je.st
news
Merck completes sale of consumer unit to Bayer
2014-10-01 22:56:52| Biotech - Topix.net
Drugmaker Merck said Wednesday that it completed the sale of its consumer care business, which makes products including Claritin allergy medication and Coppertone sun-care line, to German health care company Bayer for $14.2 billion. Bayer AG agreed to buy the business in May. Merck, of Whitehouse Station, New Jersey, said it expects about $9 billion in proceeds after taxes.
Tags: sale
unit
consumer
bayer
Category:Biotechnology and Pharmaceuticals