Zoetis Looking to Expand - Analyst Blog
July 03 2013 - 12:00PM
Zacks
Zoetis Inc. (ZTS),
the former Animal Health business of Pfizer Inc.
(PFE), announced recently that it intends to expand its
manufacturing facility in Lincoln, Neb. Zoetis aims to facilitate
the production of high-quality, reliable drugs for veterinarians,
livestock offerings and the animals under their care through this
expansion.
Through this move, the company
intends to fulfill its objective of being a world-class
manufacturer of animal health products by ensuring constant supply
of high- quality therapies for animals.
Zoetis stated that the early
construction work has commenced and full fledged work for expanding
the existing facility is expected to start shortly. The entire
process involves a three-story expansion (19,000 square-feet) of
the existing production facility. This will facilitate the transfer
of products to Lincoln from a third-party manufacturer. The work is
expected to be completed in 2014.
We remind investors that Zoetis
started trading on the New York Stock Exchange from Feb 1, 2013.
Last month, Pfizer gave up its entire stake in Zoetis. Pfizer had
announced its plans to spin off its Animal Health business in Jun
2012.
Zoetis emphasizes on the discovery,
development, manufacture and marketing of veterinary vaccines and
medicines. The company focuses on farm as well as companion animals
and has presence in more than 120 countries. The Animal Health
segment of Pfizer had delivered sales of $4.3 billion in 2012, up
3% year over year.
Zoetis carries a Zacks Rank #3
(Hold). Companies such as Biogen Idec Inc. (BIIB)
and Jazz Pharmaceuticals Public Limited Company
(JAZZ) appear to be more attractive. Both stocks carry a Zacks Rank
#1 (Strong Buy).
BIOGEN IDEC INC (BIIB): Free Stock Analysis Report
JAZZ PHARMACEUT (JAZZ): Free Stock Analysis Report
PFIZER INC (PFE): Free Stock Analysis Report
ZOETIS INC (ZTS): Free Stock Analysis Report
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