Announced
Completed
Financials
Sources
Tags
research company
Friendly
Private
biopharmaceuticals
veterinary medicine
Biotechnology
Acquisition
Majority
Domestic
Completed
Single Bidder
Germany
Synopsis
Zoetis, an animal health company, completed the acquisition of adivo, a research company in the field of advanced biopharmaceuticals for veterinary medicine. Financial terms were undisclosed. Through the transaction, Zoetis expands its competencies in the field of biologics, i.e., biotechnologically developed agents. Following their broad success in human medicine, therapeutic antibodies are increasingly gaining importance in veterinary medicine as well. The acquisition of adivo provides Zoetis with access to technological know-how as well as to existing species-specific antibody libraries and opens up the possibility for Zoetis to develop numerous novel veterinary products.
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