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Business

Bayer Touts Life Sciences R&D

by Alex Scott
December 8, 2014 | A version of this story appeared in Volume 92, Issue 49

Bayer says it plans to “sharpen its focus” on innovation in life sciences. The firm spent a total of $4.4 billion on R&D in 2013, equivalent to 7.9% of sales, and expects to spend about the same amount in 2014. Bayer HealthCare accounts for 70% of R&D spending in life sciences with Bayer CropScience taking up the remainder. The firm has 13,000 staff involved in life sciences R&D, of which 61% are in health care and 39% are in crop science. In 2013, the life sciences businesses applied for 500 patents.

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