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

BAYER (BAYN)
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Bayer : foundations bring tech pioneers, physicians and social entrepreneurs to the World Health Summit

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10/13/2017 | 10:05am CET

Leverkusen, October 13, 2017- The World Health Summit will be held on October 15-17, 2017, in Berlin under the patronage of German Chancellor Angela Merkel, French President Emmanuel Macron and European Commission President Jean-Claude Juncker. Key topics this year are health policy in the G7/G20, new vaccine research and development, digitalization and big data, health security, urban health, and Africa and the United Nations' sustainability goals. This year's speakers include seven government ministers from six countries, two Nobel laureates, and CEOs of businesses and NGOs - including Werner Baumann, Chairman of the Board of Management of Bayer AG.

The Bayer foundations have been supporting the World Heath Summit since 2014 with financial sponsorship in the form of participant stipends in the Young Physician Leaders (YPL) Program and with subject-matter expertise in dialog events. YPL alumnus Dr. Kalana Maduwage's project is a particularly impressive success story. The physician, scientist, social entrepreneur and snake expert from Sri Lanka took part in the summit last year as a Bayer stipend recipient and garnered enthusiasm with a unique innovation. In his home country alone, around 80,000 farmers are bitten by snakes in their fields every year. The doctors there face a real dilemma: there is never enough antivenom available to treat all of the patients, but anyone receiving treatment too late has little chance of a successful recovery. Maduwage recognized this dilemma from his own work as a physician and is currently working on developing a fast enzyme-based test to determine the actual concentration of snake venom in a patient's blood. In the future, doctors will be able to administer the limited medication in a targeted way and save many patients.

The Bayer Cares Foundation has nominated the project for the 2017 Aspirin Social Innovation Award and will present it, along with other groundbreaking ideas, as part of 'The Beauty of Impact' panel at the World Health Summit 2017. The Bayer foundations' lineup will include the social entrepreneur and founder of Discovering Hands, Dr. Frank Hoffmann, who is training blind women to perform breast examinations, as well as Martin Aufmuth, the founder of OneDollarGlasses, a charitable company that produces spectacles for one dollar, with the goal of enabling everyone all over the world to purchase spectacles when needed.

The entire World Health Summit is open to the media: www.worldhealthsummit.org/media/accreditation

Find more information at: www.bayer-foundations.com

Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Bayer AG published this content on 13 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 October 2017 08:04:09 UTC.

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Financials (€)
Sales 2017 35 698 M
EBIT 2017 7 647 M
Net income 2017 6 050 M
Debt 2017 8 890 M
Yield 2017 2,51%
P/E ratio 2017 13,79
P/E ratio 2018 18,04
EV / Sales 2017 2,67x
EV / Sales 2018 2,43x
Capitalization 86 581 M
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Number of Analysts 27
Average target price 121 €
Spread / Average Target 15%
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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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