Elanco withdraws 2020 revenue, earnings guidance

Elanco withdraws 2020 revenue, earnings guidance

Phongphan | Bigstock.com

COVID-19 pandemic causes company to update business and financial position

“I remain confident in Elanco’s long-term strategy and our ability to deliver on the commitments to our stakeholders,” said Elanco President and CEO Jeff Simmons in a statement on Tuesday. “The underlying industry fundamentals remain strong and the diversity of the global Elanco business across farm animals and pets provides durability and balance. We are resolute in our acquisition of Bayer AG’s animal health business as it adds to our leadership position in animal health for the long term.”