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Management Report
Management Report
Subsequent Events
In April 2007 the Japanese Ministry of Health, Labor and Welfare (MHLW) approved the novel cholesterol-lowering agent ZETIA® (ezetimibe). ZETIA® will be co-marketed by Bayer Yakuhin Ltd. and Schering-Plough K.K. Japan. The drug is approved for use either as mono-therapy or co-administered with a statin, for further reduction of LDL (“bad”) cholesterol.
 
The co-marketing agreement regarding ZETIA® in Japan is part of Bayer’s strategic ­pharmaceuticals alliance with Schering-Plough, which was announced in 2004. Bayer’s primary care pharmaceutical products, such as the antibiotics Avelox® and Cipro®, the cardiovascular product Adalat® and also Levitra® are today marketed and distributed by Schering-Plough in the United States and Puerto Rico.
 
Please note that Bayer Schering Pharma AG, Germany* is not legally related to Schering-Plough ­Corporation, New Jersey, United States. The two companies have been totally independent of each other for many years.
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