Life sciences company Bayer Aktiengesellschaft (BAYRY) operates through the three broad segments of Pharmaceuticals; Consumer Health; and Crop Science. The company offers prescription drugs, non-prescription over-the-counter medicines, and chemical and biological crop protection products. It is headquartered in Leverkusen, Germany.
Recently, the Supreme Court rejected the company’s appeal to stop lawsuits that claimed that BAYRY’s Roundup (weedkiller) causes cancer. The lawsuits impose a significant legal challenge for the company. However, agriculture groups have sided with the company, stating that the verdict might affect the food supply. Hence, despite the Supreme Court ruling, farmers might not choose to give up the weedkiller.
