Pfizer acquires animal health products..fyi( BW)(PFIZER-7)(PFE) Pfizer Animal Health Enters into Agreement to
Acquire Animal Health Products from Schering-Plough
Business Editors
PARIS--(BUSINESS WIRE)--April 23, 2008--Pfizer Animal Health today
announced that it has entered into an agreement to acquire multiple
product franchises from Schering-Plough Corporation covering all major
animal health species including cattle, swine, equine, and companion
animal.
Specifically, Pfizer Animal Health will acquire from
Schering-Plough a number of animal health products for sale in the
European Economic Area covering the following categories:
-- Swine E. coli Vaccines
-- Equine Influenza and Tetanus Vaccines
-- Ruminant Neonatal and Clostridia Vaccines
-- Rabies Vaccines
-- Companion Animal Veterinary Specialty Products
-- Parasiticides & Anti-inflammatories
The acquisition is subject to certain closing conditions,
including antitrust approval. Terms of the agreement were not
disclosed.
Pfizer Animal Health's Europe President, Albert Bourla, said that
the acquisition will enable Pfizer Animal Health Europe to build upon
its comprehensive animal health solutions for veterinarians and their
clients - farmers and pet owners - in Europe. Bourla added, "We look
forward to offering veterinarians additional preventative therapies
and treatments along with our technical expertise and services to
ensure that animals receive the best care possible."