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What is Bayer?
Bayer AG is one of the world's largest distributors and makers of pharmaceutical and chemical products. It is best known for the discovery of Aspirin. Besides Aspirin, The Company has discovered Heroin, Prontosil, Levitra, Polyurethane, Suramin, Propoxur and Primodos. Bayer AG is the number two nonprescription drug company across the world.
Bayer AG History and Operations
Bayer AG was formed on 1st of August 1863 by Friedrich
Bayer and Johann Friedrich Weskott. Its main office is situated in North Rhine-Westphalia, Leverkusen, Germany. Its list of products includes Veterinary drugs, general and specialty medicines, over-the-counter drugs, pesticides, polymers, adhesives and many others. The Company has purchased Roche Pharmaceuticals (2004) and Sagmel (2008). It had acquired Merck's consumer health business in 2014. The Company has completed the deal for $14.2 billion and the deal has included Claritin and Coppertone
brands in its portfolio of products. In the financial year of 2012, the company has generated Revenue
of €39.76 billion, total income of €3.960 billion and has profit of €2.446 billion. Till the end of 2012, it has total assets of €51.34 billion and total equity of €18.57 billion.
Bayer AG Network
The Bayer is known as a global leader in the pharmaceuticals, agriculture, healthcare, chemical and high-tech materials sectors. It provides products in various countries of North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The Company has workforce of 110,500 employees. The Company operates five subsidiaries including Bayer MaterialScience, Bayer CropScience and Bayer Schering Pharma. The Company is mainly traded on Frankfurt Stock Exchange.