Elanco US Enters into Agreement to Acquire Boehringer Ingelheim Vetmedica’s U.S. Feline, Canine and Rabies Vaccine Portfolio for $885 Million

October 05, 2016

NEW YORK – Paul Hastings LLP, a leading global law firm, represented Elanco US Inc, a subsidiary of Eli Lilly and Company, in an agreement to acquire Boehringer Ingelheim Vetmedica’s U.S. feline, canine and rabies vaccines portfolio - as well as a fully integrated manufacturing and R&D site - for $885 million, including the estimated cost of acquired inventory. The deal will diversify Elanco's U.S. companion animal portfolio by complementing its offerings for dogs and cats.

Joining Elanco’s U.S. portfolio - which includes paraciticides, pain and dermatology medicines– will be routinely administered vaccines for bordetella, Lyme disease, rabies, and parvovirus, among others. Also included in the agreement are several pipeline assets.

The acquisition is anticipated to close by early 2017, subject to approval by the Federal Trade Commission and also subject to antitrust approval and closing of Boehringer Ingelheim's asset swap transaction with Sanofi.

The Paul Hastings team was led by Mergers and Acquisitions partner

, and included associates , , , , , and  from the Mergers and Acquisitions practice. The Paul Hastings team also included partners and and associates  and , who advised on Intellectual Property matters; partner, , who advised on Environmental matters; partner and associate , who advised on Real Estate matters; partner and associate , who advised on Tax matters; and partner , who advised on Employment and Benefits matters. Partner also advised on the transaction.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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