Bayer to Invest More Than $1.44 Billion in Impact Investment Unit
April 01 2022 - 7:48AM
Dow Jones News
By Cecilia Butini
Bayer AG said Friday that it would invest more than 1.3 billion
euros ($1.44 billion) in its impact investment unit Leaps by Bayer
over the next three years as it seeks to drive innovation in the
life sciences domain.
The German pharmaceutical and agricultural company said it has
already invested more than EUR1.3 billion over the past seven years
in more than 50 companies that focus on innovation in health and
agriculture.
According to Bayer, "a forthcoming wave of innovations will open
new opportunities in next-generation healthcare and [provide]
farming solutions to make agriculture more sustainable and less
resource intensive." Chief Executive Werner Baumann said that Bayer
would step up its efforts in order to be a driver of this
innovation.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
April 01, 2022 07:33 ET (11:33 GMT)
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