Thursday, December 20, 2012

Merial acquires Animal health division of India based Dosch Pharmaceuticals

Merial, the Animal Health division of Sanofi announced today that Sanofi has entered into a binding agreement to acquire the animal health division of the Indian company Dosch Pharmaceuticals Private Limited, creating a market entry for Merial in that country’s strategically important and growing animal health sector.  The agreement is subject to regulatory approval and is expected to finalize sometime in the first half of 2013.  Financial details were not disclosed.

Within the animal health division, Dosch has a 279 member sales force, covering 18 Indian states.  The animal health division being acquired by Merial has more than 86 products under 50 brands for ruminants, poultry and companion animals. Products include an extensive range of animal health therapeutics and nutritional feed supplements. 

The animal health market in India is estimated at more than €350 million* in 2012, and is experiencing annual double digit growth. India is home to the world’s largest herd of cattle and buffalo, second largest herd of sheep and goats, and has the world’s fifth largest population of poultry.  India is also the world’s largest milk producer.