Bayer to spend two billion euros on strengthening pharma production
German life sciences major Bayer (BAYN: DE) has announced planned investments of around two billion euros ($2.22 billion) over the next three years on strengthening its global pharma production network.
This will involve a shift of resources into strategic pharmaceutical areas by investing in key production sites, manufacturing technologies and supply chain network.
Bayer is carrying out a wider transformation of its pharmaceutical division through enhanced focus on breakthrough innovation as well as through consolidation and modernization of its business operations.
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