2021/03/01 - Press
Companion animals: Virbac takes over assets from Elanco
Information following the approval of the European competition authorities
As a result of the commitments made by Elanco to the European Commission in connection with the acquisition of Bayer Animal Health, Virbac obtained in February 2021 the rights to certain early stage projects related to the development of parasiticide products from Elanco. In addition, Virbac has also obtained a contribution to the development costs, as well as the worldwide rights to two companion animal products (Itrafungol and Clomicalm) with full-year sales of around €11 million. These asset transfers should have a limited impact on our Ebita and do not lead us to change our guidance for the year 2021.