Nevermind Valeant – Cannacord Floats the Idea Of A Zoetis-IDEXX Deal

Forget Valeant buying Zoetis. According to some, a Zoetis-IDEXX deal would be a better fit. Cannacord Genuity suggested in a research report on Monday that Zoetis could make a bid for IDEXX Laboratories, a Maine-based diagnostics and information solutions provider for animal health and water and milk quality. Analysts from the Canada-based investment banking and financial services firm recently met with IDEXX management in Toronto. “Management declined to comment on noise around Zoetis’ stated interest in scaling up its animal health diagnostics business,” analysts said. “IDXX did acknowledge Zoetis’ well-respected presence in animal health; IDXX’s head of sales formerly worked…