The article discussed Vétoquinol S.A.’s acquisition of the animal health business of Wockhardt Limited. Vétoquinol is a family-owned, independent French veterinary pharmaceutical laboratory. Wockhardt is the sixth largest pharmaceutical company in India. The independent affiliate office of Kelley Drye & Warren LLP in Mumbai, India represented Vétoquinol in this transaction. The article examined the structuring of the deal, which involved complex intellectual property, taxation and licensing negotiations. The article also discussed the acquisition’s impact on Vétoquinol, Wockhardt, the animal healthcare industry and the Indian market.