Bayer to Donate Medicines and Money With a Total Value of Approximately Eur 1.5 Million

Press release

Published January 30th, 2020 - 10:42 GMT

CEO Werner Baumann: “We want to help people in the affected regions quickly and effectively”

Highlights

Bayer is donating medicines and additional financial aid worth a total of approximately EUR 1.5 million to support the population affected by the outbreak of the novel coronavirus in China.

Bayer is donating medicines and additional financial aid worth a total of approximately EUR 1.5 million to support the population affected by the outbreak of the novel coronavirus in China. The donations will be made to the Chinese Red Cross, which is working together with the health authorities to coordinate the deployment of aid measures for the prevention, diagnosis, treatment and containment of the coronavirus.

“We want to help people in the affected regions quickly and effectively,” said Werner Baumann, Chairman of the Board of Management of Bayer AG. “Our people have worked hard over the Chinese New Year holiday season to make sure that these medicines can be supplied without delay.”

The donated medicines have a total value of EUR 850,000. The approximately EUR 600,000 cash donation will be used primarily to provide the protective clothing urgently needed by the medical staff in Wuhan.

Medical and monetary donations to help people in need are an integral part of Bayer’s corporate philosophy and commitment to social engagement.

Background Information

Bayer

Bayer is a global enterprise with core competencies in the Life Science fields of health care and agriculture. Its products and services are designed to benefit people and improve their quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and to its social and ethical responsibilities as a corporate citizen. In fiscal 2017, the Group employed around 99,800 people and had sales of EUR 35.0 billion. Capital expenditures amounted to EUR 2.4 billion, R&D expenses to EUR 4.5 billion.