Download bibliography. Download bibliography. Download your bibliography in either the APA, MLA, Chicago or Turabian formats. Bayer Wikipedia. This article is about the Life Science, chemical and pharmaceutical company. For other uses, see Bayer disambiguation. Bayer AGAktiengesellschaft AGTraded as. FWB BAYNDAX Component. Industry. Life Sciences, Pharmaceuticals, chemicals. Founded. 1 August 1. Founder. Friedrich Bayer. Headquarters. Leverkusen, Germany. Area served. Worldwide. Key people. Werner Baumann CEO, Werner Wenning Chairman of the supervisory boardProducts. Veterinary drugs, diagnostic imaging, general and specialty medicines, womens health products, over the counter drugs, diabetes care, pesticides, Vegetables Seeds, plant biotechnology. Revenue4. 6. 7. 69 billion 2. Profit 4. 5. 31 billion 2. Total assets 8. 2. Total equity 3. 1. Number of employees. FTE, end 2. 01. 62Subsidiaries. Bayer Corporation, Bayer Schering Pharma, Bayer Health. Care Pharmaceuticals, Bayer Crop. Science, Bayer Healthcare LLCWebsitewww. Bayer facility in Leverkusen. Bayer AG or German pronunciation ba is a Germanmultinational, pharmaceutical and life sciences company. It is headquartered in Leverkusen, where its illuminated sign is a landmark. Bayers primary areas of business include human and veterinary pharmaceuticals consumer healthcare products agricultural chemicals and biotechnology products and high value polymers. The company is a component of the Euro Stoxx 5. The companys motto is science for a better life. Bayers first and best known product was aspirin there is a dispute about what scientist at Bayer made the most important contributions to it, Arthur Eichengrn or Felix Hoffmann. Bayer trademarked the name heroin for the drug diacetylmorphine and marketed it as a cough suppressant and non addictive substitute for morphine from 1. Bayer also introduced phenobarbital, prontosil, the first widely used antibiotic and the subject of the 1. Nobel Prize in Medicine, the antibiotic Cipro ciprofloxacin, and Yaz drospirenone birth control pills. In 2. 01. 4 Bayer bought MSDs consumer business, with brands such as Claritin, Coppertone and Dr. Scholls. Its Bayer. Cropscience business develops genetically modified crops and pesticides. Its materials science division makes polymers like polyurethanes and polycarbonate. Bayer was founded in Barmen in 1. It was part of IG Farben, the worlds largest chemical and pharmaceutical company, from 1. The company played a key role in the Wirtschaftswunder during the early Cold War and quickly regained its position as one of the worlds largest chemical and pharmaceutical corporations. Bayer acquired Schering in 2. Monsanto in 2. 01. HistoryeditEarly historyeditBayer AG was founded in Barmen today a part of Wuppertal, Germany in 1. Friedrich Bayer and his partner, Johann Friedrich Weskott. The companys corporate logo, the Bayer cross, was introduced in 1. It consists of the horizontal word BAYER crossed with the vertical word BAYER, both words sharing the Y, and enclosed in a circle. An illuminated version of the logo is a landmark in Leverkusen, the location of Bayer AGs headquarters. AspirineditBayers first major product was acetylsalicylic acid originally discovered by French chemist Charles Frederic Gerhardt in 1. By 1. 89. 9, Bayers trademark Aspirin was registered worldwide for Bayers brand of acetylsalicylic acid, but Aspirin lost its trademark status in the United States, France, and the United Kingdom because of the confiscation of Bayers US assets and trademarks during World War I by the United States and the subsequent widespread usage of the word to describe all brands of the compound. It is now widely used in the US, UK, and France for all brands of the drug. However, it is still a registered trademark of Bayer in more than 8. Canada, Mexico, Germany, and Switzerland. As of 2. 01. 1, approximately 4. United States alone each year for prevention of cardiovascular events. It is on the WHO Model List of Essential Medicines, the most important medications needed in a basic health system. There has been controversy over the roles played by Bayer scientists in the development of aspirin. Arthur Eichengrn, a Bayer chemist, claimed to be the first to discover an aspirin formulation which did not have the unpleasant side effects of nausea and gastric pain. Eichengrn also claimed that he invented the name aspirin and was the first person to use the new formulation to test its safety and efficacy. Bayer contends that aspirin was discovered by Felix Hoffmann to alleviate the sufferings of his father, who had arthritis. Various sources support the conflicting claims. Most mainstream historians attribute the invention of aspirin to Felix Hoffmann andor Arthur Eichengrn. Heroin diacetylmorphine, now illegal as an addictive drug, was trademarked and marketed by Bayer as a cough suppressant and non addictive substitute for morphine from 1. Bayer scientists were not the first to make heroin, but their scientists discovered ways to make it, and Bayer led commercialization of heroin. Heroin was a Bayer trademark until after World War I. PhenobarbitaleditIn 1. Bayer licensed the patent for the hypnotic drug diethylbarbituic acid from its inventors Emil Fischer and Joseph von Mering. It was marketed under the trade name Veronal as a sleep aid beginning in 1. File Share Pro 4 0 Crackers. Systematic investigations of the effect of structural changes on potency and duration of action at Bayer led to the discovery of phenobarbital in 1. Phenobarbital was among the most widely used drugs for the treatment of epilepsy through the 1. World Health Organizations list of essential medications. Prior to World War IIeditAs part of the reparations after World War I, Bayer assets, including the rights to its name and trademarks, were confiscated in the United States, Canada, and several other countries. In the United States and Canada, Bayers assets and trademarks were acquired by Sterling Drug, a predecessor of Sterling Winthrop. In 1. 99. 4, Bayer AG purchased Sterling Winthrops over the counter drug business from Smith. Kline Beecham and merged it with Miles Laboratories, thereby reclaiming the U. S. and Canadian trademark rights to Bayer and the Bayer cross, as well as the ownership of the Aspirin trademark in Canada. In 1. 91. 6 Bayer scientists discovered suramin, an anti parasite drug that is still sold by Bayer under the brand name Germanin. The formula of suramin was kept secret by Bayer for commercial reasons however, it was elucidated and published in 1. Ernest Fourneau and his team of the Pasteur Institute. It is on the World Health Organizations List of Essential Medicines, a list of the most important medication needed in a basic health system. Bayer became part of IG Farben, a German chemical company conglomerate, in 1. In the 1. 93. 0s, IG Farben scientists Gerhard Domagk, Fritz Mietzsch, and Joseph Klarer, discovered prontosil, the first commercially available antibacterial drug. The discovery and development of this first sulfonamide drug opened a new era in medicine. Domagk received the Nobel Prize in Medicine for this work in 1. World War IIeditDuring World War II, IG Farben used slave labor in factories that it built adjacent to German concentration camps, notably Auschwitz,2. Mauthausen Gusen concentration camp. IG Farben purchased prisoners for human experimentation of a sleep inducing drug and later reported that all test subjects died. IG Farben employees frequently said, If you dont work faster, youll be gassed. IG Farben held a large investment in Degesch which produced Zyklon B used to gas and kill prisoners during the Holocaust. After World War II, the Allies broke up IG Farben and Bayer reappeared as an individual business inheriting many of IG Farbens assets. Fritz ter Meer, an IG Farben board member from 1. IG Farben plant at Auschwitz, was sentenced to seven years in prison during the IG Farben Military Tribunal at Nuremberg. He was elected Bayers supervisory board head in 1.
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