Sector News

Eli Lilly to take animal health unit public

July 26, 2018
Life sciences

Eli Lilly and Co said on Tuesday it would spin off its Elanco animal health business and take it public.

Lilly will offer a stake of less than 20 percent and expects to complete the initial public offering during the second half of the year, the company said in a statement.

By Tamara Mathias

Source: Reuters

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