North Bergen, New Jersey 3/8/2010 11:43:45 PM
News / Business

Pfizer Inc. and Ely Lilly & Co plan the purchasing of facility to produce animal vaccines.

Wall Street Grand LLC. profile the latest deal between Pfizer and Eli Lilly & Co.

Ely Lilly & Co will acquire rights to Pfizer Inc. portfolio…Eli Lilly & Co, Pfizer Inc, and Wyeth all trade on the “New York Stock Exchange” under the Stock Symbol ”LLY, PFE, and WYE”. For the Latest information regarding these 3 stocks, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

 

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The Animal Health Division of drug maker Eli Lilly & Co, (NYSE:LLY) will purchase the rights to a portfolio of Pfizer Inc. (NYSE:PFE) products in Europe, including vaccines and feed additives. Lilly's Elanco division also acquired a manufacturing facility in Ireland used to produce animal vaccines, the drug maker said Monday. The product portfolio includes treatments for parasites, both commercial animals and pets.

Elanco President Jeff Simmons said in a statement that the deal will allow the company to expand in Europe. The European Commission asked Pfizer Inc. to divest some of its assets after it bought drug and health company Wyeth (NYSE:WYE) for $68 billion last year.

Shares of Eli Lilly and Co. fell 18 cents to $34.91 at the start of trading Monday.

 

 

 

 

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