Volume 92 Issue 19 | p. 7 | News of The Week
Issue Date: May 12, 2014 | Web Date: May 9, 2014

Merck & Co. Sells Consumer Products Unit To Bayer

Firm to sell unit for $14.2 billion, another ground shift for pharmaceuticals
Department: Business | Collection: Life Sciences
Keywords: pharmaceuticals, biotech, M&A, animal health

In the latest big pharma move to slim down, Merck & Co. will sell its consumer care business to Bayer for $14.2 billion. In a related transaction, Merck will also give Bayer $1 billion up front to codevelop a class of cardiovascular drugs.

Merck announced in January that it was considering its options for both its consumer care and animal health units, adding to a growing industry trend to . . .

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