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  • Bayer to sell Nebido...

Bayer to sell Nebido to Grünenthal for over Rs 4051 crore

Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2022-07-18T13:30:38+05:30  |  Updated On 18 July 2022 1:31 PM IST
Bayer begins Phase I study with GIRK4 inhibitor for atrial fibrillation
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Berlin: Bayer and Grünenthal have entered into a definitive agreement regarding the sale of Bayer's men's health product Nebido (testosterone undecanoate), for a purchase price totaling up to 500 million Euro.

Nebido for the treatment of male hypogonadism (testosterone deficiency) is available in over 80 countries since 2004. In 2021, the product contributed sales of 117 million Euro to Bayer's overall sales of more than 44 billion Euro.
"This divestment is part of the ongoing transformation of our pharmaceuticals business, which focuses on key areas of healthcare innovation," said Marianne De Backer, PhD, MBA, Member of the Executive Committee and EVP, Head Strategy and Business Development & Licensing and Open Innovation, Pharmaceuticals Division of Bayer AG. "Its proceeds will support investments in future innovation and bring forward transformative treatment options for patients."
Read also: Bayer gets USFDA priority review for darolutamide plus docetaxel to treat metastatic hormone-sensitive prostate cancer
Grünenthal will acquire the global product rights to Nebido for an upfront purchase price of up to 500 million Euro, subject to customary closing adjustments, including the contract business in the U.S, where Endo Pharmaceuticals has licensed the compound under the name Aveed from Bayer. The transaction is expected to close by the end of 2022, pending the satisfaction of customary closing conditions, including approval by the competition authorities.
UBS Investment Bank acted as financial advisor to Bayer, while Allen & Overy provided legal advice.

Read also: Bayer wins fourth Roundup weedkiller case in US

BayerBayer newsGrünenthalNebidotestosterone undecanoatehypogonadismEndo PharmaAveed
Medical Dialogues Bureau
Medical Dialogues Bureau

    Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in.

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