Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. At the same time Bayer creates value through innovation, growth and improved earning power.
Bayer HealthCare AG researches, develops, manufactures and markets... More
Mon, Jul. 7, 7:50 AM
- Compugen (CGEN) achieves the first preclinical milestone in the development of one of the two checkpoint protein candidates discovered by Compugen that are the basis for its collaboration with Bayer HealthCare (BAYRY) (BAYZF). The company is now eligible to receive a $1.2M milestone payment from Bayer.
- The two firms formalized their partnership last August in a deal that could bring up to $530M to Compugen in milestone payments plus royalties on commercial sales of therapeutic antibodies developed by Bayer against the checkpoint proteins.
Fri, Jun. 27, 8:58 AM
- Europe's Committee for Medicinal Products for Human Use (CHMP) recommends that the European Medicines Agency (EMA) approve Bayer's (BAYRY) (BAYZF) Stivarga (regorafenib) as a treatment for adult patients with unresectable or metastatic gastrointestinal stromal tumors (GIST) who progressed on or are intolerant to prior treatment with imatinib and sunitinib. Stivarga is currently approved for the treatment of metastatic colorectal cancer (mCRC).
- CHMP's decision is based on a Phase 3 clinical trial that showed a statistically significant improvement in progression-free survival (PFS) in patients receiving regorafenib plus best supportive care (BSC) compared to patients receiving placebo plus BSC. Median PFS in the test group was 4.8 months versus 0.9 months in the control arm.
Fri, Jun. 27, 8:42 AM
- Europe's Committee for Medicinal Products for Human Use (CHMP) recommends that the European Medicines Agency (EMA) approve Regeneron Pharmaceuticals' (REGN) Eylea (aflibercept) injection as a treatment for visual impairment due to diabetic macular edema (DME). Eylea is currently approved as a treatment for neovascular (wet) age-related macular degeneration (AMD) and macular edema following central retinal vein occlusion (CRVO).
- Regeneron and Bayer Healthcare (BAYRY) (BAYZF) are collaborating on the global development of Eylea. Regeneron has exclusive rights to the product in the U.S. while Bayer Healthcare has the license for exclusive marketing rights ex. U.S. where the companies equally share the profits from Eylea sales. In Japan, Regeneron receives a percentage of net sales.
Wed, Jun. 11, 7:23 AM
- Regeneron Pharmaceuticals (REGN) reports that collaboration partner Bayer HealthCare (BAYZF) (BAYRY) has submitted an application to the EMA for marketing authorization in the European Union for Eylea (aflibercept) for the treatment of macular edema following branch retinal vein occlusion (BRVO).
- The U.S. FDA approved the drug for the treatment of wet Age-related Macular Degeneration (AMD) in November 2011 and for Central Retinal Vein Occlusion (CRVO) in September 2012. The EMA has also approved Eylea for wet AMD and Macular Edema following CRVO.
- Regulatory submissions have been made to the FDA for Macular Edema following BRVO and in the EU for Diabetic Macular Edema.
- Regeneron has exclusive rights to Eylea in the U.S. Bayer HealthCare has exclusive marketing rights ex-U.S. (the companies equally share the profits). In Japan, Regeneron receives a percentage of sales.
Tue, Jun. 3, 12:11 PM| Tue, Jun. 3, 12:11 PM | Comment!
Thu, May. 15, 7:41 AM
- Boston Scientific (BSX) has agreed to acquire Bayer's (BAYRY) Interventional device business for $415M.
- The deal that will strengthen Boston's portfolio of products for treating peripheral vascular disease, with the company to receive systems used in cardiology, radiology and peripheral vascular procedures.
- The unit generated $120M in sales last year. (PR)
Tue, May. 6, 6:13 AM
- A deal between the two had been tipped last last week.
- Merck's (MRK) consumer care business includes well-known brands like Claritin, Afrin, and Coppertone. "The combination of Merck Consumer Care's complementary portfolio of products and geographic reach with Bayer's will create a global consumer care business better positioned to serve consumers around the world," says Bayer (BAYZF, BAYRY) Chairman Dr. Marijn Dekkers.
- Merck CEO Kenneth Frazier: "By unlocking value in Merck Consumer Care, we’re able to further our goal of being the premier research-intensive biopharmaceutical company through targeted investments that strengthen our product portfolio and enhance our pipeline.”
- Source: Press Release
Thu, May. 1, 6:52 PM
- Bayer (BAYZF, BAYRY) is in exclusive talks to buy Merck's (MRK) consumer health business for ~$14B, and a deal announcement is likely in the next few days, Bloomberg reports.
- Reckitt Benckiser said yesterday it was no longer in active discussions for the business.
- A deal would strengthen MRK’s core drug business while aiding Bayer's consumer products line by adding brands including Claritin.
Mon, Apr. 28, 9:59 AM
- Bayer (BAYRY, BAYZF) is exploring a sale of its $10B plastics unit to focus on expanding its health business, according to a Bloomberg reports.
- Bayer reportedly is considering the options for Bayer Material Science after crosstown chemicals company Evonik (EVKIF) showed potential interest several months ago.
