Elanco poses a real threat hereElanco Animal Health is #2 in animal pharmaceuticals.
Zoetis has 15 Blockbuster drugs (>$100 million in sales) and has been a stock market darling.
#1 in Companion animals (mostly dogs and cats) plus Farm animals. Strong relationship with vets.
Elanco (ELAN symbol) has 9 Blockbuster drugs plus 6 potential Blockbuster drugs in the US by 2025!
New drugs focus on Pet parasites, dermatology and pain; Farm – livestock sustainability [emissions]
Elanco was a spin off of Eli Lilly's animal business plus Bayer's animal pharma business.
$4.4 Billion in Sales. 55% outside US (20% Companion, 35% Farm), 90+ countries
45% US breakdown: 28% Companion, 17% Farm.
Disclosure: I don't own either at these prices.