Welcome to our dedicated page for Elanco Animal Health Incorporated news (Ticker: ELAN), a resource for investors and traders seeking the latest updates and insights on Elanco Animal Health Incorporated stock.
Elanco Animal Health Incorporated (NYSE: ELAN) is a global leader in animal health, committed to innovating and delivering products and services to improve the health and wellness of both farm animals and pets. Established with nearly 70 years of heritage, Elanco operates in over 90 countries with a diverse portfolio of approximately 200 brands. Their core mission is encapsulated in their vision: 'Food and Companionship Enriching Life,' which they pursue through three primary avenues:
- Enhancing food security by improving the health and productivity of farm animals, thereby contributing to a safer, more affordable, and abundant food supply.
- Helping pets live longer, healthier lives through advanced veterinary products.
- Improving food safety standards globally.
Elanco’s dedication to animal health is reflected in their continuous innovation and quality systems, driven by a shared vision of enhancing life for animals and humans alike. This commitment is evident in their recent achievements and ongoing projects. For instance, Elanco's collaboration with Agtech company, Cattler, aims to provide data-driven solutions to cattle farmers, enhancing operational efficiency and productivity through services like Benchmark™ and Experior™.
Elanco's financial health is strong, with the company reporting consistent revenue growth and strategic investments aimed at future expansion. In their recent financial results, Elanco posted a 5% growth in the fourth quarter and strengthened their commercial infrastructure to support ongoing and future growth. They also announced the divestiture of their aqua business to streamline operations and focus on core areas, which is expected to reduce their debt leverage significantly by year-end.
Environmental sustainability is another critical focus for Elanco. Their recent partnership with Athian to create a livestock carbon insetting marketplace is a significant step towards reducing greenhouse gas emissions in the dairy and beef industries. Products like Bovaer®, which significantly reduce methane emissions from cattle, exemplify Elanco's commitment to sustainable farming practices.
Overall, Elanco continues to be at the forefront of animal health innovation, with substantial investments in R&D, strategic partnerships, and a clear commitment to sustainability and community health.
Elanco Animal Health (NYSE: ELAN) has chosen Indianapolis, Indiana, for its new global headquarters, a move designed to enhance operational efficiency following its acquisition of Bayer's animal health business. The state has provided a competitive incentive package involving retention of 1,600 jobs and the creation of over 570 new jobs in the next decade. The $100M campus is expected to yield cost savings and improve cash flow. Elanco aims to further its Innovation, Portfolio, and Productivity strategy while contributing positively to the local community and economy.
Elanco Animal Health (NYSE: ELAN) will host a virtual investor day on December 15, 2020, beginning at 10:00 AM ET. Presentations will be led by CEO Jeff Simmons and other executives, focusing on strategies for long-term shareholder value and 2021 financial guidance. The event will include a live Q&A session. Interested parties can register via the investor website, and a replay will be available for one year following the event.
Elanco Animal Health announced a public offering of 54,500,000 shares of its common stock at $30.25 per share, solely held by Bayer World Investments B.V. Bayer has granted underwriters an option to purchase an additional 8,175,000 shares. Elanco will not issue any shares nor receive proceeds from this offering, which is set to close around December 3, 2020. The offering will proceed under Elanco's existing registration statement with the SEC, with BofA Securities, Goldman Sachs, and Credit Suisse serving as joint book-running managers.
Elanco Animal Health announced a public offering of 54,500,000 shares of common stock, solely from Bayer World Investments B.V., an affiliate of Bayer AG, with an additional option for underwriters to purchase 8,175,000 shares. Elanco will not receive any proceeds from this sale, which is part of Bayer's divestment following its acquisition of Elanco's animal health business in 2020. The offering will utilize Elanco’s existing registration statement on Form S-3, with management by BofA Securities, Goldman Sachs, and Credit Suisse.
Elanco Animal Health (NYSE: ELAN) will participate in the 3rd Annual Evercore ISI Virtual HealthCONx Conference on December 1, 2020. CEO Jeff Simmons is scheduled for a virtual fireside chat at 1:00 p.m. ET. Investors can access the live audio webcast on the Events and Presentations section of Elanco's investor website, with a replay available for one year. Established nearly 70 years ago, Elanco focuses on innovation in animal health, delivering products to enhance the well-being of farm animals and pets while committing to sustainability and community impact.
Elanco Animal Health (NYSE: ELAN) reported Q3 2020 financial results, highlighting a 15% revenue increase to $889.6 million, bolstered by the Bayer Animal Health acquisition. Despite this, the company faced a net loss of $135 million due to rising operating costs associated with integration. Elanco plans to realize $275-$300 million in cost synergies by mid-2022, alongside significant restructuring measures affecting 900 positions. The company also received key product approvals, enhancing its Farm Animal portfolio, while adjusting Q4 2020 revenue guidance between $1,020 and $1,060 million, amid ongoing pandemic headwinds.
Elanco Animal Health (NYSE: ELAN) will participate in the Credit Suisse 29th Annual Virtual Healthcare Conference on November 9, 2020. CEO Jeff Simmons is set to engage in a virtual fireside chat at 3:30 p.m. ET. A live audio webcast will be accessible on Elanco's investor website, with a replay available for about a year. With nearly 70 years in animal health, Elanco focuses on innovating products for farm animals and pets, promoting overall animal health, and contributing to community welfare.
Elanco Animal Health announces FDA approval for Elura™ (capromorelin oral solution), a treatment for weight loss in cats with chronic kidney disease (CKD). This approval marks a significant addition to Elanco's feline product line, addressing a critical need as CKD leads to weight loss in aging cats. In a pivotal study, over 80% of treated cats gained weight, significantly more than controls. Elura is the first of its kind, utilizing a novel mechanism to stimulate appetite and aid weight gain.
Elanco Animal Health Incorporated (NYSE: ELAN) has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 4 million shares, representing about 1% of Elanco's outstanding shares. The offer price of $26.45 per share is approximately 4.5% below Elanco's last closing price of $27.70 on October 2, 2020, and around 21.7% lower than the $33.79 closing price on October 12, 2020. Elanco advises shareholders not to tender their shares, citing that the offer price is below market value and urges them to withdraw if they have already tendered their shares.
Elanco Animal Health (NYSE: ELAN) is set to release its third-quarter 2020 financial results on November 6, 2020. The company will host a conference call at 8:00 a.m. ET to discuss its performance with investors, media, and the public. A live webcast will be available on Elanco's website, along with a replay after the call. As a leader in animal health, Elanco focuses on innovative solutions for preventing and treating diseases in animals, aiming to enhance health and well-being for both animals and their owners.
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