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Bayer to Buy Teva Animal Health for $145 Million

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Bayer HealthCare LLC of Shawnee, Kan., plans to acquire the animal health business of Teva Pharmaceutical Industries Ltd. of Jerusalem, for up to $145 million, the companies reported Thursday.

Bayer will acquire Teva’s portfolio of animal health products, including the DVM Pharmaceuticals brand of veterinary dermatology products, a line of companion animal nutraceuticals and several food animal products, including anti-infectives, parasiticides, anti-inflammatories and reproductive hormones. Bayer will also obtain Teva’s manufacturing site in St. Joseph, Mo., which employees about 300 people.

“Bayer’s acquisition of Teva Animal Health will further strengthen and broaden our U.S. range of animal care solutions so that, together with our customers, we can continue to protect, cure and care for animals across America,” said Ian Spinks, president and general manager of Bayer Healthcare Animal Health North America. “The businesses are a great strategic fit, and Teva’s animal health portfolio adds new depth for us across both the companion and food animal areas.”

The companies expect to close the deal in 2013, subject to antitrust clearance and satisfaction of other conditions, they reported.

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Bayer to Buy Teva Animal Health for $145 Million

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This is really depressing! Soon there will be only one company and they will charge us whatever they please. We will no longer be able to buy anything because the prices will beyond our means. Plus whenever one company acquires another then the good products from the acquired company are usually stopped with respect to their manufacture. Now the good products of Teva will likely be discontinued. This acquisition should be stopped! Sharon, San Dieog, CA Posted: 9/15/2012 10:57:19 PM