Healthcare Business News
 


Bayer to buy Merck consumer business


By Associated Press
Posted: May 6, 2014 - 9:30 am ET
Tags:

Germany's Bayer plans to buy U.S. drug company Merck & Co.'s non-prescription medicine and consumer-care business for $14.2 billion, gaining products such as Claritin allergy pills, Coppertone sun lotion and Dr. Scholl's footcare products.

Bayer CEO Marijn Dekkers said Tuesday that the proposed deal "marks a major milestone on our path towards global leadership in the attractive non-prescription medicines business."

Advertisement | View Media Kit

 

The company said the deal would make it the leader in over-the-counter products in North and Latin America. Bayer already has a major non-prescription division whose brands include Aleve, Alka-Seltzer and One-A-Day vitamins. Bayer also makes prescription drugs, industrial materials and farm chemicals.

Bayer AG said the combined business would be headquartered at Bayer's site in Whippany, N.J. Merck's consumer business has about 2,250 employees and is based in New Jersey.

Merck is headquartered in Whitehouse Station, N.J., and is different from Germany drug company Merck KGaA.

Bayer said it also has entered an agreement with Merck to cooperate on developing and selling drugs known as sGC modulators, which have potential for treating heart failure and pulmonary hypertension. Merck would initially paying Bayer $1 billion under the and further payments contingent on sales.


What do you think?

Share your opinion. Send a letter to the Editor or Post a comment below.

Post a comment

Loading Comments Loading comments...

Search ModernHealthcare.com:


 

Switch to the new Modern Healthcare Daily News app

For the best experience of ModernHealthcare.com on your iPad, switch to the new Modern Healthcare app — it's optimized for your device but there is no need to download.