Bayer acquire pharmaceutical company in Germany

Bayer to acquire pharmaceutical company in Germany

9:29 AM, 17th May 2013
Bayer to acquire pharmaceutical company in Germany
Dr Marijn Dekkers, CEO, Bayer AG.

LEVERKUSEN, GERMANY: Bayer signed an agreement to acquire 100 per cent of the shares of Steigerwald Arzneimittelwerk GmbH, Darmstadt, Germany, a privately held pharmaceutical company specializing in pharmacy - only herbal medicines. Steigerwald’s product portfolio includes Iberogast for the treatment of functional gastrointestinal disorders and Laif for the treatment of mild to moderate depression. Financial details have not been disclosed. The transaction is subject to fulfillment of the usual conditions, including antitrust clearance, and is expected to close at the beginning of July 2013.

“This transaction is further evidence of our commitment to augment organic growth with strategic bolt-on acquisitions. It will allow us to provide consumers with an even broader range of self-care options. This acquisition broadens our product offering for the treatment of gastrointestinal disorders and gives us the opportunity to enhance our presence in Germany, the fast-growing regions of East-Central Europe, and the CIS countries,” said Dr Marijn Dekkers, CEO, Bayer AG.

© WOC News 



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

UOP to provide technology to propylene facility in US Gulf Coast

  DES PLAINES, US: UOP LLC, a Honeywell company, has been selected to provide technology for the world’s largest on-purpose propylene prod ...

Read more
Brenntag to acquire Blue Sky Environment

  MULHEIM AN DER RUHR, GERMANY: Brenntag, the global market leader in chemical distribution, has signed a purchase agreement to acquire the dist ...

Read more
DKSH to provide sales services to GlaxoSmithKline’s antibiotic product line

HONG KONG, CHINA: DKSH’s Business Unit Healthcare has successfully signed an agreement with GlaxoSmithKline (GSK) to provide contract sales serv ...

Read more
Technip bags NOVA’s polyethylene expansion contract in Canada

PARIS, FRANCE/ALBERTA, CANADA: Technip was awarded by NOVA Chemicals Corporation the detail engineering, and procurement services contract for the p ...

Read more
Toyo bags Sasol’s LLDPE plant contract in Louisiana, US

TOKYO, JAPAN: Toyo Engineering Corporation was awarded a contract from Sasol North America Inc to provide Front End Engineering Design (FEED) services ...

Read more
BASF strengthens technology footprint in industrial enzymes

LUDWIGSHAFEN, GERMANY: With three separate transactions, BASF has strengthened its technology footprint in industrial enzymes, one of BASF’s ide ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X