Date Closed: 2/21/2020
On February 21, 2020, Elanco Animal Health Incorporated (NYSE: ELAN) completed the sale of its Victoria, Prince Edward Island (PEI) aqua research and development facility to The Center for Aquaculture Technologies Canada, a leading aquaculture R&D and contract research services company with an established presence in PEI.
The site was added to the Elanco footprint as part of the Novartis acquisition in 2015, and a source of innovative products and solutions to some of the industry’s greatest needs. Elanco will shift this important capability into its other existing R&D facilities.
Elanco, headquartered in Greenfield, Indiana, is a global animal health company that develops products and knowledge services to prevent and treat disease in food animals and pets in more than 90 countries.
BLG represented Elanco with a team led by Neil Hazan and Jordan Furfaro (Corporate) that included Leanne Laughlin, Kathryn Craner and Sara Lemieux (Commercial Real Estate).