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Eli Lilly Acquires Animal Health Company For $5.4 Billion

Eli Lilly is combining Novartis Animal Health with its existing animal health company Elanco.

Eli Lilly

Photo: Paul Sableman (Flickr)

The acquisition will make Elanco the largest animal health company in the world.

Eli Lilly has agreed to purchase the animal health products company Novartis Animal Health for approximately $5.4 billion.

The all-cash transaction could strengthen and diversify Lilly‘s own animal health business, Elanco.

When Lilly completes the acquisition, Elanco, which has been a part of Eli Lilly for nearly 60 years, will be the second-largest animal health company in the world.

“Novartis brings in a lot of expertise similar to what we have around customer value,” Elanco President Jeff Simmons says. “They have a real focus on innovation and some top leading brands that combine with our leading brands, so we’re excited about that.”

Simmons says the acquisition will allow Elanco to be a world leader in animal health products and innovations.

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