Site icon pharmaceutical daily

Bayer to invest over €400 million to increase access to modern contraception

Bayer announced to invest over €400 million, reinforcing its commitment to providing 100 million women and girls with access to family planning by 2030, especially in low- and middle-income countries (LMICs). This investment will include the expansion of production capabilities in Turku, Finland and the construction of a new production site in Alajuela, Costa Rica, the company said.

“In partnership with international organizations, such as the United Nations Population Fund and the United States Agency for International Development, we strive to make modern contraception more accessible to women worldwide. This exemplifies our continued firm commitment to inclusive growth and making sustainability an integral part of our business strategy,” said Stefan Oelrich, Member of the Board of Management, Bayer AG, and President of Bayer’s Pharmaceuticals Division.

“The United Nations Population Fund and the United States Agency for International Development have recently added one of Bayer’s hormonal IUS to their respective product catalogues, which is another big step forward in providing women and families in LMICs with more contraceptive options,” said Matthias Berninger, Senior Vice President Public Affairs, Science and Sustainability, Bayer AG. “By giving women the chance to determine their own future, access to family planning enables them to raise healthier families and to make an even greater economic contribution.”

In Costa Rica, Bayer will build production facility, specialized in the production and supply of LARCs. The new production plant at Coyol Industrial Park, Alajuela, Costa Rica, is expected to start the supply of long-acting reversible contraceptives to LMICs by 2024, Bayer stated in its press release.

Also, the company will invest substantially in building a new facility and expanding its production capabilities in Turku, Finland, as announced earlier this year. Upon completion by 2025, the new production facility will boast the latest technology, leveraging automation and robotics to produce long-acting reversible contraceptives.

Both sites will produce hormonal implants and hormonal intrauterine systems (IUS), supporting Bayer to achieve its global sustainability goal of providing 100 million women and girls in LMICs with access to family planning by 2030. The investment will also support Bayer, a leader in women’s healthcare with an innovative and successful IUS product portfolio, in strengthening its commercial supply chain.

Exit mobile version