A See at Bayer AG

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Source:   —  April 01, 2016, at 6:41 PM

Founded in one thousand eight hundred sixty-third by two friends who developed affordable synthetic dyes for the textile industry. two. Bayer gained worldwide fame after chemist Felix Hoffmann, seeking a treatment for his father'south arthritis, discovered a drug in one thousand eight hundred ninety-seventh that safely reduced pain, inflammation and fever.

Some facts about Bayer AG, one of the world'south oldest drugmakers:

one. Founded in one thousand eight hundred sixty-third by two friends who developed affordable synthetic dyes for the textile industry.

two. Bayer gained worldwide fame after chemist Felix Hoffmann, seeking a treatment for his father'south arthritis, discovered a drug in one thousand eight hundred ninety-seventh that safely reduced pain, inflammation and fever. It was launched as a powder below the brand title Aspirin in one thousand eight hundred ninety-ninth and sold in tablets starting in 1915.

three. Bayer isn't a U. S. company, though most Americans think it is. It'south based in Leverkusen, Germany, where its title is pronounced BEYE'er, not BARE. Its workforce includes about 16.000 employees in the U. S. and Canada.

four. Longtime Bayer brands comprise One-A-Day and Flinstones vitamins, Aleve pain reliever, Alka-Seltzer for upset stomach, freezing sore treatment Campho-Phenique and MiraLax and Phillips' Colon Health. Its $fourteen.two billion purchase of Merck Consumer late in two thousand-fourteenth added brands that comprise nonprescription Claritin allergy pills, Afrin decongestant spray, Coppertone Sunday care products and Dr. Scholl'south ft care items. Bayer also makes Advantix flea and tick protection for dogs and antibiotic Baytril for cats and dogs.

five. Bayer ranks No. one in the U. S. and No. 2 globally in sales of consumer health products. It'south No. 14 globally in prescription drug sales. Among diversified drugmakers, it'south second only to Johnson & Johnson in total two thousand fifteen revenue, at $51 billion, according to health care consulting firm GlobalData.

six. Bayer'south prescription drug unit sells medicines including antibiotic Cipro, which treats anthrax and other fatal infections; Yasmin birth control pills; the Mirena intrauterine device; erectile dysfunction pill Levitra; cancer drugs Nexavar and Stivarga, Betaseron for multiple sclerosis; hemophilia treatments Kogenate and Kovaltry; and Xarelto, the top seller among new drugs for preventing blood clots, heart attacks and strokes.

six. Bayer'south crop sciences business sells Bayer Advanced and Natria residence garden products to control weeds, pests and flower and vegetable diseases. It also sells farm products, including seeds and chemical and biologic treatments for increasing crop yields.

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