Pharmaceuticals Bayer AG and Cadila Healthcare Ltd Collaborate to SellPharmaceuticals in India
Bayer AG — a chemical and pharmaceutical company founded in Germany — and the Ahmedabad-based Cadila Healthcare Ltd have collaborated to form a joint venture company called Bayer Zydus Pharma.
Ahmedabad/India — Each company will hold a 50 percent share in the newlyformed venture. Six hundred employees from both companies will work for the venture. Bayer will contribute its existing sales and marketing business in India to the venture, while Cadila will contribute its women’s health, diagnostic-imaging business and other products. The venture will sell brands from both companies, such as Bayer’s blood thinner Xarelto and Cadila’s Euglim for diabetes.