Drugs & Pharmaceuticals M&A » By The Online Investor Staff, updated Fri., Apr. 19, 4:31 AM
Recent mergers and acquisitions in the Drugs & Pharmaceuticals M&A category.
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Slide #10. Eli Lilly and Company — Novartis Animal Health
Acquirer:
Eli Lilly and Company (NYSE:LLY)
Acquiree:
Novartis Animal Health
Details:
Eli Lilly and Company (NYSE: LLY) today announced an agreement to acquire Novartis Animal Health for approximately $5.4 billion in an all-cash transaction that will strengthen and diversify Lilly's own animal health business, Elanco. Upon completion of the acquisition, Elanco will be the second-largest animal health company in terms of global revenue, will solidify its number two ranking in the U.S., and improve its position in Europe and the rest of the world.
Eli Lilly and Company discovers, develops, manufactures, and markets products in a single business segment: human pharmaceutical products. Co.'s products include: diabetes products, oncology products, immunology products, neuroscience products and other therapies. Co.'s diabetes products include: Basaglar®, a long-acting human insulin analog for the treatment of diabetes; and Trajenta®, for the treatment of type 2 diabetes. Co.'s oncology products include: Alimta®, for treatment of patients with non-squamous cell histology and no epidermal growth factor receptor or anaplastic lymphoma kinase genomic tumor aberrations.
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Avg. Broker Rec.
 
|
Strong Buy (3.79 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: LLY Stock Forecast Based on Zacks ABR data; powered by Xignite |
