date:May 31, 2013
ed for animal use, the global animal health sector has been growing at about 6 percent annually, said Tony Butler, managing director at Barclays Equity Research.
While rivals like Merck Co and Sanofi have focused on vaccines and parasiticides, Elanco is a leader in the production of ractopamine-based feed additives, say industry analysts. Over half of its business is food additives, said Butler.
Elenco contributed 9 percent of Eli's total sales in 2012, according to SEC filings.
Eli Lilly do