News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Bayer AG (BAY.F) Doesn't Intend to Sell its Diabetes Unit



1/9/2013 7:51:59 AM

Bayer AG (BAYN) no longer plans to sell its diabetes unit, Joerg Reinhardt, chief executive officer of Bayer Healthcare, said in an interview in San Francisco. “We are keeping it,” Reinhardt said. “We evaluated different options and we came to the conclusion that we continue to be the best owner.” Financial Times Deutschland reported in July that Panasonic Corp. and French drugmaker Sanofi were among parties interested in the unit. Bayer will this year focus on “bolt-on acquisitions of mid-sized numbers” to grow in areas such as consumer health care and emerging markets, Reinhardt said earlier in the day, during a question-and-answer session at the J.P. Morgan 31st annual healthcare conference.

Read at Bloomberg
Read at News Release


comments powered by Disqus
Bayer AG
 
 
Diabetes

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES