Abandoning their planned animal health JV is a blow to Merck (MRK) and Sanofi (SNY) as they try...

|About: Merck & Co Inc. (MRK)|By:, SA News Editor
Abandoning their planned animal health JV is a blow to Merck (MRK) and Sanofi (SNY) as they try to scale up in a consolidating industry. It's also a blow to smaller firms eager to buy assets Sanofi/Merck would have been forced to shed. The winner here is Pfizer Animal Health (PFE) which will retain its top spot in the market.