Schering-Plough to sell animal health franchises to Pfizer

Pfizer Animal Health, part of drug behemoth Pfizer, has entered into an agreement to acquire multiple product franchises from fellow USA-based Schering-Plough covering all major animal health species including cattle, swine, equine and companion animals.

Specifically, Pfizer Animal Health will acquire from S-P a number of products for sale in the European Economic Area covering several categories, including vaccines, specialty products, parasiticides and anti-inflammatory products for animals.

The acquisition is subject to certain closing conditions, including antitrust approval. Terms of the agreement were not disclosed.