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Eli Lilly To Acquire Novartis Animal Health
Updated April 22, 2014 6:35 AM | Filed under: Business
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(INDIANAPOLIS) - Eli Lilly has announced an agreement to purchase Novartis Animal Health for approximately $5.4 billion.

The all-cash transaction that will strengthen and diversify Lilly's own animal health business, Elanco.

When the company completes the acquisition, Elanco will be the second-largest animal health company in the US and globally, and improve its position in Europe and the rest of the world.

With a presence in approximately 40 countries and 2013 revenue of approximately $1.1 billion, Novartis Animal Health is focused on developing better ways to prevent and treat diseases in pets, farm animals and farmed fish.

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