By Helena Smolak Bayer shares slumped after the German pharmaceutical and agricultural company was ordered to pay $2.25 billion in damages in the latest.
By Mauro Orru Bayer appointed Nelson Ambrogio as head of the radiology business under its pharmaceuticals division, succeeding Gerd Krueger who will retire.
The DSO model is not just a structural adjustment; it s a strategic realignment aimed at enhancing Bayer s agility and responsiveness to market demands.
Executives at German agrichemical and pharmaceutical giant Bayer will on Thursday present long-anticipated plans that involve extensive job losses. Bayer announced on Wednesday evening that it would be introducing a new organizational model and examining all areas of the company for possible savings. Jobs will be eliminated, the company said, although it is not year clear how many positions or in what divisions. Bayer management and labour representatives will answer questions from employees at
CEO Bill Anderson said despite prior cost-cutting measures, Bayer still has too many layers of management and bureaucracy. A new restructuring will come with layoffs but the corporate shakeup plan does not yet include a separation of Bayer’s business units.
Sun Pharma has partnered up with Bayer to market Finerenone, a drug for chronic kidney disease, in India. Bayer grants non-exclusive rights to Sun Pharma to distribute Finerenone under the brand name Lyvelsa. Sun Pharma CEO emphasizes commitment to providing innovative medicines to Indian patients.
India Business News: Sun Pharma and Bayer have entered into an agreement to market and distribute a second brand of the patented medicine Finerenone in India. Finerenone i