Merial, the animal health
division of Sanofi, has announced that Sanofi has entered into a binding
agreement to acquire the animal health division of Indian company Dosch
Pharmaceuticals Private Limited, creating a market entry for Merial in that
country’s growing animal health sector.
The animal health division being
acquired by Merial has more than 86 products under 50 brands for
ruminants, poultry and companion animals. Products include animal health
therapeutics and nutritional feed supplements. “The acquisition of Dosch’s
animal health division will be a significant milestone for Merial and give us a
strategic platform for our development in the Indian market,” said Jose Barella,
CEO of Merial. “We are convinced that the combination of Dosch’s animal health
brands and distribution strength, along with the robust new product pipelines
from both Merial and Dosch, will strongly position Merial to become rapidly a
major animal health player in India.”
The agreement is subject to regulatory approval and is expected to finalize
sometime in the first half of 2013. Financial details were not disclosed.
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