Company type | Subsidiary |
---|---|
Industry | Pharmaceuticals, Agricultural Chemicals, |
Founded | 1954 |
Founder | Werner Baumann |
Headquarters | , |
Area served | Nationwide |
Key people | Philip Blake Senior Bayer Representative USA [2] |
Products | prescription medications over the counter drugs nutritional supplements diagnostic products animal health products crop protection products |
Revenue | $17.0 billion USD (€15.1 billion) (2019) [3] |
Number of employees | 20,735 (2019) [3] |
Parent | Bayer |
Subsidiaries | Bayer Animation |
Website | bayerus |
Bayer Corporation (also known as Bayer USA) is the American subsidiary of Bayer AG. Its main offices are located in Whippany, New Jersey. In addition it has 40 fully consolidated subsidiary companies [3] located in 19 different states. [4]
Bayer AG began marketing in the United States soon after the company's inception in Germany. In the late 19th century, they began to sell their trademark medication, aspirin. While the name "aspirin" became synonymous with Bayer for over a quarter of a century, the company's patents and trademarks were seized by the United States Office of Alien Property Custodian in 1917, due to Germany's enemy status in World War I. These assets were later auctioned and sold to Sterling Drug.
In 1954, Bayer AG and Monsanto reached an agreement for establishment of a joint venture that was to be called Mobay. Initially established in St. Louis, Mobay established its headquarters in Pittsburgh, Pennsylvania in 1958, moving to a location in Robinson Township in 1960. [5] A polyurethanes manufacturing site in New Martinsville, West Virginia began operation in 1955. [6] : 440
In 1964 the United States Department of Justice brought antitrust action against Mobay, resulting in Bayer AG reaching an agreement to purchase Monsanto's share of the company in 1967. [6] : 440–441 In October 1971 Mobay, along with five other Bayer-owned chemical-related subsidiaries in the United States, merged into a single company called Baychem Chemical Company and headquartered in New York City. By 1974 the company relocated to Pittsburgh under the name Mobay Chemical Company. [5] : 24 [6] : 487 In that same decade two additional United States companies were acquired and merged into Mobay: Cutter Laboratories in 1974 and Miles Laboratories in 1978. [6] : 489
In 1992 Bayer consolidated its United States operations under the name Miles, and the Mobay name was discontinued. [7]
In 1994, Bayer reacquired full rights to all former Bayer products [8] after they purchased the Winthrop division of over-the-counter drugs from GlaxoSmithKline, and the Miles name was discontinued.
In 2012, Bayer relocated the top United States administrative head to the Bayer HealthCare site in Whippany. In 2019, Bayer announced the end of it operations at its Pittsburgh site. [9] Later that year Bayer agreed to sell its Pittsburgh facilities to Covestro. [10]
On September 18, 2014, the Board of Directors of Bayer AG announced plans to float the Bayer MaterialScience business on the stock market as a separate entity. [11] This transaction was completed in the fall of 2015 with the establishment of Covestro AG. [12]
Noted over-the-counter Bayer products include Aleve, Bayer Aspirin, Alka-Seltzer, Phillip's Laxatives, Bactine, One-A-Day Vitamins, Flintstone Vitamins, and Midol. The company also markets prescription medications, animal medications, and diagnostic and medical testing equipment. Aside from the medical arm of the company, Bayer also creates many different chemicals and agricultural products.
In 2018, Bayer purchased the American agricultural product producer Monsanto Co. [13] With the purchase, Bayer also took on litigation against its weedkiller product, Roundup, which was subject to thousands of lawsuits, representing nearly 100,000 people, [14] claiming the product caused their cancer. [15] While Bayer denied wrongdoing, it did reach a 2020 settlement of $10 billion to eliminate uncertainty and resolve outstanding claims. [16]
In 1953, Bayer Corporation founded the first of three foundations that were later merged into the Bayer USA Foundation to support philanthropic giving in the United States. [17] [18] Foundation grants focus on education and workforce development, and environment and sustainability.
Making Science Make Sense (MSMS) is a science, technology, engineering, and mathematics (STEM) social responsibility program to provide hands-on, inquiry-based educational opportunities in the United States. [18] The program focuses on promoting science and scientific principles to students in grades K-20. Astronaut Mae Jemison is the national spokesperson for MSMS. [19]
Polychlorinated biphenyls (PCBs) are organochlorine compounds with the formula C12H10−xClx; they were once widely used in the manufacture of carbonless copy paper, as heat transfer fluids, and as dielectric and coolant fluids for electrical equipment. They are highly toxic and carcinogenic chemical compounds, formerly used in industrial and consumer electronic products, whose production was banned internationally by the Stockholm Convention on Persistent Organic Pollutants in 2001.
The Monsanto Company was an American agrochemical and agricultural biotechnology corporation founded in 1901 and headquartered in Creve Coeur, Missouri. Monsanto's best-known product is Roundup, a glyphosate-based herbicide, developed in the 1970s. Later, the company became a major producer of genetically engineered crops. In 2018, the company ranked 199th on the Fortune 500 of the largest United States corporations by revenue.
Roundup is a brand name of herbicide originally produced by Monsanto, which Bayer acquired in 2018. Prior to the late-2010s formulations, it used broad-spectrum glyphosate-based herbicides. As of 2009, sales of Roundup herbicides still represented about 10 percent of Monsanto's revenue despite competition from Chinese producers of other glyphosate-based herbicides. The overall Roundup line of products represented about half of Monsanto's yearly revenue in 2009. The product is marketed to consumers by Scotts Miracle-Gro Company. In the late-2010s other non-glyphosate containing herbicides were also sold under the Roundup brand.
