Bayer AG history, profile and history video
Bayer AG is a German multinational pharmaceutical and life sciences company headquartered in Leverkusen, Germany. It was founded as a synthetic dyestuffs factory by Friedrich Bayer and Johann Friedrich Westkott on August 1, 1863.
The first and best-known product of Bayer was aspirin. In 1898, Bayer trademarked the name heroin for the drug diacetylmorphine and sold it as a cough suppressant and non-addictive substitute for morphine. It also introduced the first widely used antibiotic (phenobarbital; prontosil) and the subject of the 1939 Nobel Prize in Medicine; the antibiotic Cipro (ciprofloxacin); and Yaz (drospirenone) birth control pills.
The company operates through the following business segments: Pharmaceuticals, Consumer Health, Crop Science, and Animal Health.
The Pharmaceuticals product portfolio focuses on: prescription products, radiology, and specialty therapeutics in the areas of oncology, hematology and ophthalmology.
The Consumer Health segment contains mainly non-prescription products in the following categories: dermatology, nutritionals, analgesics, digestive health, allergy, cough and cold, and cardiovascular risk prevention.
The Crop Science segment focuses on: high-value seeds or innovative chemical and biological pest management solutions.
The Animal Health segment offers products for: farm animals or companion animals.
With more than 103 000 employees, Bayer AG is considered one of the largest pharmaceutical companies in the world. According to Forbes, it is considered one of the top 2000 largest public companies in the world and one of the Top Regarded Companies.
*Information from Forbes.com, Wikipedia.org, and ”www.bayer.com”.
**Video published on YouTube by “Bayer Global“.