- A sale of the plastics unit would take time to carve out and would coincide with a push by Bayer to make acquisitions to broaden its drug and life-science offering.
Sun, Apr. 27, 1:23 AM
- Merck (MRK) could agree a deal to sell its consumer healthcare operations this week for almost $14B, Reuters reports, with Germany's Bayer (BAYRY) and U.K.-based Reckitt Benckiser (RBGLY) the frontrunners to buy the unit.
- Other healthcare consumer giants have also also shown interest in the business, including Procter & Gamble (PG), Novartis (NVS) and Sanofi (SNY).
- Merck is looking to sell the operations as it only holds around 1% of the market.
- A deal would be the latest in a wave of blockbuster transactions to have swept the healthcare sector recently, such as Pfizer's $100B+ reported offer to acquire AstroZeneca, Valeant and Bill Ackman's $47B play for Allergan, Zimmer's agreement to purchase Biomet for $13.35B, and a series of deals involving Novartis, GlaxoSmithKline and Eli Lilly.
Tue, Mar. 25, 7:26 AM
- Sanofi (SNY) has joined the auction for Merck's (MRK) over-the-counter health-products business, Bloomberg reports.
- Final offers could value the unit at $10-12B and are due in next week.
- Reckitt Benckiser (RBGLY) is the frontrunner, having become the most aggressive bidder.
- "OTC assets are highly desirable for market incumbents as almost no additional infrastructure is required," says Barclays. Merck's unit would be a "good fit" geographically for Sanofi, as 70% of its revenue comes from the U.S.
- Other interested parties include Bayer (BAYRY).
Mon, Mar. 3, 10:20 AM
- Bayer (BAYRY) has filed for Japanese approval of Regeneron's (REGN) Eylea therapy for treating patients with diabetic macular edema, the companies have said. Bayer has the rights to sell Eyelea outside the U.S.
- The submission is based on Phase 3 clinical trials that proved a statistically significant improvement in best-corrected visual acuity from baseline at 52 weeks compared with laser photcoagulation.
- The companies didn't provide a timetable for marketing approval, although the process is usually slower than with the FDA in the U.S. (PR)
Fri, Feb. 28, 7:30 AM
- Bayer's (BAYRY) adjusted Q4 EBITDA fell 3.1% to €1.77B and missed expectations of €1.91B, dragged down by currency fluctuations and increased R&D expenses.
- Net profit climbed 24% to €455M, under forecasts of €626M.
- Sales increased 0.3% to €9.89B vs consensus of €9.97B, with revenue boosted by sales of new therapies and strong volumes at Bayer's CropScience segment.
- For 2014, Bayer is targeting sales of €41-42B and expects adjusted EBITDA to increase by a low- to mid-single-digit percentage; however, Bayer also expects forex pressures of around €450M.
- Bayer's most important treatments - Xarelto (blood thinner), Adempas (lung), Stivarga and Xofigo (cancer), and Eylea (eye) - generated sales of €1.52B in 2013.
- Bayer increased its combined peak annual sales forecast for the drugs to at least €7.5B from a prior outlook of €5.5B.
- Bayer believes that Xarelto and Eylea will reach peak revenues in 5-6 years. Bayer holds the license to sell Eylea, which is developed by Regeneron, outside the U.S. Shares are +0.6% in Frankfurt. (PR)
Mon, Feb. 24, 8:00 AM
- Bayer (BAYZF) is on course to acquire partner Algeta (ALGZF) after the German company received acceptance representing 92.17% of the Norwegian company's stock for its $2.9B bid.
- Bayer has also extended the acceptance deadline of the offer by two days to Wednesday and it expects to close the deal in Q1.
- The acquisition will give Bayer full control of Xofigo, a prostate-cancer treatment that the German drugs and chemicals firm has developed with Algeta since 2009.
- Bayer views Xofigo, which was launched in the U.S. last year, as one of its five most important new medicines. (PR)
Thu, Feb. 20, 4:33 AM
- Novartis (NVS) and Bayer (BAYRY) are among the suitors that are exploring an acquisition of Merck's (MRK) consumer-healthcare business, Reuters reports, adding that the unit could be worth $10-12B.
- Reckitt Benckiser (RBGPF) and Procter & Gamble (PG) are also among the companies to have held talks with Merck about a deal. However, GSK (GSK) is not interested.
- Novartis and Merck have considered swapping the latter's consumer-healthcare operations for Novartis' animal-health and human vaccines businesses, although such a deal is looking unlikely.
Wed, Feb. 12, 8:59 AM
- An FDA advisory committee has voted 16-9 that there is not enough evidence to assert that the anti-inflammatory painkiller Naproxen, which Bayer (BAYRY) sells as Aleve, is safer for the heart than rival drugs.
- The vote means that Bayer and other sellers of Naproxen won't have a marketing advantage over other painkillers such as Advil, Ibuprofen and Celebrex.
- The FDA had organized the meeting after epidemiologists who work at the agency said there was evidence to show that Naproxen is safer.
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