Bayer Buffeted By OCEANIC Setback

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
New drug class...

The oral Factor XIa inhibitor was bested by the control drug apixaban (BMS/Pfizer’s Factor Xa inhibitor Eliquis) in patients with atrial fibrillation at risk for stroke, leading the study’s independent...

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