 |
| CLICK HERE TO VIEW CURRENT ISSUE |
 |
| Best of NAMA 2025 |
|
 |
|
BAYER'S CEO SAYS CASH FLOW WILL BE PART OF THE COMPANY'S STRATEGIC REVIEW
Nov. 22, 2023
By Ludwig Burger and Patricia Weiss, Reuters
FRANKFURT - Bayer's (BAYGn.DE) strategic review will consider a potentially tougher outlook for cash flows, its CEO said on Tuesday, after the German conglomerate suffered a major drug development setback.
The group late on Sunday aborted a large late-stage trial testing a new anti-clotting drug due to lack of efficacy, throwing its most promising development project in doubt, and adding to litigation and debt problems.
"Anything that effects future cash flows negatively just makes that a little tighter," CEO Bill Anderson said in an analyst call on Tuesday.
"The impact of these recent events does not change what our strategic options are. It just may mean that some of those conditions are a little tighter," said Anderson, who has said he is considering a break-up of the maker of pharmaceuticals, non-prescription treatments and products for farmers.
He gave the example that a potential sale of the consumer products unit to a rival in the industry would generate more cash, and faster, than a partial spin-off on the stock market and gradual sale of any remaining shares over time.
To read the entire report click here.
|
|
|
|
|
