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Bayer boosts drug pipeline with Vividion buy, lifts outlook


Bayer boosts drug pipeline with Vividion buy, lifts outlook
FILE PHOTO: The logo of Bayer AG is seen in a showroom of the German drugmaker where the annual results news conference takes place in Leverkusen, Germany February 27, 2020. REUTERS/Wolfgang Rattay/File Photo
August 5, 2021
By Christoph Steitz
FRANKFURT (Reuters) -Bayer on Thursday boosted its drug pipeline with a $2 billion takeover and lifted its outlook for 2021 after sales of prescription medicines recovered from restrictions related to the COVID-19 pandemic.
Bayer now expects sales of 43 billion euros ($50.9 billion) this year, up from 41 billion earlier. Core earnings (EBITDA) before special items are seen at 10.6 billion to 10.9 billion euros, compared with 10.5 billion to 10.8 billion previously. ....

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