M&A Deal Summary

Virbac Acquires Eli Lilly - Sentinel and Spectrum Brands

On October 27, 2014, Virbac acquired life science company Eli Lilly - Sentinel and Spectrum Brands from Lilly for 410M USD

Acquisition Highlights
  • This is Virbac’s 3rd transaction in the Life Science sector.
  • This is Virbac’s largest (disclosed) transaction.
  • This is Virbac’s 1st transaction in the United States.
  • This is Virbac’s 1st transaction in Indiana.

M&A Deal Summary

Date 2014-10-27
Target Eli Lilly - Sentinel and Spectrum Brands
Sector Life Science
Buyer(s) Virbac
Sellers(s) Lilly
Deal Type Divestiture
Deal Value 410M USD

Target

Eli Lilly - Sentinel and Spectrum Brands

Indianapolis, Indiana, United States
Virbac would acquire a combination of titles and rights for the United States on trademarks, marketing authorizations, patents, know-how, customer lists and other assets, related to two major parasiticides for dogs: Sentinel® Flavor Tabs and Sentinel® Spectrum, currently marketed in the United States by Novartis Animal Health.

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Buyer(S) 1

Buyer

Virbac

Carros, France

Category Company
Founded 1968
Sector Healthcare Services
Employees5,459
Revenue 1.2B EUR (2023)
DESCRIPTION

Virbac is an veterinarian independent pharmaceutical company. Virbac was founded in 1968 and is based in Carros, France.


DEAL STATS #
Overall 3 of 6
Sector (Life Science) 3 of 4
Type (Divestiture) 2 of 2
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-23 Centrovet Laboratories

Cerrillos, Chile

Centrovet Laboratories, Inc. specializes in the development and manufacture of salmon and trout vaccines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 Virbac SA - SENTINEL U.S. Rights

New Jersey, United States

Virbac SA - SENTINEL U.S. Rights comprises two canine products Sentinel Flavor Tabs and Sentinel Spectrum which provides protection against 5 different kinds of parasites.

Sell $400M

Seller(S) 1

SELLER

Lilly

Indianapolis, Indiana, United States

Category Company
Founded 1876
Sector Life Science
Employees43,000
Revenue 34.1B USD (2023)
DESCRIPTION
Entrance to Eli Lilly's campus in Indianapolis, Indiana.
Entrance to Eli Lilly's campus in Indianapolis, Indiana.

Lilly discovers, develops, manufactures, and markets products in two business segments—human pharmaceutical products and animal health products. The mission of its human pharmaceutical business is to make medicines that help people live longer, healthier, more active lives. Most of the products Eli Lilly sells were discovered or developed by its own scientists, and the Company's success depends to a great extent on its ability to continue to discover, develop, and bring to market innovative new medicines. Eli Lilly's animal health business, operating through its Elanco division, develops, manufactures, and markets products for both food animals and companion animals. Eli Lilly manufactures and distributes its products through facilities in the US, Puerto Rico, and 11 other countries. Lilly was founded in 1876 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 8 of 9
Sector (Life Science) 3 of 3
Type (Divestiture) 7 of 8
State (Indiana) 4 of 5
Country (United States) 8 of 9
Year (2014) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 Novartis Animal Health

Basel, Switzerland

Novartis Animal Health, Inc. offers innovative, high-quality medicines to improve the quality of life, health and welfare of animals around the world. For pets, the Company's products offer effective aids to treat some internal and external parasites, prevent heartworm and flea infestations and treat ailments such as arthritic pain and kidney, heart and allergic diseases. For farm animals, Novartis Animal Health offers therapeutic products to treat parasitic and bacterial diseases and are also continually developing new vaccines to prevent diseases in livestock and farmed fish.

Buy $5.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 Locemia Solutions - Phase III Intranasal Glucagon

Quebec, Canada

Locemia Solutions - Phase III Intranasal Glucagon is a potential treatment for severe hypoglycemia in people with diabetes treated with insulin. Intranasal glucagon uses a proprietary glucagon nasal powder formulation that is delivered in an emergency situation using a single-use, ready-to-use device. The caregiver presses a small plunger on the bottom of the device to release the glucagon as a puff in the nose, where the glucagon is absorbed in the nasal passages.

Buy -