Goldman Sachs initiated coverage of the animal-health industry on Monday, rating Zoetis (ticker: ZTS) a Buy. It cited the expected introduction of Simparica Trio, which is under regulatory review in the U.S., Canada, Brazil, Australia and Japan, as a reason for the rating.
The drug, which is chewable, will be used to prevent heartworm disease, treat and control ticks and internal parasites. One of its advantages will be convenience, as it will allow pet owners to combine several drugs into one.
“Our upside case for Simparica Trio sees potential for $1.36 [billion] of revenue in 2022 and $1.14 of incremental EPS (net of cannibalization),” the Goldman note said.
https://www.barrons.com/articles/zoetis-stock-canine-drug-simparica-trio-animal-health-51568035966
https://www.barrons.com/articles/zoetis-stock-canine-drug-simparica-trio-animal-health-51568035966
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