Features | Partner Sites | Information | LinkXpress
Sign In
JIB
BioConferenceLive
GLOBETECH PUBLISHING

Bayer Acquires Herbal Medicine Maker Steigerwald

By BiotechDaily International staff writers
Posted on 27 May 2013
Pharmaceutical giant Bayer AG (Leverkusen, Germany) has agreed to buy privately held Steigerwald Arzneimittelwerk (Darmstadt, Germany), a maker of herbal treatments.

The acquisition is seen as a strategic move by Bayer to strengthen its consumer care business. Steigerwald’s product portfolio includes Iberogast for the treatment of functional gastrointestinal disorders and Laif for the treatment of mild to moderate depression, among others. Financial details of the transaction were not disclosed, but Bayer has made known that Steigerwald had generated sales of 61.3 million Euros in 2012. The transaction is subject to fulfillment of the usual conditions, including antitrust clearance, and is expected to close at the beginning of July 2013.

“This transaction is further evidence of our commitment to augment organic growth with strategic bolt-on acquisitions. It will allow us to provide consumers with an even broader range of self-care options,” said Marijn Dekkers, CEO of Bayer AG. “This acquisition broadens our product offering for the treatment of gastrointestinal disorders and gives us the opportunity to enhance our presence in Germany, the fast-growing regions of East-Central Europe, and the CIS countries.”

“As a family-owned business, we take great pride in what we have achieved in nurturing and developing our brands,” said Klaus Möller, one of Steigerwald’s shareholders. “We believe that Bayer, with its extensive marketing, sales, distribution, and research expertise, is well positioned to take our success to the next level.”

Iberogast is a proprietary liquid blend of nine herbs, including bitter candytuft, angelica root, milk thistle fruit, celandine herb, caraway fruit, liquorice root, peppermint herb, balm leaf, and chamomile flower. It is named after the genus (Iberis) of one of its ingredients, it is also claimed to possess anti-inflammatory, antioxidative, and free radical-inhibiting properties as well as reducing gastric acid secretion.

Laif is based on St John's wort, widely known as an herbal treatment for depression, probably due to its inhibition of reuptake of neurotransmitters such as serotonin (5 HT), similar to conventional selective serotonin reuptake inhibitor (SSRI) antidepressant drugs. The major active antidepressive constituents in St John's wort are thought to be hyperforin and hypericin, although other biologically active constituents present, for example, flavonoids and tannins, may also be involved.

Related Links:

Bayer AG
Steigerwald Arzneimittelwerk



comments powered by Disqus

Channels

Genomics/Proteomics

view channel
Image: Microcomputed tomography images (top) and histology images (bottom) of the knees of mice fed a very high fat diet containing omega-3 fatty acid supplement (left) or only omega-6 fatty acids (right) after a knee injury. The omega-6 diet showed abnormal bone remodeling and calcified tissue formation in the joint (white arrow). The omega-6 diet also showed significant loss of cartilage (red staining, yellow arrowhead) and increased joint inflammation (Photo courtesy of Duke University).

Dietary Omega-3 Fatty Acids Moderate Severity of Osteoarthritis in a Mouse Model

Researchers working with an osteoarthritis (OA) obese mouse model found that the fat content of the animals' diet contributed more to the development or arrest of OA than did body weight.... Read more

Drug Discovery

view channel
Image: Molecular rendering of the crystal structure of parkin (Photo courtesy of Wikimedia Commons).

Cinnamon Feeding Blocks Development of Parkinson's Disease in Mouse Model

A team of neurological researchers has identified a molecular mechanism by which cinnamon acts to protect neurons from damage caused by Parkinson's disease (PD) in a mouse model of the syndrome.... Read more

Therapeutics

view channel

Vaccine Being Developed for Heart Disease Close to Reality

The world’s first vaccine for heart disease is becoming a possibility with researchers demonstrating significant arterial plaque reduction in concept testing in mice. Klaus Ley, MD, from the La Jolla Institute for Allergy and Immunology (LA Jolla, CA, USA), and a vascular immunology specialist, is leading the vaccine... Read more
 
Copyright © 2000-2014 Globetech Media. All rights reserved.