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Encyclopedia > Bayer Pharmaceutical
Bayer may also refer to Bayer Leverkusen.

Bayer AG is a German chemical and pharmaceutical company founded in 1863. It is headquartered in Leverkusen, North Rhine-Westphalia, Germany.

Contents

About Bayer AG

In order to separate operational and strategic management Bayer AG was reorganized into a holding company in December 2003. The groups core businesses were transformed into limited companies, each controlled by Bayer AG. These companies are: Bayer CropScience AG; Bayer HealthCare AG; Bayer Material Science AG and Bayer Chemicals AG and the three service companies Bayer Technology Services GmbH, Bayer Business Services GmbH and Bayer Industry Services GmbH & Co. OHG.


Following Bayer's successful reorganization, its chemicals activities (with the exception of H.C. Starck and Wolff Walsrode) have been combined with certain components of the polymers segment to form the new company LANXESS (http://www.lanxess.com). This change took place on July 1, 2004, with LANXESS to be listed on the stock exchange by the beginning of 2005.



Bayer AG shares are listed on XETRA in Germany, LSE in the United Kingdom and on NYSE in the United States.


History

Bayer became part of IG Farben, a conglomerate of German chemical industries that emerged during World War I. When the Allies split IG Farben after World War II for involvement in several Nazi war crimes, Bayer reappeared as an individual business.


They have discovered, among others:

Bayer Cropscience

In 2002 Bayer AG acquired Aventis CropScience and formed Bayer CropScience. The company is now one of the world's leading innovative crop science companies in the areas of crop protection, non-agricultural pest control, seeds and plant biotechnology. In addition to conventional agrochemical business it is involved in genetic engineers of food.


Pesticide harm to bees

Bayer AG is involved in an ongoing controversy with French and Nova Scotian beekeepers over claimed pesticide kills of honeybees from its seed treatment insecticide Gaucho. France has since issued a provisional ban on the use of Gaucho for corn seed treatment pending further action. A consortium of U.S. beekeepers has also filed a civil suit against Bayer CropScience for alleged losses.


Diversity

Bayer was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine.


See also

External links



  Results from FactBites:
 
Bayer and Onyx announce new data on dual mechanism of action of BAY 43-9006 (1445 words)
BAY 43-9006 is being co-developed by Bayer and Onyx.
Onyx Pharmaceuticals is engaged in the development of novel cancer therapies that target the molecular basis of cancer.
Bayer Pharmaceuticals Corporation is part of the worldwide operations of Bayer HealthCare, a subgroup of Bayer AG.
MSN Money - ONXX Key Developments: Investing (4782 words)
Onyx Pharmaceuticals and Bayer Pharmaceuticals Corporation announced new preclinical data on the proposed anti-tumor activity of the investigational drug BAY 43-9006, indicating that the novel signal transduction inhibitor exhibits a dual mechanism of action targeting both cell proliferation and angiogenesis (the formation of new blood vessels to support cancer cell growth).
Onyx Pharmaceuticals announced that the Company is restructuring its operations to reflect an increased priority on the development of BAY 43-9006, a novel small molecule anticancer compound expected to enter Phase III clinical testing later this year in co-development with Bayer Corporation.
Onyx Pharmaceuticals and Bayer announced that Phase I clinical trial results for their novel oral Raf kinase inhibitor, known as BAY 43-9006, were presented at the 37th Annual Meeting of the American Society of Clinical Oncology (ASCO) in San Francisco, California.
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