Marketscreener.com on Nostr: ECO Animal Health streamlines product portfolio with disposal ========== ECO Animal ...
ECO Animal Health streamlines product portfolio with disposal
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ECO Animal Health Group PLC has disposed of its non-core product line, ECOmectin Horsepaste, by selling it to Italian firm ACME Drugs SRL for a total consideration of EUR1.3 million. The revenue derived from the business in the year ending March 31, 2024, was GBP814,000. The disposal aligns with the company's vision to streamline the business and focus on its core pig and poultry products. CEO David Hallas stated that the company is looking for value accretive opportunities and reinvesting in its R&D pipeline for future growth. ECO Animal Health shares were down 2.5% to 82.84 pence each in London on April 4, 2024.
#EcoAnimalHealth #ProductDisposal #AcmeDrugsSrl #Revenue #Streamlining #CoreProducts #R&dPipeline
https://www.marketscreener.com/quote/stock/ECO-ANIMAL-HEALTH-GROUP-P-4003649/news/ECO-Animal-Health-streamlines-product-portfolio-with-disposal-46363379/
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ECO Animal Health Group PLC has disposed of its non-core product line, ECOmectin Horsepaste, by selling it to Italian firm ACME Drugs SRL for a total consideration of EUR1.3 million. The revenue derived from the business in the year ending March 31, 2024, was GBP814,000. The disposal aligns with the company's vision to streamline the business and focus on its core pig and poultry products. CEO David Hallas stated that the company is looking for value accretive opportunities and reinvesting in its R&D pipeline for future growth. ECO Animal Health shares were down 2.5% to 82.84 pence each in London on April 4, 2024.
#EcoAnimalHealth #ProductDisposal #AcmeDrugsSrl #Revenue #Streamlining #CoreProducts #R&dPipeline
https://www.marketscreener.com/quote/stock/ECO-ANIMAL-HEALTH-GROUP-P-4003649/news/ECO-Animal-Health-streamlines-product-portfolio-with-disposal-46363379/