Merck, Bayer part of industry shakeup

Share this article:

While it may look like last week's GSK-Novartis deal left Merck without a consumer business suitor, this week's news indicates otherwise: the Wall Street Journal reports that Reckitt Benckiser confirmed it “was in talks” to pick up the consumer health business, which includes OTC products such as allergy medication Claritin, foot care line Dr. Scholl's and the Coppertone sunscreen line.

Monday's report is part of a larger M&A industry push which also includes today's confirmation that Pfizer has been courting—and been refbuffed by—AstraZeneca, as well as Bloomberg's report that Bayer is considering selling its $10 billion plastics division to Evonik Industries AG. Bloomberg said the sale would “whittle down one of Europe's last remaining major pharmaceutical and chemicals conglomerates,” and would coincide with Bayer's push to expand its health and life sciences presence.

Share this article:
close

Next Article in Business Briefs

Email Newsletters

More in Business Briefs

Allergan reported to seek out Salix deal

The Wall Street Journal says the deal would add "another layer of intrigue" to the Allergan-Valeant hostilities.

India's Marck gets FDA Warning Letter

Inspectors of Marck Biosciences found an array of problems during a October-November 2013 inspection, including mold near a sterile area that was so bad "the room had 'partially caved in.'"

DOJ closes Brilinta investigation

AstraZeneca announced the end of the investigation Tuesday.