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Name | Symbol | Market | Type |
---|---|---|---|
Bayer Aktiengesellschaft (PK) | USOTC:BAYRY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.60 | 7.59 | 7.68 | 7.69 | 7.59 | 7.66 | 2,551,609 | 21:30:14 |
By Donato Paolo Mancini
Bayer AG (BAYN.XE) said late Tuesday that it disagrees with the decision taken by a French court to cancel the marketing authorization for Roundup 360, a glyphosate product it inherited after acquiring Monsanto last year.
Bayer pointed to scientific evidence it said proves glyphosate isn't carcinogenic, and said it is currently reviewing the decision and considering its legal options.
Bayer is currently embroiled in a high-stakes legal challenge in the U.S. over whether glyphosate can cause cancer, after it lost a high-profile case last summer. The German chemicals giant claimed an essential victory earlier this month when it successfully asked for a procedural change in a pivotal trial on the same issue.
Shares in Bayer have lost 37% in the past 12 months, and closed 0.3% higher Tuesday.
Write to Donato Paolo Mancini at donatopaolo.mancini@dowjones.com; @donatopmancini
(END) Dow Jones Newswires
January 15, 2019 11:59 ET (16:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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