Merial to Acquire Animal Health Division of Dosch Pharmaceuticals28 December 2012
INDIA - Merial, the Animal Health division of Sanofi, has announced that Sanofi has entered into a binding agreement to acquire the animal health division of the Indian company Dosch Pharmaceuticals Private Limited, creating a market entry for Merial in that country’s strategically important and growing animal health sector.
The agreement is subject to regulatory approval and is expected to finalize sometime in the first half of 2013. Financial details were not disclosed.
Dosch Pharmaceuticals, headquartered in Mumbai, India, was incorporated in 1992 and is a diversified pharmaceutical company, primarily operating through two divisions, animal health and exports.
The animal health division being acquired by Merial has more than 86 products under 50 brands for ruminants, poultry and companion animals.
Products include an extensive range of animal health therapeutics and nutritional feed supplements. Within the animal health division, Dosch has a 279 member sales force, covering 18 Indian states.
TheCattleSite News Desk