Bayer turns focus from present woes to future potential

23 November 2023

Nobody could call it a good week for Bayer (BAYN: DE), with its shares slumping to their lowest level in a decade on Monday after the firm said it would discontinue a Phase III trial for a blood-thinning drug for heart disease that had failed to demonstrate efficacy.

But the company has swiftly sought to move on from apixaban’s failure in atrial fibrillation at risk for stroke, with Wednesday’s presentation of optimistic news relating to Bayer’s radiology pipeline and innovations in artificial intelligence (AI).

Gadoquatrane results support further development

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