Bill Anderson is knows pharma, and is American. That makes him just the man for a company that is betting big on its pharma business across the Atlantic
Mr Anderson will need to get up to speed with three challenges facing Bayer. He must deal with the legacy of Mr Baumann’s ill-fated $63bn takeover in 2018 of Monsanto, an American crop-chemicals firm. Then there are Bayer’s transatlantic ambitions. By the end of the decade it wants to double its drugs sales in America, the world’s biggest market—and launch new treatments to replace blockbusters like Xarelto, a blood-thinner whose patent protection expires this year.
The Monsanto experience has not put Bayer off the American market. The firm has 30,000 staff at 150 sites in America, making it one of the country’s biggest life-science firms, says Patrick Lockwood-Taylor, head of Bayer’s American business. Its three American units made up 40% of the company’s revenue last year. To reach the ambitious goal of doubling its $5bn North American drug business Bayer is planning to beef up staff in marketing and distribution from 1,000 to 3,000 by 2030.
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