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
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
Follow RTT