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Bayer Sells Nebido To Grünenthal Amid Shift In Focus To Cell And Gene Pipeline

Will Sell For Up To €500m

 
• By Ayisha Sharma

The major will use funds from the sale of its male hypogonadism product to invest in future innovation, which is likely to focus on high-risk high-reward cell and gene drug candidates.  

The Divestment Will Generate Funds To Invest In Innovative New Therapies • Source: Shutterstock

Bayer AG is selling its androgen and anabolic steroid, Nebido (testosterone undecanoate), to German firm Grünenthal GmbH as part of a broader strategic reshuffling aimed at developing the next generation of cell and gene therapies.

Nebido, a gold standard product for male hypogonadism, will be sold for up to €500m ($502.5m). The product is launched...

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