Bayer

  • bayer ag
    type
    aktiengesellschaft (ag)
    traded asbayn
    dax component
    de000bay0017 edit this on wikidata
    industry
    • life sciences
    • pharmaceuticals
    • chemicals
    founded1 august 1863; 156 years ago (1863-08-01)[1]
    founderfriedrich bayer
    headquartersleverkusen, germany
    area served
    worldwide
    key people
    • werner baumann (ceo)
    • werner wenning (chairman of the supervisory board)
    productsveterinary drugs, diagnostic imaging, general and specialty medicines, women's health products, over-the-counter drugs, (formerly)diabetes care, pesticides, seeds, plant biotechnology
    revenueincrease 39.586 billion (2018)[2]
    operating income
    decrease €3.914 billion (2018)[2]
    net income
    decrease €1.711 billion (2018)[2]
    total assetsincrease €126.285 billion (2018)[3]
    total equityincrease €57.314 billion (2018)[3]
    number of employees
    110,838 (fte, end 2018)[4]
    websitewww.bayer.com
    bayer facility in leverkusen

    bayer ag (ər/; german: [ˈbaɪɐ]) is a german multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. headquartered in leverkusen, bayer's areas of business include human and veterinary pharmaceuticals; consumer healthcare products; agricultural chemicals, seeds and biotechnology products. the company is a component of the euro stoxx 50 stock market index.[5] werner baumann has been ceo since 2016.[6]

    founded in barmen in 1863 as a dyestuffs factory, bayer's first and best-known product was aspirin. in 1898 bayer trademarked the name heroin for the drug diacetylmorphine and marketed it as a cough suppressant and non-addictive substitute for morphine until 1910. bayer also introduced phenobarbital; prontosil, the first widely used antibiotic and the subject of the 1939 nobel prize in medicine; the antibiotic cipro (ciprofloxacin); and yaz (drospirenone) birth control pills.

    in 1925 bayer was one of six chemical companies that merged to form ig farben,[7] the world's largest chemical and pharmaceutical company. the allied control council seized ig farben after world war ii,[a][8] because of its role in the nazi war effort and involvement in the holocaust, which included using slave labour from concentration camps and the purchase of humans for dangerous medical testing. it was split into its six constituent companies in 1951, then split again into three: basf, bayer and hoechst.[9][10]

    bayer played a key role in the wirtschaftswunder in post-war west germany, quickly regaining its position as one of the world's largest chemical and pharmaceutical corporations. in 2006 the company acquired schering, in 2014 it acquired merck & co.'s consumer business, with brands such as claritin, coppertone and dr. scholl's, and in 2018 it acquired monsanto, a leading producer of genetically engineered crops, for $63 billion.[11] bayer cropscience develops genetically modified crops and pesticides.[citation needed]

  • early history
  • ig farben merger
  • products
  • acquisitions
  • corporate structure
  • finances
  • bayer 04 leverkusen
  • awards and recognition
  • litigation
  • see also
  • references
  • further reading
  • external links

Bayer AG
Aktiengesellschaft (AG)
Traded asBAYN
DAX Component
DE000BAY0017 Edit this on Wikidata
Industry
Founded1 August 1863; 156 years ago (1863-08-01)[1]
FounderFriedrich Bayer
HeadquartersLeverkusen, Germany
Area served
Worldwide
Key people
ProductsVeterinary drugs, diagnostic imaging, general and specialty medicines, women's health products, over-the-counter drugs, (formerly)diabetes care, pesticides, seeds, plant biotechnology
RevenueIncrease 39.586 billion (2018)[2]
Decrease €3.914 billion (2018)[2]
Decrease €1.711 billion (2018)[2]
Total assetsIncrease €126.285 billion (2018)[3]
Total equityIncrease €57.314 billion (2018)[3]
Number of employees
110,838 (FTE, end 2018)[4]
Websitewww.bayer.com
Bayer facility in Leverkusen

Bayer AG (ər/; German: [ˈbaɪɐ]) is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include human and veterinary pharmaceuticals; consumer healthcare products; agricultural chemicals, seeds and biotechnology products. The company is a component of the Euro Stoxx 50 stock market index.[5] Werner Baumann has been CEO since 2016.[6]

Founded in Barmen in 1863 as a dyestuffs factory, Bayer's first and best-known product was aspirin. In 1898 Bayer trademarked the name heroin for the drug diacetylmorphine and marketed it as a cough suppressant and non-addictive substitute for morphine until 1910. Bayer also introduced phenobarbital; prontosil, the first widely used antibiotic and the subject of the 1939 Nobel Prize in Medicine; the antibiotic Cipro (ciprofloxacin); and Yaz (drospirenone) birth control pills.

In 1925 Bayer was one of six chemical companies that merged to form IG Farben,[7] the world's largest chemical and pharmaceutical company. The Allied Control Council seized IG Farben after World War II,[a][8] because of its role in the Nazi war effort and involvement in the Holocaust, which included using slave labour from concentration camps and the purchase of humans for dangerous medical testing. It was split into its six constituent companies in 1951, then split again into three: BASF, Bayer and Hoechst.[9][10]

Bayer played a key role in the Wirtschaftswunder in post-war West Germany, quickly regaining its position as one of the world's largest chemical and pharmaceutical corporations. In 2006 the company acquired Schering, in 2014 it acquired Merck & Co.'s consumer business, with brands such as Claritin, Coppertone and Dr. Scholl's, and in 2018 it acquired Monsanto, a leading producer of genetically engineered crops, for $63 billion.[11] Bayer CropScience develops genetically modified crops and pesticides.[citation needed]