Discover your next big idea for life sciences at PACK EXPO Las Vegas
Experience a breakthrough in life sciences packaging—explore solutions from 2,300 suppliers spanning all industries, all in one place this September.

Bayer Considers Ditching Animal Health Unit

The decision hinges on whether or not they can strategically grow the business.

The incoming CEO of Bayer said the company may sell its animal health division if their goal of strategically growing it does not pan out, according to Reuters.

"Should we not succeed at that in the end, we will have to ask the strategic question, as is the case with all our businesses, are these businesses well placed with us as best owner or can these businesses perhaps progress better in a different environment, with different access to resources?" said Strategy Chief Werner Baumann during a media briefing, according to Reuters.

Baumann takes over as CEO on May 1.

According to Reuters, the animal health unit saw a revenue increase of 13% to $1.7 billion last year.

But the company doesn't have a set timeline either.

Baumann said that Bayer has a number of interesting animal health products in the works, including developing drugs to boost farm animals' immune systems, and flea and tick collars for dogs.

Break out of the ordinary: see what’s new in life sciences packaging
At PACK EXPO Las Vegas, you’ll see machinery in action and new tech from 2,300 suppliers, collaborate with experts and explore transformative solutions. Join us in September to experience a breakthrough for life sciences products.
REGISTER NOW & SAVE!
Break out of the ordinary: see what’s new in life sciences packaging
Pharmaceutical Innovations Report
Discover the latest breakthrough packaging technologies shaping the pharmaceutical sector. This report dives into cutting-edge innovations, from smart containers that enhance patient safety to eco-friendly materials poised to transform the industry’s sustainability practices. All from PACK EXPO. Learn how forward-thinking strategies are driving efficiency and redefining what’s possible in pharma packaging.
Learn More
Pharmaceutical Innovations Report