in 19 different states.
The Bayer-Monsanto merger is widely considered to be one of the worst mergers in history, mostly due to the exposure to Roundup litigation. [ 109 ] [ 14 ] [ 15 ] [ 16 ] By 2023, Bayer's market value had declined by over 60% since its 2016 merger, leaving the company's overall worth at less than half of what it paid to acquire Monsanto.
Bayer responded with a white knight bid and in July acquired the majority of shares of Schering for €14.6bn, [13] and in 2007, Bayer took over Schering AG and formed Bayer Schering Pharma. The acquisition of Schering was the largest take-over in Bayer's history, [ 12 ] : 49–52 [ 14 ] and as of 2015 this was one of the ten biggest pharma ...
Losses for Bayer investors reach tens of billions of Euros just two years after the acquisition. His position as CEO of Bayer was renewed in 2020 until 2024 before the general meeting of shareholders in 2021. [10] [11] [12] By 2023, Bayer investor DekaBank called for Baumann to be replaced ahead of his scheduled departure. [13]
William Anderson (born August 23, 1966) is an American business executive who has been the chief executive officer (CEO) of Bayer AG since June 2023. [1] [2]Prior to his current role, Anderson was CEO of Genentech from 2017 to 2018, and later CEO of the Roche's Pharmaceuticals Division from 2019 to 2022.
There’s no question Bayer needs reinvention. Its market cap has plunged to two-decade lows, in large part because of the massive litigation that came after its purchase of Monsanto in 2018.
Bayer told workers to self-organize last year as part of a plan to save €2 billion in costs by 2026. ... labeled "dynamic shared ownership,” sees Anderson reallocate budgets every 90 days to ...