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Market News Video
March 14, 2011 AT 12:05 PM
Eli Lilly (LLY) said today its animal health division, Elanco, has made an irrevocable, unconditional offer to acquire the animal health business of Johnson & Johnsons (JNJ) Janssen Pharmaceutica. Janssen is based in Belgium, and its animal health business is primarily European-focused, targeting disease segments in companion animals and livestock, in particular swine and poultry.