Bayer

German multinational pharmaceutical and biotechnology company

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2025 Flyers from an alleged dark money source were sent to Missouri senators opposing the Roundup-related bill, with Bayer denying involvement in the mailers.
2024 Legislation was introduced in Iowa, Missouri, and Idaho with language potentially shielding Bayer from Roundup-related cancer lawsuits.
2023 Bayer experienced a revenue decline to €47.6 billion and returned to a net loss of €2.9 billion, with employee count further reducing to 99,723
April 4 2023 A Delaware judge dismissed a lawsuit by Merck & Co seeking to hold Bayer AG responsible for talc-related liabilities from a 2014 consumer care business purchase. The judge supported Bayer's interpretation of the purchase agreement, preventing Merck from transferring its legal liabilities to Bayer.
2022 Bayer achieved its highest revenue in the given period at €50.7 billion, with net income rebounding to €4.1 billion and employee count increasing to 101,369
June 17 2022 The United States Court of Appeals for the Ninth Circuit ordered the EPA to reexamine its 2020 finding that glyphosate did not pose a health risk.
2021 Bayer recovered partially, reporting revenue of €44.0 billion and a net income of €1.0 billion, with employee count stabilizing at 99,637
June 2021 Bayer announced the acquisition of Noria Therapeutics Inc. and PSMA Therapeutics Inc., gaining rights to cancer-based investigational compounds based on actinium-225.
2020 Bayer experienced a challenging year with revenue dropping to €41.4 billion and a substantial net loss of €10.4 billion, with further reduction in employee count to 99,538
2020 Bayer sold its Animal Health business to Elanco.
November 25 2020 U.S. District Judge Fernando M. Olguin rejected Bayer's $650 million settlement offer for PCB-related lawsuits and allowed the cases to proceed.
November 25 2020 U.S. District Judge Stephen Limbaugh Jr. reduced the punitive damages in the Bader Farms case from $250 million to $60 million.
October 2020 Bayer agreed to acquire Asklepios BioPharmaceuticals for $2 billion upfront.
August 2020 Bayer acquired KaNDy Therapeutics Ltd for $425 million to boost its female healthcare business.
July 2020 The California Court of Appeals denied an appeal and reduced the damages owed to $20.4 million.
June 2020 Bayer agreed to pay $800 million to settle lawsuits related to PCB contamination of public waterways by Monsanto prior to 1978.
June 2020 Bayer agreed to a settlement of up to $400 million for all dicamba claims from crop years 2015 to 2020, separate from the Bader Farms lawsuit.
June 2020 Bayer agreed to pay $9.6 billion to settle over 10,000 Roundup lawsuits, with an additional $1.25 billion allocated for future claims. The settlement aims to resolve 75% of existing claims.
June 2020 A verdict was delivered upholding the original Roundup lawsuit judgment but further reducing the award to $21.5 million.
February 15 2020 Bayer and BASF were ordered to pay an additional $250 million in punitive damages in the Bader Farms lawsuit, bringing the total judgment to $265 million. The companies announced plans to appeal the fine.
February 14 2020 Bayer and BASF were ordered to pay Missouri peach farmer Bill Bader $15 million in damages for destruction of his peach trees caused by dicamba usage by nearby farmers.
January 2020 The US Environmental Protection Agency (EPA) finalized its interim registration review for Roundup, stating that it did not identify any cancer risks.
2019 A federal jury in San Francisco ruled in favor of Bayer in a $600 million class action lawsuit alleging misleading marketing claims about One A Day vitamins' health benefits. The jury found that plaintiffs failed to prove Bayer misrepresented its product claims or that consumers relied on false information when purchasing.
2019 Bayer and Johnson & Johnson settled approximately 25,000 lawsuits related to the blood thinner Xarelto by agreeing to pay $775 million to plaintiffs who claimed inadequate warnings about potential fatal bleeding risks. The companies did not admit liability and noted their success in six previous trials.
2019 Bayer increased annual revenue to €43.5 billion, with a significant improvement in net income to €4.0 billion, while employee count decreased to 103,824
2019 Bayer identified key growth products including Xarelto, Eylea, Stivarga, Xofigo, and Adempas.
September 2019 Bayer announced a significant organizational restructuring, reducing the number of management board members from seven to five to cut overall costs.
September 16 2019 Bayer completes the merger of Monsanto India under the approval of National Company Law Tribunal.
August 2019 Bayer acquired the remaining ≈60% of BlueRock Therapeutics for up to $600 million.
May 13 2019 A United States Superior Court Judge initially ordered Bayer to pay more than $2.5 billion in damages to a California couple who contracted non-Hodgkin's Lymphoma, later reduced to $87 million on appeal.
2018 Bayer reported annual revenue of €39.5 billion, with a net income of €1.6 billion and 107,894 employees
November 2018 Monsanto appealed the judgment, requesting a motion for a new trial.
November 2018 Bayer's market capitalization was valued at US€65.4 billion in November, with company shares trading at over €69 per share.
September 18 2018 Bayer filed an appeal against the Roundup lawsuit verdict. The award was subsequently reduced to $78.5 million.
August 2018 A U.S. jury ordered Monsanto (recently acquired by Bayer) to pay $289 million to a school groundskeeper who claimed his Non-Hodgkin's lymphoma was caused by Roundup, resulting in a 14% drop in Bayer's share price.
June 7 2018 Bayer closes the Monsanto acquisition, discontinuing the Monsanto brand and marketing products under the Bayer name.
May 20 2018 United States approves the Bayer-Monsanto acquisition deal.
March 21 2018 European Union approves the Bayer-Monsanto acquisition deal.
2017 US District Court in San Francisco determined that subclasses of purchasers of One A Day vitamins from Florida, New York, and California could act together in a class action lawsuit against Bayer.
2017 Bayer reported annual earnings of EUR€7.3 billion and annual revenue of EUR€35 billion, experiencing a 25.1% decrease from the previous fiscal cycle.
2016 Bayer began a second restructuring with the aim of transitioning to a life sciences-based company, planning to offload its Materials division by mid-2016.
September 2016 Monsanto agrees to Bayer's revised $66 billion acquisition offer.
May 2016 Bayer initially offers to buy U.S. biotechnology company Monsanto for $62 billion, which Monsanto initially rejects.
September 2015 Bayer formally spun out Covestro as a separate company.
June 2015 Bayer agreed to sell its diabetic care business to Panasonic Healthcare Holdings for $1.02 billion.
June 1 2015 Bayer announced that the spun-off MaterialScience business would be named Covestro.
2014 Bayer agreed to buy Merck's consumer health business for $14.2 billion, gaining control of brands like Claritin, Coppertone, and Dr. Scholl's, positioning itself second globally in nonprescription drugs.
2014 Bayer acquired Algeta, a radiotherapeutic company, for approximately $2.9 billion.
2014 Pharmaceutical products contributed €12.05 billion of Bayer's total €40.15 billion gross revenue.
September 18 2014 Bayer AG's Board of Directors announced plans to float the Bayer MaterialScience business as a separate entity on the stock market.

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