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Sanofi, Merck abandon veterinary drug tie-up

Sanofi, Merck abandon veterinary drug tie-up

Drugmakers Merck & Co. and Sanofi-Aventis SA say they've abandoned a year-old effort to create a veterinary medicine joint venture because of the deal's mounting complexity and regulatory hurdles.
Merck, based in Whitehouse Station, N.J., and Sanofi-Aventis say they've agreed that keeping their animal health businesses separate is in the best interests of the companies, their shareholders and their employees.
The Tuesday statement by Merck and Sanofi comes a year after the companies had set out to create what they said would be the world's largest maker of pet and livestock medicines.


Updated : 2020-12-03 22:32 GMT+08:00