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Latest Financial News for BAYZF

[$$] Bayer Faces New Setback for Roundup Weedkiller in France
Posted on Tuesday January 15, 2019

BERLIN—Bayer AG’s fight to prove its recently-acquired weedkillers are safe faced a setback in Europe Tuesday as a French court revoked approval for one of its glyphosate-based products because it might cause cancer. The ruling effectively bans Bayer from selling the weedkiller in France. While the product is a small seller there, the court action could also give ammunition to plaintiffs who are suing the chemicals and pharmaceuticals company in the U.S. over Roundup and Ranger Pro weedkillers, which it inherited as part of its $63 billion takeover of Monsanto Co. last year.

French court cancels Monsanto weedkiller permit on safety grounds
Posted on Tuesday January 15, 2019

A French court cancelled the licence for one of Monsanto's glyphosate-based weedkillers on Tuesday over safety concerns, placing an immediate ban on Roundup Pro 360 in the latest legal blow to the Bayer-owned business. Germany's Bayer (BAYGn.DE), which bought Monsanto for $63 billion last year, faces thousands of U.S. lawsuits by people who say its Roundup and Ranger Pro products caused their cancer. A court in Lyon in southeast France ruled that the approval granted by French environment agency ANSES in 2017 for Roundup Pro 360 had failed to take into account potential health risks.

After Monsanto patent ruling, Indian farmers hope for next-gen GM seeds
Posted on Friday January 11, 2019

MUMBAI/NEW DELHI (Reuters) - Monsanto's victory this week in a patent case in India regarding genetically modified (GM) cotton seeds has raised hopes among farmers that the company will now launch its next-generation seeds. India approved Monsanto's GM cotton seed trait in 2002 and an upgraded variety in 2006, helping transform the country into the world's top producer and second-largest exporter of the fiber. Monsanto has said local seed companies have illegally attempted to "incorporate unauthorized and unapproved herbicide-tolerant technologies into their seeds".

Monsanto patent victory seen as a boost for biotech investment in India
Posted on Wednesday January 09, 2019

NEW DELHI/MUMBAI (Reuters) - India's Supreme Court ruled on Tuesday that Monsanto can claim patents on its genetically modified (GM) cotton seeds, a victory for the U.S. company that is expected to encourage biotechnology firms to step up investment in the country. The decision on appeal overturns an earlier ruling by the Delhi High Court that Monsanto - the world's biggest seed maker, which has been bought by Germany's Bayer AG - could not claim patents on GM cotton seeds.

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