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BAYRY Bayer Aktiengesellschaft (PK)

7.60
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
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

Bayer Disagrees With French Court Decision on Roundup

15/01/2019 5:14pm

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Bayer Aktiengesellschaft (PK) (USOTC:BAYRY)
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   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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