![]() The term aspirin continued to be used in the US, UK and France for all brands of the drug, but it is still a registered trademark of Bayer in over 80 countries, including Canada, Mexico, Germany and Switzerland. By 1899, Bayer's trademark Aspirin was registered worldwide for Bayer's brand of acetylsalicylic acid, but it lost its trademark status in the United States, France and the United Kingdom after the confiscation of Bayer's US assets and trademarks during World War I by the United States, and because of the subsequent widespread usage of the word. Bayer played a key role in the Wirtschaftswunder in post-war West Germany, quickly regaining its position as one of the world's largest chemical and pharmaceutical corporations.īayer's first major product was acetylsalicylic acid-first described by French chemist Charles Frederic Gerhardt in 1853 -a modification of salicylic acid or salicin, a folk remedy found in the bark of the willow plant. In 1951 IG Farben was split into its constituent companies, and Bayer was reincorporated as Farbenfabriken Bayer AG. Following World War II, the Allied Control Council seized IG Farben's assets because of its role in the Nazi war effort and involvement in the Holocaust including using slave labour from concentration camps and humans for dangerous medical testing, and production of Zyklon B, a chemical used in gas chambers. In 1925 Bayer merged with five other German companies to form IG Farben, creating the world's largest chemical and pharmaceutical company. ![]() Other commonly known products initially commercialized by Bayer include heroin, phenobarbitol, polyurethanes, and polycarbonates. In 1904 Bayer received a trademark for the "Bayer Cross" logo, which was subsequently stamped onto each aspirin tablet, creating an iconic product that is still sold by Bayer. The versatility of aniline chemistry led Bayer to expand their business into other areas, and in 1899 Bayer launched the compound acetylsalicylic acid under the trademarked name Aspirin. As was common in this era, the company was established as a dyestuffs producer. īayer was founded in 1863 in Barmen as a partnership between dye salesman Friedrich Bayer and dyer Friedrich Weskott. The company is a component of the Euro Stoxx 50 stock market index. Headquartered in Leverkusen, Bayer's areas of business include pharmaceuticals consumer healthcare products, agricultural chemicals, seeds and biotechnology products. ər/, commonly pronounced / ˈ b eɪ ər/ German: ) is a German multinational pharmaceutical and biotechnology company and one of the largest pharmaceutical companies in the world. ![]()
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