Bayer AG is confident its appeals of recent court rulings that its glyphosate we...
FILE PHOTO: The logo of Bayer AG is pictured at the facade of the historic headquarters of the German pharmaceutical and chemical maker in Leverkusen, Germany, May 14, 2019. REUTERS/Wolfgang Rattay/File Photo
Liam Condon, president of Bayer’s crop science division, said the appeals of jury rulings against the chemical will be heard by judges, a factor he sees as favorable to Bayer’s chances. It was the third consecutive U.S. jury verdict against the company over the widely-used weed killer, which Bayer acquired as part of its $63 billion purchase of Monsanto last year.
Shares of Germany-based Bayer have fallen about 38 percent since the first adverse U.S. judgment on Roundup last August, leaving the company with a market value smaller than the price it paid for Monsanto.
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