Bayer Acquires Chiron In Consolidation Move

Bayer expects increased market clout with Chiron’s diagnostic product lines

CEO SUMMARY: As expected, consolidation within the diagnostics industry continues. This time it is Bayer, spending $1.1 billion to acquire Chiron’s diagnostics business. Once completed, Bayer will be the fourth-largest diagnostics company in the world. Laboratory customers of both firms will see many changes during the 18 months following the merger.

ONCE AGAIN THE DIAGNOSTICS industry

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