- Business
- Bayer AG (BAYNN.MX) operates as a global life sciences company focused on healthcare and nutrition, with core divisions in Pharmaceuticals, Crop Science, and Consumer Health. The Pharmaceuticals division develops and markets prescription therapeutics in oncology including Targeted Alpha Therapies and drugs such as Nubeqa (darolutamide), cardiovascular treatments like Kerendia (finerenone), women's health products, hematology, ophthalmology, cell and gene therapies, and contrast agents for diagnostic imaging; Crop Science offers seeds and plant traits including corn hybrids, crop protection solutions such as herbicides like Liberty, pesticides, nonagricultural pest control, and digital agriculture services; Consumer Health provides nonprescription over-the-counter products in dermatology, dietary supplements, analgesics, gastrointestinal remedies, cold/allergy/sinus/flu treatments, foot care, and sun protection. Founded in 1863 and headquartered in Leverkusen, Germany, Bayer conducts operations across North America, Europe, Africa, Middle East, Asia-Pacific, and Latin America, employing approximately 92,800 people and generating revenue of about $50.4 billion in 2024. In recent developments, Bayer extended its strategic partnership with Ginkgo Bioworks in 2025 to advance microbial nitrogen fixation, crop protection, and sustainability technologies originating from their 2017 collaboration; entered a up to $1.3 billion licensing agreement with Kumquat Biosciences in August 2025 for a KRAS G12D inhibitor cancer drug candidate targeting pancreatic, colorectal, and lung cancers; partnered with PanTera in 2024 for next-generation radiopharmaceutical starting materials; signed technology transfer agreements such as with Dhanuka Agritech in early 2025 for active ingredients Iprovalicarb and Triadimenol; announced plans for multiple blockbuster product launches in 2025 including Beyonttra (acoramidis); and implemented a five-year Crop Science strategy to streamline portfolios, optimize production, and target over €3.5 billion in incremental sales from innovation by 2030 amid cost pressures.