[WORLDKINGS] Top 100 companies over 100-years and still in business – P82 – Bayer AG (Germany): Germany’s largest pharmaceutical company with 157 years of developing history (1863)

13-10-2020

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

 

 

Bayer AG was founded as a dyestuffs factory in 1863 in Barmen (later part of Wuppertal), Germany, by Friedrich Bayer and his partner, Johann Friedrich Weskott, a master dyer. Bayer was responsible for commercial tasks. Fuchsine and aniline became the company's most important products.

 

 

In 1898 Bayer trademarked the name heroin for the drug diacetylmorphine and marketed it as a cough suppressant and non-addictive substitute for morphine until 1910. Bayer also introduced phenobarbital; prontosil, the first widely used antibiotic and the subject of the 1939 Nobel Prize in Medicine; the antibiotic Cipro (ciprofloxacin); and Yaz (drospirenone) birth control pills.

 

 

In 1925, Bayer was one of six chemical companies that merged to form IG Farben, the world's largest chemical and pharmaceutical company. The Allied Control Council seized IG Farben after World War II,  because of its role in the Nazi war effort and involvement in the Holocaust, which included using slave labour from concentration camps and the purchase of humans for dangerous medical testing. It was split into its six constituent companies in 1951, then split again into three: BASF, Bayer and Hoechst.

 

 

Bayer played a key role in the Wirtschaftswunder in post-war West Germany, quickly regaining its position as one of the world's largest chemical and pharmaceutical corporations. In 2006, the company acquired Schering, in 2014, it acquired Merck & Co.'s consumer business, with brands such as Claritin, Coppertone and Dr. Scholl's, and in 2018, it acquired Monsanto, a leading producer of genetically engineered crops, for $63 billion.

According to en.wikipedia


Bee (Collect) - WORLDKINGS (Source of photos: Internet)

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