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Bayer completes acquisition of Teva’s US animal health business

7:29 AM MST | January 4, 2013 | Deepti Ramesh

Bayer HealthCare says it has received the necessary regulatory approval from the FTC to complete the previously announced acquisition of the US-based animal health business of Teva Pharmaceutical Industries (PetaŠł• Tiqwa, Israel). The acquisition includes a manufacturing site at St. Joseph, MO, and about 300 employees. Bayer had announced plans for the acquisition in September 2012. Bayer is paying up to $145 million for the acquisition, which includes an upfront payment of $60 million and a total of $85 million in milestone payments, which are linked to the...

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