BASF SE, an initialism of its original name Badische Anilin- und Sodafabrik, is a German multinational company and the largest chemical producer in the world. Its headquarters are located in Ludwigshafen, Germany.
Glyphosate is a broad-spectrum systemic herbicide and crop desiccant. It is an organophosphorus compound, specifically a phosphonate, which acts by inhibiting the plant enzyme 5-enolpyruvylshikimate-3-phosphate synthase (EPSP). It is used to kill weeds, especially annual broadleaf weeds and grasses that compete with crops. Its herbicidal effectiveness was discovered by Monsanto chemist John E. Franz in 1970. Monsanto brought it to market for agricultural use in 1974 under the trade name Roundup. Monsanto's last commercially relevant United States patent expired in 2000.
GNC Holdings, LLC is an American multinational retail and nutritional manufacturing company based in Pittsburgh, Pennsylvania. It specializes in health and nutrition related products, including vitamins, supplements, minerals, herbs, sports nutrition, diet, and energy products. It is a wholly owned subsidiary of Harbin Pharmaceutical Group, a Chinese state-owned pharmaceutical manufacturer.
Syngenta Global AG is a global agricultural technology company headquartered in Basel, Switzerland. It primarily covers crop protection and seeds for farmers. Syngenta is part of the Syngenta Group, entirely owned by Sinochem, a Chinese state-owned enterprise.
Pioneer Hi-Bred International, Inc. is a U.S.-based producer of seeds for agriculture. They are a major producer of genetically modified crops with insect and herbicide resistance.
Covestro AG is a German company producing polyurethane and polycarbonate raw materials. Products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, as well as polyurethane based additives used in the formulation of coatings and adhesives. It is a Bayer spin-off formed in the fall of 2015 and was formerly called Bayer MaterialScience.
Dicamba is a selective systemic herbicide first registered in 1967. Brand names for formulations of this herbicide include Dianat, Banvel, Diablo, Oracle and Vanquish. This chemical compound is a chlorinated derivative of o-anisic acid. It has been described as a "widely used, low-cost, environmentally friendly herbicide that does not persist in soils and shows little or no toxicity to wildlife and humans."
Roundup Ready is the Bayer trademark for its patented line of genetically modified crop seeds that are resistant to its glyphosate-based herbicide, Roundup.
John E. Franz is an organic chemist who discovered the herbicide glyphosate while working at Monsanto Company in 1970. The chemical became the active ingredient in Roundup, a broad-spectrum, post-emergence herbicide. Franz has earned acclaim and rewards for this breakthrough. He also has over 840 patents to his name worldwide.
The National Black Farmers Association (NBFA) is a non-profit organization representing African American farmers and their families in the United States. As an association, it serves tens of thousands of members nationwide. NBFA's education and advocacy efforts have been focused on civil rights, land retention, access to public and private loans, education and agricultural training, and rural economic development for black and other small farmers.
Bayer AG is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include: pharmaceuticals, consumer healthcare products, agricultural chemicals, seeds and biotechnology products. The company is a component of the EURO STOXX 50 stock market index.
David Charles Frederick is an appellate attorney in Washington, D.C., and is a name partner at Kellogg, Hansen, Todd, Figel & Frederick He has argued over 50 cases before the Supreme Court.
Monsanto was involved in several high-profile lawsuits, as both plaintiff and defendant. It had been defendant in a number of lawsuits over health and environmental issues related to its products. Monsanto also made frequent use of the courts to defend its patents, particularly in the area of agricultural biotechnology. Bayer acquired Monsanto in 2018, and the company has since been involved in litigation related to ex-Monsanto products such as glyphosate, PCBs and dicamba. In 2020 it paid over $10 billion to settle lawsuits involving the glyphosate based herbicide Roundup.
A genetically modified sugar beet is a sugar beet that has been genetically engineered by the direct modification of its genome using biotechnology. Commercialized GM sugar beets make use of a glyphosate-resistance modification developed by Monsanto and KWS Saat. These glyphosate-resistant beets, also called 'Roundup Ready' sugar beets, were developed by 2000, but not commercialized until 2007. For international trade, sugar beets have a Maximum Residue Limit of glyphosate of 15 mg/Kg at harvest. As of 2016, GMO sugar beets are grown in the United States and Canada. In the United States, they play an important role in domestic sugar production. Studies have concluded the sugar from glyphosate-resistant sugar beets is molecularly identical to and so has the same nutritional value as sugar from conventional (non-GMO) sugar beets.
Paul François is a French agricultor and author, who has been decorated with the Legion of Honour. He is notable chiefly because he demonstrated to a court of law that he was poisoned by a Monsanto product.
Glyphosate-based herbicides are usually made of a glyphosate salt that is combined with other ingredients that are needed to stabilize the herbicide formula and allow penetration into plants. The glyphosate-based herbicide Roundup was first developed by Monsanto in the 1970s. It is used most heavily on corn, soy, and cotton crops that have been genetically modified to be resistant to the herbicide. Some products include two active ingredients, such as Enlist Duo which includes 2,4-D as well as glyphosate. As of 2010, more than 750 glyphosate products were on the market. The names of inert ingredients used in glyphosate formulations are usually not listed on the product labels.
Johnson v. Monsanto Co. was the first lawsuit to proceed to trial over Monsanto's Roundup herbicide product causing cancer. The lawsuit alleged that the exposure of glyphosate, an active ingredient in the Roundup product, caused Dewayne "Lee" Johnson's non-Hodgkin lymphoma. In a landmark verdict, Monsanto's purchaser Bayer Corporation was ordered by a San Francisco jury to pay $289m in punitive damages and compensatory damages. Monsanto, and after June 2018 Bayer, appealed the verdict several times. The award was cut to $78 million, then reduced to $21 million after appeal.