Merck & Co. announce their latest Merger with Sanofi-Aventis SA in preparation to lead the Veterinary Industry…Merck & Co. trades on the “New York Stock Exchange” under the Stock Symbol ”MRK”. For the Latest information regarding “MRK”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Merck & Co. and France's Sanofi-Aventis SA, two of the world's biggest pharmaceutical companies announced on Tuesday that they are uniting their animal health businesses in a deal to become the top dog in the veterinary industry.
Merck & Co. and France's Sanofi-Aventis SA said they'll jointly own the combined business, which will have a share of about 29 percent in the $19 billion-a-year global market for medicines for pets and livestock. That's well ahead of the current leader, Pfizer Inc.'s Fort Dodge unit, which has about 20 percent of the market.
The joint venture will combine Sanofi's Merial animal health business, the maker of Frontline flea and tick fighter and Heartgard for preventing heartworm infection, with Merck's Intervet/Schering-Plough unit, which mainly makes vaccines and drugs for farm animals. Merial mainly operates in North America and South America, while Intervet sells in Europe and emerging markets
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