BERLIN—Shares in Bayer AG rose 2.5 percent in pre-market trade on Wednesday after the German agricultural and pharmaceuticals firm won its first trial over claims its Roundup weedkiller causes cancer. A California jury found that the herbicide was not a substantial cause of a child’s rare form of non-Hodgkin’s lymphoma, the company said on Tuesday….
Bayer Recalls Some Lots of Lotrimin, Tinactin Antifungal Sprays
Bayer said on Friday it was recalling some lots of Lotrimin AF and Tinactin antifungal spray products, due to the presence of benzene in some samples. The company said it decided to voluntarily recall the nine products as a precautionary measure and the Food and Drug Administration was aware of the development. Benzene is classified…
Bayer to Book Extra $4.5 Billion Provision for Roundup Litigation
FRANKFURT—Bayer said on Thursday it would book an additional provision of $4.5 billion related to litigation which alleges that its weedkiller Roundup can cause cancer. Bayer made the announcement in an update to investors on how it plans to deal with Roundup-related lawsuits that have dogged the company since it acquired the brand as part…
US Judge Rejects Bayer’s $2 Billion Deal to Resolve Future Roundup Lawsuits as ‘Unreasonable’
A U.S. judge rejected Bayer’s $2 billion class action proposal to resolve future lawsuits alleging its Roundup weedkiller causes cancer, saying in a Wednesday order that parts of the plan were “clearly unreasonable.” U.S. District Court Judge Vince Chhabria in San Francisco said the proposal “would accomplish a lot for Monsanto,” which Bayer acquired for…
Bayer Won’t Appeal Roundup Cancer Verdict to Supreme Court
Chemicals giant Bayer AG won’t appeal a $20.5 million jury verdict against it over Roundup, a weedkiller containing glyphosate whose use a California school groundskeeper said gave him cancer. Dewayne Anthony Lee Johnson, who worked for the Benicia Unified School District, sued Monsanto Co., claiming he developed non-Hodgkin lymphoma after being soaked in Roundup, which…
Bayer Reaches $2 Billion Deal Over Future Roundup Cancer Claims
Bayer AG struck a $2 billion deal to resolve future legal claims that its widely used weedkiller Roundup causes cancer, the German company said on Wednesday. Bayer has been struggling to finalize the settlement of claims that Roundup and other glyphosate-based herbicides cause non-Hodgkin’s lymphoma, a type of cancer. Bayer inherited the business and the…
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