Bayer to buy US firm Conceptus for $1.1 bln | Bangkok Post: news

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Bayer to buy US firm Conceptus for $1.1 bln

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German chemicals and pharmaceuticals giant Bayer said Monday it has agreed to buy US women's healthcare specialist Conceptus for $1.1 billion (852 million euros). 

German chemicals and pharmaceuticals giant Bayer has agreed to buy US women's healthcare specialist Conceptus for $1.1 billion (852 million euros).

"Bayer intends to broaden its portfolio in the field of contraception. Bayer HealthCare LLC has therefore signed a merger agreement with Conceptus, Inc.," Bayer said in a statement.

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