24.03.2011 • News

Chris Viehbacher: Sanofi to Grow Animal Health Through Bolt-On Buys

French drugmaker Sanofi-Aventis plans to expand its Merial animal health business through bolt-on acquisitions, its chief executive said on the sidelines of a conference on Wednesday.

"Bolt-ons are going to be easier" than large acquisitions, Chris Viehbacher said. This was because of competition issues in the increasingly consolidating industry.

Sanofi and Merck on Tuesday dropped plans to combine Merial with Merck's Intervet/Schering Plough (ISP) veterinary business.

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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.