By Kim Richters

Bayer AG (BAYN.XE) said Wednesday that it will invest around 100 million euros ($109.5 million) in its sites in the German capital Berlin.

The pharmaceutical and chemical giant said that it will invest in innovative technologies and build a sterile production site at its sites in Berlin.

The investment will be used to "expand capacities for technological development, clinical care and market introduction of new products," it said.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

September 04, 2019 06:02 ET (10:02 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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