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Article: Schering-Plough closes sale of animal health products to Pfizer.
- Article from:
- Pharma Marketletter
- Article date:
- September 22, 2008
CopyrightCOPYRIGHT 2008 Marketletter Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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US drug major Schering-Plough says it has successfully closed its previously-announced transaction with Pfizer Animal Health, to divest certain animal health products from selected franchises in the European Economic Area to the global pharmaceutical giant. These divestments were requested by the European Commission as part of its October 2007 clearance of the acquisition of Organon BioSciences (Marketletters passim). Pfizer has acquired these assets for around 116.0 million euros ($85.3 million) in cash.
With this announcement, S-P has now completed all ...