March 22, 2011

Merck and sanofi-aventis to maintain separate businesses in animal health

 

Merck and sanofi-aventis to maintain separate businesses in animal health

Whitehouse Station, NJ and Paris, France – March 22, 2011 – Merck (NYSE: MRK) and sanofiaventis (EURONEXT: SAN and NYSE: SNY) announced today the mutual termination of their agreement to form a new animal health joint venture by combining Merial, the animal health business of sanofi-aventis, with Intervet/Schering-Plough, Merck’s animal health unit. As a result, each party will keep its current, separate animal health assets and businesses.