Biotech Values

[DewDiligence]

ZTS—This is a minuscule concern, according to the ISI presentation. The risk, such as it is, does not stem from a possible regulatory ban (which no industry experts anticipate), but rather from the growing popularity of so-called organic meat—i.e. the stuff sold at places like Whole Foods. These products have a market share of about 1% in the US and something less than that elsewhere; thus, the organic market share could double, triple, or quadruple without having much effect on ZTS’ sales.