Reportedly, the products have been marketed by Pfizer and Wyeth’s Fort Dodge operations. Elanco also expected to acquire a manufacturing facility in Sligo, Ireland, currently used in the production of animal vaccines. As part of the agreement, all Sligo employees will be offered positions with Elanco.
The European Commission requested that Pfizer divest these products as a result of its acquisition last year of Wyeth, including Wyeth’s Fort Dodge Animal Health business.
As per the terms of the agreement, Lilly is expected to acquire European rights to a portfolio of marketed products, as well as a biological manufacturing facility in Sligo, Ireland.
Wherein, Pfizer will receive an undisclosed upfront payment. In order to ensure an uninterrupted supply of product to customers, both companies also have signed corresponding manufacturing supply agreements. The closing of the transaction is contingent upon clearance from European regulatory authorities and other customary closing conditions.
Jeff Simmons, president, Elanco, said: “The addition of this attractive portfolio of products and a world-class manufacturing facility is a natural fit for Elanco and positions us well for sustained growth.
“Through this acquisition, we will expand and diversify our European presence with new market-leading products, augment our growing portfolio of companion animal medicines, and acquire new biologic and vaccine capabilities. We are excited about these new opportunities to improve animal health and protein production, and deliver greater value to our customers.”