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Tuesday, March 13, 2007

Industry News: Intervet Purchased by Schering-Plough

This post could be sub-titled, "Banamine Buys Regumate."

News reports from Europe are confirming that Schering-Plough is acquiring Organon BioSciences (OBS), the parent company of Intervet, from Akzo Nobel, in a move that could create a new leader in the global animal health industry. The deal, said to be worth 11 billion Euros (US$14.4bn), was announced on Monday from the Netherlands headquarters of Schering-Plough.

The deal may place Schering-Plough at the top of animal health corporations worldwide by sales.

One of Schering-Plough's most familiar equine-market products is the anti-inflammatory Banamine. Intervet makes several widely-used vaccines, plus wormers like Panacur and specialty treatments like Regumate.

Read the press release from the Schering-Plough web site here.

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