[Worldkings – Wowtimes - Almanac Events & Achievements 2022] Highlights during 159 years of development of Bayer AG, a leading German pharmaceutical and biotechnology company (1863)

08-09-2022

(worldkings.org) Bayer is a life science company with a more than 150-year history and core competencies in the areas of health care and agriculture.

Bayer AG is a German multinational pharmaceutical and biotechnology company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceuticals; consumer healthcare products, agricultural chemicals, seeds and biotechnology products.

Bayer AG is holding company. The group's core businesses were transformed into limited companies, each controlled by Bayer AG. These companies were: Bayer CropScience AG; Bayer HealthCare AG; Bayer MaterialScience AG and Bayer Chemicals AG, and the three service limited companies Bayer Technology Services GmbH, Bayer Business Services GmbH and Bayer Industry Services GmbH & Co. OHG.

(WOWTIMES) Bayer AG’s history and achievements

  • 1863: Bayer was founded in Barmen as a partnership between dye salesman Friedrich Bayer and dyer Friedrich Weskott. As was common in this era, the company was established as a dyestuffs producer.
  • 1881: The financial foundation for expansion is laid when Bayer is transformed into a joint stock company.
  • 1888: The Pharmaceutical Department was established.
  • 1892: Bayer discovered the first synthetic pesticide, naming it Antinonin.
  • 1899: Bayer launched the compound acetylsalicylic acid under the trademarked name Aspirin

  • 1904; Bayer received a trademark for the "Bayer Cross" logo, which was subsequently stamped onto each aspirin tablet, creating an iconic product that is still sold by Bayer.
  • 1925: Bayer merged with five other German companies to form IG Farben, creating the world's largest chemical and pharmaceutical company then.
  • 1951: IG Farben was split into its constituent companies, and Bayer was reincorporated as Farbenfabriken Bayer AG.
  • 1989: Bayer acquired Cooper Technicon, Tarrytown, New York, to become one of the world’s largest suppliers of diagnostics systems and reagents for clinical chemistry then.
  • 2002: Bayer AG's stocks began trading on the New York Stock Exchange.
  • 2003: To separate operational and strategic managements, Bayer AG was reorganized into a holding company.
  • 2008: Bayer's Canadian division was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc.
  • 2013: Bayer celebrates the 150th anniversary of its foundation worldwide.
  • 2016: the company began a second restructuring with the aim of allowing it to transition to a life sciences based company.
  • 2020: Bayer acquires Asklepios BioPharmaceutical (AskBio) and launches a new platform for cell and gene therapy

According to Wikipedia; bayer; zippia


Brian (Collect & Edit) - WORLDKINGS (Source of photos : internet )

 

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