Bayer AG Overview
Company Headquarters: Leverkusen, Germany
Founded: 1863
Workforce: ~ 101,369
Company Working: Bayer AG, is one of the leading life science companies as well a global leader in health and nutrition. Moreover, the company operates in more than 80 countries across the globe in various regions such as Asia-Pacific, North America, Latin America, Europe/Middle East/Africa. Besides this, the company operates in three business segments namely Crop Science, Pharmaceuticals and Consumer Health. Under the crop science segment for sustainable agriculture, the company provides a wide range of high-value seeds, enhanced plant features, cutting-edge chemical and biological crop protection products, digital solutions, and extended customer service. The company mostly promotes these goods online. Wholesalers, merchants, or farmers directly. In addition, the company provides professional users outside the agriculture sector pest and weed control goods and services. The division's own production facilities are where most of the crop protection products are made. The business can promptly adapt to the demands of regional markets because of its numerous decentralized formulation and filling locations. Near to the customers, the company breed, propagate, produce, and/or process seeds, including seed dressing, either in-house or through contracted services.
Under its pharmaceutical segment, the company focuses on specialized treatments for oncology, hematology, ophthalmology, and, in the medium term, cell and gene therapy, as well as prescription pharmaceuticals, particularly for cardiology and women's healthcare. A strategic unit for cell and gene therapy has been developed, including every stage of the value generation process, from research and development through marketing and patient care. The segment also includes the radiology business, which sells digital and diagnostic imaging products as well as the essential contrast chemicals. A variety of important items in the portfolio rank among the top drugs in the world for their respective purposes. The Pharmaceuticals Division's prescription medicines are primarily distributed through wholesalers, pharmacies, and hospitals.
Moreover, its consumer health segment, provides over the counter (OTC) medications, nutritional supplements, skincare products, and other self-care remedies for pain, cardiovascular risk reduction, dermatology, digestive health, allergy, and cough and cold. Most of the time, pharmacies and pharmacy chains, supermarkets, online shops, and other big and small merchants sell the products.
