TITLE

Bayer raises forecast, says Schering boosting profit

PUB. DATE
July 2007
SOURCE
Chemical Business;Jul2007, Vol. 21 Issue 7, p95
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a profit forecast raised by Bayer AG from 2008 to 2010 after finding ways to obtain more administrative and research cost savings from the acquisition of Schering AG. It says that Bayer has increased its estimation for its profit margin by more than 20 percent in 2007. It states that the higher profit margin is due to the decision of Bayer to cut its research spending.
ACCESSION #
26134005

 

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