Publish Date : 04-Dec-2014
The Bayer Group plans in the future to sharpen its focus on innovation in its life science businesses, HealthCare and CropScience. “Overall, we expect the R&D-to-sales ratio to increase in the coming years,” said Management Board Chairman Dr. Marijn Dekkers on Tuesday, addressing some 140 journalists at Bayer’s Perspective on Innovation 2014 press forum in Leverkusen. The research and development budget in the life science businesses this year amounts to EUR 3.2 billion. Of this amount, Bayer HealthCare accounts for 70 percent and Bayer CropScience for 30 percent. Dekkers said that as a world-class life science company, Bayer will continue to target attractive markets with high growth rates, and in following this course, it has very good prospects for the future.
He explained that the company has a more than 13,000 employees in research and development, 61 percent of them in HealthCare and 39 percent in CropScience, and that it has made major progress in both businesses. In the pharmaceuticals segment, Bayer has successfully completed 25 Phase III clinical studies since 2010, and at CropScience introduced 30 new active ingredients to the market between 2000 and 2013. Last year alone, Bayer applied for 500 patents in the life sciences.
Dekkers remarked that developing new products is critical to the success of the life science businesses. Equally as important, however, is the ability to market products and gain market shares. In the pharmaceuticals business, Bayer is one of the fastest-growing global companies, with leading positions in key indications. In the over-the-counter (OTC) products business, the company is ranked number two in the world. Bayer is also strong in the agriculture business. “We are one of the fastest-growing crop science companies,” said Dekkers. CropScience occupies second place worldwide in crop protection. The seed business currently is ranked 7th globally, and is to be further expanded in the future.
“Our business models, whether in HealthCare or CropScience, have many similarities,” Dekkers said. These include an excellent research organization, strong growth and innovative marketing. Bayer is a trendsetter in research-intensive fields. “Our processes begin in the lab and the benefits end up with the customer. We enable doctors to help patients, we enable farmers to help feed the world, we enable veterinarians to help animals. This is all in line with our mission: Bayer: Science For A Better Life,” said the Board Chairman.
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