.

Conceptus Acquired by Bayer for $1.1 Billion

Mountain View-based birth control maker now under German ownership.

Screenshot of Conceptus courtesy of Google Maps Street View.
Screenshot of Conceptus courtesy of Google Maps Street View.
German pharmaceutical Bayer AG announced the purchase of birth control maker Conceptus for $1.1 billion on Wednesday.

Bayer received the approval of the Federal Trade Commission, which cleared the way to complete the transaction, according to Daily Finance.

Mountain View-based Conceptus, the maker of Essure—an irreversible birth control plastic and metal coil implant completed by a physician within 10 minutes—would enhance Bayer's birth control offerings, the Associated Press reported.

On August 29th, Bayer announced its original intention to acquire Conceptus and the president of Bayer HealthCare Pharmaceuticals Andreas Fibig said "Essure completes Bayer's portfolio of long-acting intrauterine systems and short-acting oral contraceptives." 

Conceptus, Inc. generated net sales of US$141 million for its fiscal year 2012. The company employs approximately 300 people at it's 331 E. Evelyn Ave. location.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something