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Bayer Schering Pharma to Set Up R&D Center in China

7:41 AM MST | March 2, 2009 | DEEPTI RAMESH

Bayer Schering Pharma, a Bayer subsidiary, says it will invest €100 million during the next five years to establish a global R&D center at Beijing. China will be the third country to host such a center for the subsidiary; the others are Germany and the U.S. Fibig: Increasing presence in Asia/Pacific. “We are continuously increasing our presence in the Asia/Pacific region where China is our key growth driver,” says Andreas Fibig, chairman of Bayer Schering Pharma’s board of management. “Beijing will be an important site for...

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