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Novartis Animal Health expands presence in Japan with acquisition
Novartis to acquire animal health business of Sankyo Lifetech Co., Ltd.

23 Oct 2006 - Novartis has agreed to acquire the animal health business of Sankyo Lifetech Company, Limited, expanding the presence of its Novartis Animal Health business in Japan.
 
Under the agreement, the terms of which were not disclosed, Sankyo Lifetech, a subsidiary of Sankyo Company, Limited, will transfer its animal health business to a new company that Novartis Animal Health K.K. has agreed to acquire. The transaction is expected to close at the end of March 2007. The transaction includes the transfer of consenting staff and all marketing authorizations and intellectual property related to the commercialized brands and R&D portfolio of Sankyo Lifetech's animal health business, which generated USD 48 million (JPY 5.7 billion) in product sales in the fiscal year ending in March 2006.