Leverkusen-headquartered Bayer (BAYN: DE) has agreed a deal with a fellow German company, Nuvisan, to transfer a large part of its Berlin-based small molecule research unit.
Nuvisan is a contract research organization (CRO) which offers clinical studies, laboratory services and contract manufacturing with several sites and clinics in Germany and France.
The strategic partnership will kick off a new research entity to be established by Nuvisan in Berlin, while enabling Bayer to focus on the flexibility and productivity of its R&D operating model.
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