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Bayer AG

   Also found in: Wikipedia, Hutchinson 0.09 sec.

Bayer AG

German chemical and pharmaceutical company. Founded in 1863 by Friedrich Bayer (1825–1880), it now operates plants in more than 30 countries. Bayer has originated scores of pharmaceuticals, chemicals, and synthetic materials; it was the first developer and marketer of aspirin (1899); of Prontosil, the first sulfa drug (1935); and of polyurethane (1937). Bayer was part of the chemical cartel IG Farben from 1925 to 1945, when the latter was dissolved by the Allies; it was reestablished as an independent company in 1951. Its most noteworthy drug of the 1990s was the antibiotic Cipro. Its headquarters are in Leverkusen.



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Bayer Group, Leverkusen, Germany, said the separation of Lanxess AG from the Bayer Group was accomplished on Friday, January 28, 2005 with the entry of the spin-off of the new chemicals group in the commercial register for Bayer AG.
Bayer AG has announced that Friedrich Berschauer, the head of its animal health operations, will replace Jochen Wulff as chairman of its crop science subsidiary, effective April 1.
IMSA, a Monterrey-based steel maker, is teaming with German chemical company Bayer AG to build a polycarbonate manufacturing plant in Monterrey.
 
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