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Animalcare solidifies progress on margins

The vet pharma firm’s underlying margins rose by a full percentage point thanks to a strategy shift and stronger companion animal sales
March 29, 2022
  • Canine osteoarthritis pain treatment Daxocox launched in second half
  • Early-stage R&D agreement signed with Orthros Medical in March

The boom in pet ownership during the pandemic has manifested in stronger sales and profit margins for Animalcare’s (ANCR) veterinary medicines in 2021. The shares rose by 4 per cent on the morning of the results, reversing this year’s vet sector sell-off that has also affected rivals CVS (CVSG) and Dechra Pharmaceuticals (DPH)

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