published Tuesday, May 6th, 2014

Germany's Bayer to buy Merck consumer business

BERLIN — Germany's Bayer AG says it plans to buy U.S. pharmaceutical company Merck & Co. Inc.'s consumer care business, whose products include the Coppertone suncare range, Claritin allergy medicine and the Dr. Scholl's footcare products, for $14.2 billion.

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

Bayer said that it also has entered an agreement with Merck to cooperate on developing potential cardiovascular treatments, with Merck initially paying Bayer $1 billion and further payments contingent on sales.

about Associated Press...

The Associated Press

Other National Articles

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.