Bayer AG - Company Profile
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Business Description
Bayer AG (Bayer) is a life science company with core competency in the areas of human health care and agriculture. It develops, produces, and sells pharmaceutical, agricultural and polymer products. The company classifies its business into three segments: Pharmaceuticals, Consumer Health and Crop Science. It also generates revenue from All Other segments and Enabling Functions and Consolidation.
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R&D Overview
Bayer strives to develop new products and improve existing products for the treatment of cancer, hematological disorders, cardiovascular diseases, ophthalmological diseases, infectious diseases, respiratory and metabolic disorders, genitourinary system diseases and hormone disorders, non-malignant disorders, immune disorders, and musculoskeletal disorders; and to improve women's health. In the area of agriculture research, the company’s biggest priorities consist of increasing the yields of the plants and crops and improving their traits as well. It also focuses on digital farming and fine-tuning products for crop protection from pests. The company takes measures for patent protection for its products in chemical crop protection and seed/biotechnology. Some of its major patent protected products include Fluopyram, Tetraniliprole, Roundup Ready 2 Xtend, XtendFlex, Intacta 2 Xtend, SmartStax, SmartStax PRO, Bollgard 3 XtendFlex. It holds the patents in major countries such as the US, Germany, France, the UK, Brazil, and Canada. It also launched various products in 2023 and received approval from various regulatory authorities. In FY2023, it spent EUR5,371 million on R&D activities, which as a percentage of revenue, stood at 11.33%. It has R&D facilities in Germany, France, the US, Brazil, Belgium, Finland, Norway, the Netherlands, Switzerland, Japan, China, and New Zealand. Bayer maintains a network of collaborations and strategic alliances with leading universities, public research institutes and partner companies.
Business Segments
- All Other Segments
- Consumer Health
- Crop Science
- Pharmaceuticals
- Enabling Functions and Consolidation
Overview
Includes the services provided by the service areas; Business Services and Currenta, the service company responsible for managing and operating the Chempark sites in Leverkusen, Dormagen and Krefeld-Uerdingen.
Performance
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Overview
Markets non-prescription, over-the-counter (OTC) medicines including analgesics, anti-allergens, cosmetics, nutritional supplements, foot care and sun protection products, and digestive health products. Operates R&D and production facilities in Germany, France, the US, Mexico, Switzerland, China and Indonesia.
Performance
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Overview
Develops, produces and markets a wide range of products in seeds and plant traits, crop protection and nonagricultural pest control. Its product portfolio includes a wide range of high-value seeds, novel pest management solutions and products and services for professional non-agricultural applications. It also offers customer service for sustainable agriculture; and products and services for professional non-agricultural applications. Operates R&D and production facilities in Germany, France, the US, Brazil, the Netherlands, Belgium, Switzerland and India.
Performance
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Overview
Develops, manufactures and markets prescription products for cardiology and women’s health; specialty medicines for the treatment of cancer, eye diseases and hematological diseases. Also offers diagnostic imaging equipment and contrast agents. Operates R&D and production facilities in Germany, the US, Finland, Norway, Italy, Switzerland, Japan and China.
Performance
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Performance
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Geographical Segments
- Asia/Pacific (excluding China)
- Brazil
- China
- Europe/Middle East/Africa (excluding Germany and Switzerland)
- Germany
- Latin America (excluding Brazil)
- North America (excluding United States)
- Switzerland
- United States
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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