Bayer AG
 |
|
| Aktiengesellschaft | |
| Traded as | : BAYN |
| Industry | Pharmaceuticals, chemicals |
| Founded | 1 August 1863 |
| Founder | Friedrich Bayer, Johann Friedrich Weskott |
| Headquarters | Leverkusen, Germany |
|
Area served
|
Worldwide |
|
Key people
|
Werner Baumann (CEO), Werner Wenning (Chairman of the supervisory board) |
| Products | Veterinary drugs, diagnostic imaging, general and specialty medicines, women's health products, over-the-counter drugs, diabetes care, pesticides, plant biotechnology |
| Revenue |
 €46.769 billion (2016) |
|
€7.042 billion (2016) |
|
| Profit |
€4.531 billion (2016) |
| Total assets |
€82.238 billion (end 2016) |
| Total equity |
€31.897 billion (end 2016) |
|
Number of employees
|
115,200 (FTE, end 2016) |
| Subsidiaries | Bayer Corporation, Bayer Schering Pharma, Bayer HealthCare Pharmaceuticals, Bayer CropScience, Bayer Healthcare LLC |
| Website | www.bayer.com |
Bayer AG (/ˈbeɪər/ or /ˈbaɪər/); German pronunciation: [ˈbaɪ̯ɐ]) is a German multinational chemical, pharmaceutical and life sciences company. It is headquartered in Leverkusen, where its illuminated sign is a landmark. Bayer's primary areas of business include human and veterinary pharmaceuticals; consumer healthcare products; agricultural chemicals and biotechnology products; and high value polymers. The company is a component of the Euro Stoxx 50 . The company's motto is "science for a better life."
Bayer's first and best known product was aspirin; there is a dispute about what scientist at Bayer made the most important contributions to it, Arthur Eichengrün or Felix Hoffmann. Bayer trademarked the name "heroin" for the drug diacetylmorphine and marketed it as a cough suppressant and non-addictive substitute for morphine from 1898 to 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 2014 Bayer bought MSD's consumer business, with brands such as Claritin, Coppertone and Dr. Scholl's. Its BayerCropscience business develops genetically modified crops and pesticides. Its materials science division makes polymers like polyurethanes and polycarbonate.
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