Bayer's Job Cuts And Flat 2021 Sales Outlook Disappoint
But Bolt-On Pharma Acquisitions, Product Licensing, To Continue
Licensing agreements and bolt-on acquisitions to strengthen its R&D pipeline are still in Bayer’s sights as the COVID-19 pandemic and currency devaluations have led to the need for job cuts and substantial cost savings at the big pharma company.
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The German company is making some dramatic changes to its structure and in terms of pharma R&D, the focus will be very much on external alliances.
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