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Bayer upbeat, plans chemicals IPO by 2016

2015-03-11 11:24:05| Chemicals - Topix.net

Germany's Bayer AG is forecasting strong sales and earnings growth at its health-care division in the next three years, pegging the yearly sales potential of its top drugs at EUR7.5 billion . The Leverkusen-based company, which is preparing to spin off its high-tech plastics business, said on Wednesday that combined sales of its top drugs--the anticoagulant Xarelto, the eye medicine Eylea, the cancer drugs Stivarga and Xofigo, and the pulmonary hypertension drug Adempas--should rise toward EUR4 billion in this year Bayer said it aims to increase health-care revenue by an average of about 6% a year through 2017 to more than EUR25 billion.

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Bayer announces FDA acceptance of BAY 81-8973 BLA for treatment of hemophilia A

2015-03-04 21:03:00| Chemicals - Topix.net

Bayer HealthCare today announced that the U.S. Food and Drug Administration has accepted the company's Biologics License Application for BAY 81-8973, a recombinant Factor VIII compound. Bayer is seeking FDA approval of the investigational compound, proposed trade name Kovaltry, for the treatment of hemophilia A in children and adults.

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Bayer MaterialScience buys Thermoplast Composite in Germany

2015-03-04 17:53:34| Canadian Plastics Headlines

In a bid to expand its position in the composite materials market, Bayer MaterialScience (BMS) has acquired Germany-based Thermoplast Composite GmbH (TCG), a composite materials supplier specialising in the production of thermoplastic fibre composites. BMS said it will use the… The post Bayer MaterialScience buys Thermoplast Composite in Germany appeared first on Canadian Plastics.

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Bayer to stop MDI production in Brazil

2015-03-04 16:43:23| Chemicals - Topix.net

Bayer AG's Bayer MaterialScience plans to stop production of MDI polyurethane at its plant near Rio de Janeiro in July, removing 55 metric tons per year of MDI production from the market, Don't worry, it's painless. A click of the mouse, a few key taps, and you'll continue to enjoy free access to our website, plus other exclusive benefits, by joining the Plastics News Digital Community .

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Bayer crown prince vows independence for diversified drugmaker

2015-02-28 20:42:06| Chemicals - Topix.net

Werner Baumann, seen as heir apparent to Bayer Chief Executive Marijn Dekkers, says he will fight for the independence of Germany's largest drugmaker after the spin-off of its plastics unit. "We will always try anew every day to defend our independence through our performance and the decisions that we make," said the 52-year-old, who will head Bayer's main healthcare arm from April.

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