News 208 views last update:6 Aug 2012

Eli Lilly to boost its animal health division

By acquiring Ivy Animal Health Inc., a Kansas-based privately held pharmaceutical company, Eli Lilly and Co. plans to boost its animal health division.

After the acquisition, Ivy will be an operating unit of Elanco Animal Health (a division of Eli Lilly). Last year, Elanco brought in $875.5 million in revenue, a small portion of Lilly's total of $15.7 billion.

Ivy's principal products are beef cattle growth promoting products. The company also maintains a database on nutritional and health information for more than 60 million animals.

Ivy will continue to operate from its Overland Park, Kan., location after the deal closes, according to Lilly.

Related websites:
Elanco Animal Health
Eli Lilly
Ivy Animal Health Inc.

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