Reuters: Mergers News: UPDATE 1-Sanofi buys U.S. animal vaccine firm

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UPDATE 1-Sanofi buys U.S. animal vaccine firm Apr 2nd 2012, 15:08 Mon Apr 2, 2012 11:08am EDT * Buys U.S. vaccine specialist Newport Laboratories * No financial details given PARIS, April 2 (Reuters) - French drugmaker Sanofi on Monday it has acquired Newport Laboratories, a privately held U.S. specialist in swine and bovine vaccines, to bolster its animal health unit Merial. No financial details were given. The acquisition will enable Merial to expand its U.S. cow and pig vaccine business, Sanofi said. Newport specialises in autogenous vaccines, which are developed and produced from a virus or bacteria strain that has been isolated from tissue samples submitted from a particular farm, offering alternative methods to help prevent diseases in food animals. Although Sanofi has highlighted animal health as one of its main investment priorities, Chief E x ecutive Chris Viehbacher last month said the company would "probably not" be a bidder for Pfizer Inc's animal-health business, and that it would prefer smaller deals to grow Merial. Last year Sanofi and U.S. peer Merck scrapped plans to merge their respective animal health units to create the world's largest animal-health business, b laming the complexity of se lling as sets to placate regulators. In 2011 Merial reported sales of 2 billion euros, up 4.3 percent from 2010. Link this Share this Digg this Email Reprints

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