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Stock impact report

Zoetis Cuts Guidance As Librela Safety Questions Test Growth Story [Yahoo! Finance]

Zoetis Inc. Class A (ZTS) 
Last zoetis inc. class a earnings: 2/13 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.zoetis.com
Company Research Source: Yahoo! Finance
Zoetis (NYSE:ZTS) reduced its full year guidance after raising safety concerns around its osteoarthritis drug Librela. Management said it intends to address questions on Librela with science based evidence on safety and efficacy. The update has drawn attention because Librela is an important product within Zoetis's animal health portfolio. For investors watching Zoetis at a share price of $118.15, the guidance cut tied to Librela comes on top of a weak longer term share performance. The stock is down 3.4% over the past week and 6.7% over the past month, with a 1 year return of a 27.4% decline and a 3 year return of a 26.3% decline. Over 5 years, Zoetis has recorded a 20.4% decline, which frames how sensitive sentiment can be to product specific headlines. Because Librela plays a key role in the NYSE:ZTS product suite, the way Zoetis responds to safety questions will likely be closely watched. Management's plan to lean on scientific data may influence how vets, pet owners and Show less Read more
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