Wednesday, May 9, 2012

Germany's Bayer considers diabetes device unit sale: report

Germany's Bayer considers diabetes device unit sale: report

The logo of Germany's largest drugmaker Bayer HealthCare Pharmaceuticals is pictured on the front of its building in BerlinFRANKFURT (Reuters) - Germany's largest drugmaker Bayer is considering the sale of its blood glucose meters business, a German newspaper reported. Bayer has held talks with prospective buyers of its Diabetes Care unit, which has annual sales of about 1 billion euros ($1.3 billion), Financial Times Deutschland said in its Wednesday edition, citing sources close to the possible suitors and in the financial industry. The paper said that Bayer declined to comment. ($1 = 0.7695 euros) (Reporting by Ludwig Burger; Editing by Ed Lane)



Source: news.yahoo.com

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