TheFishSite.com - news, features, articles and disease information for the fish industry

News

Euro approval for the World's largest animal health business

22 October 2007

EUROPE - Schering-Plough Corporation has received European Commission approval for its planned acquisition of Organon BioSciences, from Akzo Nobel.

Schering-Plough
Intervet
Organon BioSciences, comprised mainly of Organon, the human pharmaceutical business, and Intervet animal health, will become part of Schering's portfolio by the end of the year. The acquisition will create the World's largest animal health company, although an agreement has been reached to divest certain animal health products in Europe. The divestitures are not material to the company's financial results.

As part of the deal Schering-Plough also acquires Nobilon, the human vaccine development unit, and Diosynth, a third-party manufacturing unit of Organon. No divestitures are required in this sector of the business.

The acquisition is almost finalised, bar certain regulatory approvals, including clearance from the US Federal Trade Commission, which are currently underway.

Further Reading

       - Go to our previous news item on this story by clicking here.

TheFishSite News Desk



Our Sponsors

Partners


Seasonal Picks

Fundamentals of Ornamental Fish Health - 5m Books

The Shrimp Book - 5m Books.com