Zoetis acquires PHARMAQ

Zoetis acquires PHARMAQ

ZOETIS Inc. announced an agreement to purchase PHARMAQ, a global leader in vaccines and health products for aquaculture, for $765 million on a debt-free basis.

Zoetis said acquiring PHARMAQ gives it a market-leading presence in the fastest-growing segment of the animal health industry.

PHARMAQ is a leader in sales of vaccines for farmed fish, a market segment growing 10% annually. The company generated revenues of approximat

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