Bayer HealthCare to Acquire US Animal Health Business From Teva Pharmaceutical Industries

Bayer HealthCare and Teva Pharmaceutical Industries TEVA announced today that they have signed an agreement in which Bayer will acquire the U.S. based animal health business of Teva for up to 145 million USD. The purchase price includes an upfront payment of 60 million USD plus a total of 85 million USD in milestone payments, which are linked to the successful and timely achievement of manufacturing and sales targets. The acquisition allows Bayer to expand its companion and food animal product lines in the United States by integrating the acquired assets into its animal health business. The transaction reflects Teva's commitment to focus its efforts on human health and its core expertise of providing generic and branded medicines to patients around the world. See full press release