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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