Left Menu
Development News Edition

Elanco to buy Bayer's animal health unit for $7.6 billion

Reuters | London | Updated: 20-08-2019 15:52 IST | Created: 20-08-2019 15:18 IST
Elanco to buy Bayer's animal health unit for $7.6 billion

Elanco Animal Health Inc said on Tuesday it would buy Bayer AG's animal health unit in a cash and stock deal valued at $7.6 billion, a move that would create the second-largest animal health business and expand Elanco's reach in the pet e-commerce space.

The animal health market has seen Pfizer Inc and Eli Lilly and Co, successfully floating their veterinary medicine units on the stock market as independent entities. The deal is expected to be closed by mid-2020, Elanco said.


TRENDING

OPINION / BLOG / INTERVIEW

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...

Videos

Latest News

Two stabbed near Charlie Hebdo's old offices, France opens anti-terror probe

France opened an anti-terror investigation after two journalists were stabbed in Paris on Friday near the former offices of the Charlie Hebdo satirical magazine that was attacked by Islamist militants in 2015.Prime Minister Jean Castex, who...

Over 2,000 African migrants return from Yemen assisted by IOM in Djibouti

More than 2,000 African migrants who have arrived from Yemen over the last three weeks are being assisted by the International Organization for Migration IOM, in Djibouti, Horn of Africa.The migrants, from Ethiopia, Somalia and Eritrea, inc...

'Cable stay bridge' built by L&T in Hyderabad inaugurated

Hyderabad, Sep 25 PTI The cable stay bridge built by Larsen Toubro L T across Durgam Cheruvu Lake here was inaugurated by Telangana Minister K T Rama Rao in the presence of Union Minister G Kishan Reddy. A unique aspect of this bridge is ...

Israeli leaders bicker as virus lockdown goes into effect

Israeli lawmakers cannot agree on legislation governing a tightened nationwide lockdown that took effect Friday, prompting Prime Minister Benjamin Netanyahu to propose a state of emergency that would halt weekly demonstrations against him. ...

Give Feedback