Dec 21, 2012, 09.00 AM IST
French drug-maker Sanofi has entered into an agreement to acquire the animal health division of Indian firm Dosch Pharmaceuticals for an undisclosed amount.
The agreement is subject to regulatory approval and is expected to finalise sometime in the first half of 2013, it added. The company, however, did not disclose financial details. "The acquisition of Dosch's Animal Health Division will be a significant milestone for Merial and give us a strategic platform for our development in the Indian market," said
Merial Chief Executive Officer Jose Barella. Barella added that combination of Dosch's animal health brands and distribution strength, along with the robust new product pipelines from both Merial and Dosch, will strongly position Merial to become rapidly a major animal health player in India.
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