Elanco/Eli Lilly to buy Monsanto’s Posilac (rbST) brand

GREENFIELD, Ind. — Elanco, a division of Eli Lilly and Company announced Aug. 20 Lilly has signed an agreement to acquire the worldwide rights to the dairy cow supplement, Posilac, as well as the product’s supporting operations, from Monsanto Company.

“Global dairy demand is increasing, outstripping supply, and consumers are seeing rapidly rising prices,” said Jeff Simmons, president, Elanco. “We remain focused on the health and care of the cow in working with farmers to increase global milk supply.”

Elanco has exclusively sold sometribove outside of the United States for a decade.

Under the terms of the agreement, Lilly will acquire all rights to the Posilac brand, as well as the product’s U.S. sales force and its manufacturing facility in Augusta, Georgia. In return, Monsanto will receive a $300 million upfront payment, as well as contingent consideration.

The Posilac dairy business manufacturing and sales teams will be integrated into the Elanco business.

The transaction is expected to close near the beginning of the fourth quarter of 2008.

Posilac (rbST) is approved by numerous regulatory authorities worldwide to help dairy farmers improve milk productivity. Bovine somatotropin is a natural protein produced in all cattle, helping adult cows produce milk. Milk from cows receiving Posilac is unchanged from milk from cows not receiving this supplement.

One Comment

  1. Uncle B says:

    Spread the “American” poison! Soon the whole world will be ready to procreate at ten years old, not just Yankee Doodles and his off-spring, and we will stand in line to fight wars we do not understand for the Zionists, the Uber-Rich, the Illuminati, evn Nazis if they do a come-back – Such is the fate of these mis-shapen humanoids , fed hormonized beef, pork and ch1cken, and gallons of hormonized milk at very early ages – the become big, fat healthy dumb cannon fodder early and ready to fight, die, procreate, putty in world planners hands, and while there minds are still a clean slate, full if childish video games and such! A “Master Race” breeder’s playground to be sure! An Empire Builders toy-shop!

Leave a Comment

Receive emails as this discussion progresses.

eNewsletter

Get our Top Stories in Your Inbox

Services

Recent News