Bayer stresses value of autonomy for its latest acquisition
German pharma major Bayer (BAYN: DE) has highlighted the progress made by its wholly-owned San Diego-based subsidiary Vividion Therapeutics.
During a presentation at the 2022 BIO International Convention, Bayer will emphasize how the two companies have “fostered innovation and collaboration” using an “arm’s length” operating model.
Bayer bought the firm in 2021, deploying an innovative business model that allows Vividion to operate largely autonomously to advance its novel pipeline and platform technologies.
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