Bayer: a bitter pill to swallow
Bayer is being sued in the US over adverse side effects produced by anti-cholesterol drug Baycol. The firm also faces lower demand for its chemical and polymer products and needs to reduce leverage by selling assets. Is Bayer a deteriorating credit or are the firm’s woes little more than bad news stories?
Bayer has been shaken by widespread litigation concerning its ill-fated anti-cholesterol drug, Baycol. Despite winning its first major US court case, in Corpus Christi, Texas, a factor that softened market sentiment towards Bayer, future lawsuits are still a big thorn in the German company’s side. The victory does set a favourable precedent, but the decision should not be viewed as the end of Bayer’s troubles, as each individual case differs in its circumstances.
The German pharmaceuticals
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