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Eli Lilly Announces Purchase of Novartis Animal Health

2014-04-23 15:32:11| Beef

Eli Lilly and Company on Tuesday announced an agreement to acquire Novartis Animal Health for approximately $5.4 billion in a transaction that the company says will strengthen and diversify its animal health business, Elanco. Upon completion of the acquisition, Elanco will be the second-largest animal health company in terms of global revenue, will solidify its number two ranking in the U.S., and improve its position in Europe and the rest of the world, a Lilly statement said. read more

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