Bayer
Company Score
-1.55Bayer AG is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. Its areas of business include human and veterinary pharmaceuticals; consumer healthcare products; agricultural chemicals, seeds and biotechnology products.
Bayer products include: aspirin, prontosil (the first widely used antibiotic), the antibiotic Cipro (ciprofloxacin); and Yaz (drospirenone) birth control pills. In 2018 Byer acquired Monsanto, a leading producer of genetically engineered crops, for $63 billion. Bayer CropScience develops genetically modified crops and pesticides.
Read about Bayer and its impact below.
Impact notes
Bayer pays $1.6 Bn settlement for 39,000 Essure lawsuits, but denies liability or wrongdoing
Sandhyani.Borah
Mon May 31st, 2021 at 10:38pm
As of 2019, millions of women globally used female contraceptives, with 219 Mn (23.8%) using female sterilization, 159 Mn (17%) opting IUDs and 23 Mn (2%) choosing implants1;p3. While usually safe, there are cases of adverse effects for these procedures7.
Monsanto, a Bayer’s subsidiary, destroyed the ecosystem of 39 waterways through pollution as of 2020
Ali Ibrahim
Mon Feb 15th, 2021 at 5:12pm
The Environmental Protection Agency of the United States indicates that half of the rivers and one-third of the lakes are polluted in the country1. It is estimated that 4.9 trillion litres of untreated industrial waste are dumped into US water bodies annually1.
Bayer has failed to appoint a single woman to its board of management position
Rameen
Wed Feb 10th, 2021 at 2:25pm
According to World Healthcare Organization, women occupy 67% of jobs in the health care industry5. In 2019, Pharmaceutical companies in FTSE 350 had 24% women on their executive committees and 6% as executive directors on their board4, due to gender biasedness in the hiring process and lack of qualification in business and economic degrees, which is a recurring theme of progression6. Pharma companies have a chance to make the world a healthier place by curing gender bias, by empowering women in decisions about drug research and access to medicines7.
Bayer pays $775M settlement over 25,000 lawsuits alleging severe side-effects of Xarelto
Sandhyani.Borah
Fri Feb 5th, 2021 at 2:12pm
Adverse Drug Events (ADEs) are injuries caused due to medication use1. Globally, 19% of all injuries experienced by hospitalized patients are accounted for by ADEs1. ADEs increase morbidity, mortality, prolonged hospitalizations, and costs of treatment1.