Prionics Acquires Pfizer Animal Health's Diagnostic Products
Prionics AG and Pfizer Animal Health agreed that Prionics will acquire Pfizer Animal Health's diagnostic products. Terms were not disclosed.
The product line includes tests for the detection of Bovine tuberculosis (Bovigam(R)) and Paratuberculosis (Parachek(R)) in animals raised as a food source. Both diseases cause major economic damage to the farm industry and also have implications to human health.
Bovigam(R) and Parachek(R) are among the leading products in their field with significant shares in existing markets and an attractive potential for the development of new markets. Prionics will fully integrate the diagnostic tests into its product portfolio through a one year transition phase to ensure a smooth changeover.
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