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Bayer profits fall on price-collusion deal

...Sales of Trasylol, a drug used during cardiac surgery to stem bleeding, rose by 34.5 per cent to 230 million euros ($276.5 million) in 2005.

Wenning said Bayer wants to widen its health-care unit and would consider making acquisitions to expand its over-the-counter drug lineup — providing that targets fit Bayer's business plan.

Wenning made the remark at a news conference when asked whether Bayer would bid for Pfizer's over-the-counter division, if it were put up for sale.

Pfizer said last month it might sell or spin off the unit.

Bayer's crop science division had a slight decline in sales of less than one per cent to 5.89 billion euros ($7.07 billion) while its MaterialScience unit, which produces and sells plastics, reported growth of 24.4 per cent to 10.69 billion euros ($12.8 billion) in 2005.

Shares of Bayer were down nearly 3.8 per cent to 32.52 euros ($39.08) in Frankfurt trading.Get great home delivery subscription deals here!

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