Another bad quarter..:

Discussion in 'Elanco' started by anonymous, May 4, 2018 at 7:05 AM.

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  1. anonymous

    anonymous Guest

    Eli Lilly & Co. has attracted interest from private equity firms including Bain Capital and Advent International Corp. for its animal-health business, as the pharmaceutical giant considers options for the ailing unit, people with knowledge of the matter said.

    Carlyle Group LP may also consider bidding for Elanco, as the unit is known, said the people, who asked not to be identified as the matter isn’t public. Considerations are at an early stage and Lilly may choose to keep the business or pursue a spinoff, they said. Elanco could be valued at $14 billion to $16 billion, according to JPMorgan Chase & Co. estimates from December, when Lilly said it was weighing an initial public offering, sale or merger of the unit.


    On Tuesday, Lilly said that first-quarter sales at Elanco fell 1 percent year-over-year to $761 million, hit mainly by a decrease in sales to the livestock industry. The company’s products, including drugs that help cattle gain weight and dairy cows produce more milk, have been increasingly at odds with a U.S. consumer focus on organic and unaltered food.

    The “clean food movement hit us,” Elanco President Jeff Simmons said in January.
     

  2. anonymous

    anonymous Guest

    ”The clean food movement hit us”

    Take a look at this article. https://www.ibj.com/articles/19823-lilly-hopes-elanco-unit-becomes-a-cash-cow

    “Simmons is making a huge bet the cheese will win over the milk. He predicts retailers and consumers—especially in emerging markets—will opt for food made cheaper by using Elanco’s productivity-enhancing drugs over the pricier organic and locally grown products made without them”

    That could be the single biggest misstep Elanco has taken. Not his mistake above but appointing someone who could actually make that mistake. Pathetic.
     
  3. anonymous

    anonymous Guest

    "We are hoping that people will want cheap, adulterated food again soon."