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Merial and I/SPAH merger: update

Sanofi-Aventis has confirmed that it is to exercise its option to merge the Merial animal health business it acquired from Merck & Co last year into a joint venture company with Merck’s Intervet/Schering-Plough Animal Health (I/SPAH). It will become the world’s largest animal health company with annual sales of $5.2 billion, based on 2009 sales, significantly ahead of the merged Pfizer Animal Health/Fort Dodge business at a pro forma $3.6bn.

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