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4-Traders Homepage  >  Equities  >  Xetra  >  Bayer    BAYN   DE000BAY0017

BAYER (BAYN)
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Bayer : Halts Phase 3 Study on New Xarelto Indication

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10/06/2017 | 08:44am CEST
   By Sarah Sloat 
 

Bayer AG (>> Bayer) said late Thursday it halted a phase 3 study for the use of blood-thinning drug Xarelto because it didn't show improved efficacy compared with another treatment using aspirin.

The Navigate Esus study was testing Xarelto for the secondary prevention of strokes and systemic embolism in patients who recently had an embolic stroke of undetermined source.

Researchers stopped the trial early because the Xarelto and aspirin arms of the study showed comparable efficacy, and there was little chance of an overall benefit if it were completed, the German pharmaceutical and chemicals company said.

"While bleeding rates were low overall, an increase in bleeding was observed in the [Xarelto] arm compared to the low-dose aspirin arm," Bayer said.

Xarelto, also known as rivaroxaban, is a prescription anticoagulant which been approved for seven indications. The drug contributed just over 2.9 billion euros ($3.4 billion) in sales to Bayer's pharmaceutical division last year.

The drug was developed jointly by Bayer and Janssen Pharmaceuticals, a unit of Johnson & Johnson (>> Johnson & Johnson). It is marketed outside the U.S. by Bayer and within the U.S. by Janssen.

Write to Sarah Sloat at [email protected]

Stocks mentioned in the article : Bayer, Johnson & Johnson
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Financials (€)
Sales 2017 47 846 M
EBIT 2017 9 231 M
Net income 2017 5 397 M
Debt 2017 12 235 M
Yield 2017 2,35%
P/E ratio 2017 19,41
P/E ratio 2018 17,59
EV / Sales 2017 2,29x
EV / Sales 2018 2,19x
Capitalization 97 538 M
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Number of Analysts 26
Average target price 121 €
Spread / Average Target 2,6%
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Managers
NameTitle
Werner Baumann Chairman-Management Board
Werner Wenning Chairman-Supervisory Board
Johannes M. Dietsch Chief Financial Officer
Katharina Jansen Head-Science & Research
Hartmut Klusik Head-Human Resources, Technology & Sustainability
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