Innovation Life Science Company Bayer Steps up Focus on Research and Development

The Bayer Group plans in the future to sharpen its focus on innovation in its life science businesses, HealthCare and CropScience. "Overall, we expect the R&D-to-sales ratio to increase in the coming years," said Management Board Chairman Dr. Marijn Dekkers on Tuesday, addressing some 140 journalists at Bayers Perspective on Innovation 2014 press forum in Leverkusen. The research and development budget in the life science businesses this year amounts to EUR 3.2 billion. Of this amount, Bayer HealthCare accounts for 70 percent and Bayer CropScience for 30 percent. Dekkers said that as a world-class life science company, Bayer will continue to target attractive markets with high growth rates, and in following this course, it has very good prospects for the future.