Bayer opens research center in Boston for USD 140 million | news

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FRANKFURT (Dow Jones)–Bayer is opening another research and innovation center in the United States. As the DAX group announced, the total investment for the center amounts to 140 million US dollars. The aim is to advance the development of novel, targeted cancer therapies there.

The 5,700 square meter building on Kendall Square in Boston-Cambridge houses a precision molecular oncology research center. It will have a newly established research team that will use chemical-biological technologies in a targeted manner to advance Bayer’s development processes for oncological drugs. The center offers space for 100 employees on two floors. Bayer plans to add 50 more jobs in the coming months.

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(END) Dow Jones Newswires

June 29, 2022 08:00 ET (12:00 GMT)

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