Elanco reins in revenue outlook on African swine fever
The CEO of the animal health company says he hasn’t seen anything like the outbreak in 30 years, which is expected to cut sales by up to $50m
13 August 2019 - 17:53
New York — Elanco Animal Health narrowed its sales forecast for the year on Tuesday as a worsening outbreak of a deadly swine flu ravages the pork industry in Asia.
“I haven’t seen something like this in my 30 years working in animal health,” said Elanco CEO Jeff Simmons in a phone interview. He said that swine fever is the most significant headwind the company faces. The disease is expected to cut into Elanco’s sales by $40m to $50m this year, the company said...
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