My watch list
my.chemeurope.com  
Login  

09-17-2007: Bayer Schering Pharma AG, Germany, has completed the acquisition of a biologics manufacturing facility in Emeryville, California from Novartis. Bayer will manufacture its multiple sclerosis drug Betaseron® at the Emeryville site, retain full control of all manufacturing and process technology used in the production of Betaseron® (interferon beta-1b) and has retained the employees associated with the manufacture of the product.

As part of the transaction, which was announced in March 2007, Novartis has transferred manufacturing responsibility to Bayer Schering Pharma for Betaseron and has received a total one-time payment of approximately USD 200 million for the transfer of production equipment, inventory and the leasing of buildings at the site.

Bayer Schering Pharma will continue to pay Novartis royalties equivalent to those being paid currently on net sales of Betaseron® manufactured by Bayer at the Emeryville facilities until expiration of the original regulatory filing, development and supply agreement in October 2008. After this date, no more royalties will be due to Novartis on the sales of Betaseron®.

Bayer Schering Pharma will support Novartis in the regulatory filing process of a Novartis brand of the 250mcg version of interferon beta-1b. When approved by health authorities, Bayer Schering Pharma will supply the 250mcg version of interferon beta-1b to Novartis from 2009 forward and receive in return a double digit royalty payment from Novartis.

Watchlist

This is where you can add this news to your personal favourites

Facts, background information, dossiers
More about Bayer
  • News

    Bayer CO2 project among best ideas for the future

    A Bayer project for using the greenhouse gas carbon dioxide as a component for plastics is among Germany’s most promising ideas for the future. The “Dream Production” research initiative is one of the award winners in this year’s “365 Landmarks in the Land of Ideas” competition. A pilot pla ... more

    Bayer rated the most sustainable German company in its sector

    Bayer's commitment to sustainability has gained special recognition: At the World Economic Forum in Davos, the rating agency SAM and the auditors KPMG presented their Sustainability Yearbook 2012, which named Bayer as the best German chemical company and one of only three enterprises in the ... more

    Bayer MaterialScience builds multipurpose plant for coating raw materials

    Bayer MaterialScience has begun construction of a multipurpose production plant for polyurethane coating raw materials at Chempark Leverkusen. The products hexamethylene diisocyanate (HDI) and isophorone diisocyanate (IPDI) are used primarily for high-quality and environmentally friendly au ... more

  • Companies

    Bayer SA-NV

    Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. Our products and services are designed to benefit people and improve their quality of life. At the same time we want to create value through innovation, growth and high earni ... more

    Bayer Corporation

    Bayer Corporation, headquartered in Pittsburgh, is a subsidiary of Bayer AG, an international health care, nutrition and innovative materials group based in Leverkusen, Germany. In North America, Bayer had 2006 net sales of 7.8 billion euros and employed 17,200 at year end. Bayer’s three s ... more

    Bayer Technology Services México

    Bayer Technology Services stands for technological competence throughout the service life of processes or units. We support our customers from the development of innovative products and processes to engineering and construction of units, to operating control and optimization – with courage, ... more

More about Novartis
More about Bayer HealthCare
  • News

    After a good third quarter: Bayer confirms Group outlook

    The Bayer Group achieved further sales growth and significantly increased earnings in the third quarter of 2011. “It was a good quarter for Bayer,” Management Board Chairman Dr. Marijn Dekkers said Thursday at the presentation of the interim report. He described the continuing growth moment ... more

    Bayer off to a successful start to 2011

    The Bayer Group got off to a successful start to 2011. “All three subgroups contributed to the strong start to the year with sales and earnings increases,” Bayer CEO Dr. Marijn Dekkers explained on Thursday when the company’s first-quarter results were released. He was especially pleased at ... more

    Bayer focuses resources on growth and innovation

    Bayer plans to invest its resources even more systematically in growing the company and enhancing its innovative capability. The focus will be on researching, developing and marketing new products, particularly in HealthCare and CropScience, and on expanding activities in the emerging marke ... more

More about Bayer Schering Pharma
Most read news
Your browser is not current. Microsoft Internet Explorer 6.0 does not support some functions on Chemie.DE