logo
Plus   Neg
Share
Email

Elanco Animal Health Gets EU Approval For Acquisition Of Bayer AG's Animal Health Business

Elanco Animal Health Inc. (ELAN) Monday announced that the European Commission has approved its pending acquisition of Bayer AG's animal health business.

The company expects to close the deal by August 3, 2020.

"Approval from the European Commission is an important milestone toward the completion of our acquisition of Bayer Animal Health," said Jeff Simmons, president and CEO of Elanco.

Elanco previously announced divestiture agreements in the range of $120 million to $140 million of revenue to help advance the needed regulatory reviews

The worldwide rights for Osurnia, a treatment for otitis externa in dogs, will be sold to Dechra Pharmaceuticals, the worldwide rights for Vecoxan, used for prevention and treatment of coccidiosis in calves and lambs will be sold to Merck Animal Health and European Economic Area and UK rights to the Drontal and Profender product families and related pipeline assets from Bayer Animal Health will be sold to Vetoquinol SA, the European Commission said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets. GHSW, LLC. is recalling Trader Joe's Southwest Style Sweet Potato Sauté Bowl citing undeclared milk and egg allergens in the dressing, according to the Food and Drug Administration. The recall was initiated after it was discovered that the dressing in the bowl contains milk and egg, but are not declared on the label. California Gov. Gavin Newsom signed an executive order on Wednesday that bans the sale of new gasoline-powered vehicles in the state by 2035. With this, California plans to phase out the sale of all gasoline-powered vehicles and to drastically reduce demand for fossil fuel in its fight against climate change. The order directs the California Air Resources Board to develop a plan.
Follow RTT