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Bayer Buffeted By OCEANIC Setback

 
• By Alexandra Shimmings

A sea of troubles continues for the German conglomerate as a Phase III failure for one of its future blockbuster hopes sends shares diving. Flickers of hope remain for the product in stroke.    

Sea storm and ship
Bayer Takes Arm Against A Sea Of Troubles • Source: Shutterstock

Problems are piling up for Bayer AG’s new CEO Bill Anderson as one of the German giant’s main pipeline hopes, asundexian, has crashed in the Phase III OCEANIC-AF trial.

Key Takeaways

  • Bayer’s novel anticoagulant has failed in Phase III adding to the German firm’s woes

The oral Factor XIa inhibitor was bested by the control drug apixaban (BMS/Pfizer’s Factor Xa inhibitor Eliquis) in patients with...

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