Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Bayer US head says FDA chief reassured pharma executives of timely reviews
    Headlines

    Bayer US head says FDA chief reassured pharma executives of timely reviews

    Bayer US head says FDA chief reassured pharma executives of timely reviews

    Published by Global Banking and Finance Review

    Posted on May 15, 2025

    Featured image for article about Headlines

    By Bhanvi Satija and Michael Erman

    NEW YORK (Reuters) -Bayer Pharmaceuticals' chief operating officer said the head of the top U.S. drug regulator recently reassured industry executives that the Food and Drug Administration would meet its targets for reviews despite recent job cuts and a restructuring.

    "We're looking at an FDA and scientific review staff that is stable, engaged and meeting its deadlines," Sebastian Guth, who oversees Bayer's U.S. operations, said in an interview.

    Guth said that after a recent meeting between FDA Commissioner Marty Makary and industry executives, he was confident that the leadership wanted to maintain the agency's standards. Makary said last month the FDA will meet its targets for completing reviews of new drugs despite mass firings under the Trump administration.

    Reuters had reported in early April that firings at the FDA included employees critical to reviewing new medicines.

    "I heard an FDA commissioner who notes and acknowledged that the industry requires a stable and predictable regulatory environment," said Guth, adding that Makary underlined his intent to use technology to support FDA's work.

    The FDA is expected to decide whether to expand approval for Bayer's kidney disease drug Kerendia to patients with heart disease this year.

    Guth said Bayer's interactions with the FDA, predominantly its Center for Drug Evaluation and Research, had followed tight protocol and the agency had met its deadlines for experimental drugs under review.

    "We've seen the FDA responding within the timelines that are to be expected," he said.

    Bayer's experimental drug, elinzanetant, for treating menopause symptoms, is also under review.

    Guth said Bayer's first-quarter sales growth in the U.S., a key market, exceeded the 23% rise for North America reported earlier this week. Bayer does not break out sales by country.

    The U.S. accounted for a "significant chunk" of its sales of new prostate cancer drug Nubeqa and kidney treatment Kerendia, he said. On Tuesday, the company reported a combined 680 million euros ($760.51 million) in revenues from both drugs.

    ($1 = 0.8941 euros)

    (Reporting by Bhanvi Satija and Michael Erman in New York; Editing by Richard Chang)

    Related Posts
    UK's Prince William and son George volunteer at homelessness charity
    UK's Prince William and son George volunteer at homelessness charity
    Exclusive-US seizes vessel off Venezuelan coast, officials say
    Exclusive-US seizes vessel off Venezuelan coast, officials say
    US offers new talks format including Russia and Ukraine, Zelenskiy says
    US offers new talks format including Russia and Ukraine, Zelenskiy says
    Escalating Russian airstrikes aim to cut Ukraine off from sea, Zelenskiy says
    Escalating Russian airstrikes aim to cut Ukraine off from sea, Zelenskiy says
    Stellantis CEO says investments at risk in Europe after EU auto package
    Stellantis CEO says investments at risk in Europe after EU auto package
    French presidential silverware keeper faces trial over suspected porcelain theft
    French presidential silverware keeper faces trial over suspected porcelain theft
    Ukraine and Portugal agree on co-production of Ukrainian sea drones
    Ukraine and Portugal agree on co-production of Ukrainian sea drones
    Italian police arrest 384, seize 1.4 tonnes of drugs in nationwide crackdown
    Italian police arrest 384, seize 1.4 tonnes of drugs in nationwide crackdown
    How Brazil's deadliest police raid turned into a bloodbath
    How Brazil's deadliest police raid turned into a bloodbath
    Bangladesh holds state funeral for slain youth leader amid tight security
    Bangladesh holds state funeral for slain youth leader amid tight security
    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea
    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea
    US, Russian officials to meet in Florida for more Ukraine talks
    US, Russian officials to meet in Florida for more Ukraine talks

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    US hits ISIS in Syria with large retaliatory strikes, officials say

    US hits ISIS in Syria with large retaliatory strikes, officials say

    Australia PM says Jewish community 'completely unbreakable' after Bondi attack

    Australia PM says Jewish community 'completely unbreakable' after Bondi attack

    Russia's Dmitriev heading for US to meet Witkoff, Kushner, source says

    Russia's Dmitriev heading for US to meet Witkoff, Kushner, source says

    IMF welcomes EU's 90 billion euro loan to Ukraine, more work to be done

    IMF welcomes EU's 90 billion euro loan to Ukraine, more work to be done

    Israeli attack on school shelter in Gaza City kills 5 Palestinians, hospital chief says

    Israeli attack on school shelter in Gaza City kills 5 Palestinians, hospital chief says

    Russian missiles attack port near Ukraine's Odesa, kill seven, officials say

    Russian missiles attack port near Ukraine's Odesa, kill seven, officials say

    Rubio says new governance bodies for Gaza will be in place soon, followed by international force

    Rubio says new governance bodies for Gaza will be in place soon, followed by international force

    Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion

    Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion

    US intelligence indicates Putin's war aims in Ukraine are unchanged

    US intelligence indicates Putin's war aims in Ukraine are unchanged

    Bondi attack suspects kept to themselves during Philippines stay, hotel staffer recalls

    Bondi attack suspects kept to themselves during Philippines stay, hotel staffer recalls

    UK children's author David Walliams dropped by publisher after harassment allegations

    UK children's author David Walliams dropped by publisher after harassment allegations

    Germany removes dividend ban for Uniper, paving way for IPO

    Germany removes dividend ban for Uniper, paving way for IPO

    View All Headlines Posts
    Previous Headlines PostIsraeli army kills five Palestinian militants in West Bank after pregnant settler killed
    Next Headlines PostSoccer-Barcelona claim 28th LaLiga title after 2-0 win at Espanyol