Developing and nurturing new and existing veterinary brands that deliver sustainable revenue with attractive margins

Key initiatives

  • Optimise the quality of the portfolio; focus on smaller number of bigger-selling, higher-margin brands

Progress

  • 3.8% increase in revenue in 2023, benefiting from sales growth generated by new products
  • Investment in sales and marketing drives double-digit increase in Daxocox uptake in owned operations

Pursuing external opportunities that enhance revenue and profitability, expand geographic reach and scale and strengthen the pipeline through early and latestage in-licensing

Key initiatives

  • Seek opportunities for geographic expansion, in-licensing of lateand early-stage products and the acquisition of products and businesses that generate value-creating growth
  • Build commercial partnerships to exploit growing global markets

Progress

  • Senior Executive Team (SET) resources dedicated to pursuit of business development opportunities
  • Crystallisation of value from non-core asset with £24.9m sale of majority stake in Identicare Ltd post year end

Leveraging science focus and development capability to generate innovative treatments that have the potential to advance veterinary practice

Key initiatives

  • Strengthen pipeline of differentiated products through partnerships, in-licensing and acquisitions

Progress

  • VHH antibody research collaboration with Orthros Medical progressing well
  • Initially focused on canine osteoarthritis, research scope now extended to horses
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  • Articles of Association 2017

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animal health products to market

Animalcare Group plc
Moorside, Monks Cross, York, YO32 9LB, UK

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