Lecture 3

Lecture 3 - 8/23/2011 1 Animal Health Product Development...

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Unformatted text preview: 8/23/2011 1 Animal Health Product Development Industry Overview, Development Costs, & Time Animal Health Products Industry Overview U.S. consumers, veterinarians and livestock producers spent more than $5 billion in 2005 to treat and prevent disease in animals, a 6 percent increase from the previous year. U.S. animal health product sales totaled $5.8 billion in 2006. Source: Animal Health Institute, www.ahi.org 8/23/2011 2 Animal Health Products Industry Overview U.S. animal health companies spend approx. 12 percent of annual sales on R&D. U.S. companies spent $618 million in 2006 for R&D. Development of a major new animal drug take 7-10 years and costs $80- $100 million. Source: Animal Health Institute, www.ahi.org 4 2007 Animal Health Industry $17,900 million Nominal growth = +11.4% Real growth = +4.7% Source: Animal Health Institute, www.ahi.org Industry Overview 8/23/2011 3 Animal Health Market Evolution/Consolidation 5 Source: Animal Health Institute, www.ahi.org Animal Health Market by Product Group 6 Source: Animal Health Institute, www.ahi.org 8/23/2011...
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Lecture 3 - 8/23/2011 1 Animal Health Product Development...

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