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Bayer's Faith In Pharma Pipeline Paying Off

Positive News For Nubeqa and Kerendia

 
• By Kevin Grogan

The German major has presented the latest developments in the ongoing transformation of its pharmaceuticals business, starting with the prostate cancer therapy Nubeqa which Bayer believes will be a €3bn drug, way up on its earlier estimate of €1bn.

Bayer cross
• Source: Bayer

Observers concerned about the prospects for Bayer AG’s pharmaceutical operations once the big-selling heart drug Xarelto and blockbuster eye therapy Eylea lose patent protection will have been enthused by good news on Nubeqa and Kerendia, its two key growth-drivers for the rest of this decade and beyond.

First up, after a year of relative caution about its commercial prospects, Bayer is now forecasting at least €3bn in...

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