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Lilly May Bid for Pfizer Animal Health Products, CFO Rice Says

Eli Lilly & Co. (LLY), whose top-selling antipsychotic drug Zyprexa faces generic competition in October, said it may bid for veterinary products being sold by Pfizer Inc. (PFE)

Lilly, which had $1.39 billion in sales from animal-health products last year, is monitoring Pfizer’s plans to divest its unit, Chief Financial Officer Derica Rice said in a conference call with investors today. The Indianapolis-based drugmaker will pursue any assets it deems of interest, Rice said.

To contact the reporter on this story: Tom Randall in New York at trandall6@bloomberg.net.

To contact the editor responsible for this story: Reg Gale at rgale5@bloomberg.net.

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