• DVM360_Conference_Charlotte,NC_banner
  • ACVCACVC
  • DVM 360
  • Fetch DVM 360Fetch DVM 360
DVM 360
dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care
dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care
By Role
AssociatesOwnersPractice ManagerStudentsTechnicians
Subscriptions
dvm360 Newsletterdvm360 Magazine
News
All News
Association
Breaking News
Education
Equine
FDA
Law & Ethics
Market Trends
Medical
Politics
Products
Recalls
Regulatory
Media
dvm360 LIVE!™
Expert Interviews
The Vet Blast Podcast
Medical World News
Pet Connections
The Dilemma Live
Vet Perspectives™
Weekly Newscast
dvm360 Insights™
Publications
All Publications
dvm360
Firstline
Supplements
Vetted
Clinical
All Clinical
Anesthesia
Animal Welfare
Behavior
Cardiology
CBD in Pets
Dentistry
Dermatology
Diabetes
Emergency & Critical Care
Endocrinology
Equine Medicine
Exotic Animal Medicine
Feline Medicine
Gastroenterology
Imaging
Infectious Diseases
Integrative Medicine
Nutrition
Oncology
Ophthalmology
Orthopedics
Pain Management
Parasitology
Surgery
Toxicology
Urology & Nephrology
Virtual Care
Business
All Business
Business & Personal Finance
Hospital Design
Personnel Management
Practice Finances
Practice Operations
Wellbeing & Lifestyle
Continuing Education
Conferences
Conference Listing
Conference Proceedings
Upcoming dvm360 Conferences
Resources
CBD in Pets
CE Requirements by State
Contests
Partners
Spotlight Series
Team Meeting in a Box
Toolkit
Top Recommended Veterinary Products
Vet to Vet
Veterinary Heroes
  • Contact Us
  • Fetch DVM360 Conference
  • Terms and Conditions
  • Privacy
  • Do Not Sell My Information
  • About Us

© 2023 MJH Life Sciences and dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care. All rights reserved.

Advertisement
By Role
  • Associates
  • Owners
  • Practice Manager
  • Students
  • Technicians
Subscriptions
  • dvm360 Newsletter
  • dvm360 Magazine
  • Contact Us
  • Fetch DVM360 Conference
  • Terms and Conditions
  • Privacy
  • Do Not Sell My Information
  • About Us
  • MJHLS Brand Logo

© 2023 MJH Life Sciences™ and dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care. All rights reserved.

Bayer announces plans to exit animal health industry

November 30, 2018
dvm360, dvm360 January 2019, Volume 50, Issue 1

Company will focus on core businesses of pharmaceuticals, consumer health and crop science.

Bayer Animal Health's parent company-Bayer AG, based in Leverkusen, Germany-announced this week that it's making changes to its global business portfolio, including exiting the animal health industry.

The company says it is assessing available options for exiting its animal health business and looking for new ways to use those resources. “Although this unit offers growth options in an attractive market, Bayer intends to allocate the investment resources necessary to support Animal Health to Bayer's core businesses of Pharmaceuticals, Consumer Health and Crop Science,” the release states.

Bayer Animal Health is headquartered in Shawnee, Kansas, and employs about 550 people, according to the Kansas City Business Journal. The Journal also reports that Bayer intends to sell the Animal Health business.

Advertisement

“We have made very good progress with Bayer's strategic development in recent years. As we now proceed with these measures, we are laying the foundation to sustainably enhance Bayer's performance and profitability,” says Werner Baumann, chairman of the board of management for Bayer AG, in the release. “With these measures, we are positioning Bayer optimally for the future as a life science company.”

Bayer is also exiting consumer health categories that include the sun care (Coppertone) and foot care (Dr. Scholl's) product lines and divesting its 60 percent interest in German site services provider Currenta.

According to Bloomberg, Bayer is under mounting pressure from investors since its $63 billion takeover of crop-sciences company Monsanto initiated a round of lawsuits.

download issueDownload Issue: dvm360 January 2019

Related Content:

ProductsBreaking Newsdvm360 January 2019
Comparing treatments for restoring the skin barrier in atopic dogs
Comparing treatments for restoring the skin barrier in atopic dogs
W.F. Young unveils Silver Honey Rapid Ear Care line
W.F. Young unveils Silver Honey Rapid Ear Care line
Veterinary scene Down Under: Universal health record program plus a veterinary sailor’s victory
Veterinary scene Down Under: Universal health record program plus a veterinary sailor’s victory

Advertisement

Latest News

Comparing treatments for restoring the skin barrier in atopic dogs

Increasing efficiency and productivity in uncertain times

AAVMC awards almost $100,000 in diversity scholarships

News wrap-up: This week’s headlines, plus Maryland Zoo welcomes baby addra gazelle

View More Latest News
Advertisement