• Most Popular
  • Most Shared

Bayer gets stiffed by potency pill heist

Mon Jul 6, 2009 8:11am EDT

FRANKFURT, July 6 (Reuters) - A gang of four looted 4.9 million euros ($6.9 million) worth of potency pills in a burglary at Bayer AG's BAYG.DE headquarters, the company said on Monday.

Five weeks after burglars stole two barrels filled with 320,000 of Bayer's Levitra pills, Bayer said it had put up a reward of 20,000 euros for information leading either to the perpetrators being caught or the retrieval of more than half the swag.

The thieves cut through a wire fence and smashed a window in a building where the pills were stored before escaping unrecognised, German police said.

Bayer, whose products range from Aspirin painkillers to Yasmin birth control pills, says on its Levitra website that the pill may help men fight erectile dysfunction when other oral treatments do not work.

The stolen amount is equivalent to about five days of production for the global market. (Reporting by Ludwig Burger; Editing by David Holmes)



More from Reuters

Ex-wife sues SAC's Cohen, alleges insider trading

NEW YORK/BOSTON (Reuters) - Hedge fund magnate Steven A. Cohen was accused by his former wife on Wednesday of hiding millions of dollars from her and of engaging in insider trading in a high-profile merger in the 1980s.

An an exit sign is pictured in New York City October 14, 2006.  REUTERS/Lucas Jackson
Interview:

No stimulus exit in sight

The man who predicted the fallout from the property bubble says it's still too early to talk about exiting easy money policies. In fact, more stimulus is on the way.  Full Article 

  The tail section of the turboprop MQ-9 Predator B drone is seen on the tarmac at Fort Huachuca, Arizona, December 5, 2006.

Just don't say the D-word

In the high-testosterone world of military jets, the words "drone" and "unmanned aerial vehicle" don't fly. Now there's a new term in town.  Full Article