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Elanco Animal Health, Inc. (ELAN) Presents at Cowen Healthcare Broker Conference Call - (Transcript)

Mar. 02, 2021 11:39 PM ETElanco Animal Health Incorporated (ELAN) Stock
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Elanco Animal Health, Inc. (NYSE:ELAN) Cowen Healthcare Conference March 2, 2021 2:50 PM ET

Company Participants

Jeffrey Simmons - President, CEO & Director

Conference Call Participants

Kathleen Miner - Cowen and Company

Stephen Scala - Cowen and Company

Kathleen Miner

Thank you. Good afternoon, everyone. Today, we're pleased to have Elanco here at Cowen's 41st Annual Health Care Conference. As most of you know, Elanco is a leading animal health care company that was spun out of Lilly almost 2 years ago this month, I guess. And in mid-2020, the company acquired Bayer's Animal Health business that further bolstered its global position in both pet and farm animal health. The company is in the early stages of margin expansion. We continue to see the company is well positioned in the attractive animal health market.

So with us today, we're pleased once again to have President and CEO, Jeff Simmons. Jeff, welcome, and happy to have you back again.

Jeffrey Simmons

Great. Great to be with you. Thanks, Kathy.

Kathleen Miner

Sure. And we're going to get started. We've got a number of questions. But if anyone in the audience would like to ask something, you can either use the box on your screen or you can e-mail either Steve Scala or myself, Kathy Miner at cowen.com, and we can look at those.

Question-and-Answer Session

Q - Kathleen Miner

So just to get started, we'll go with one of the big picture issues and that's been a topic, and that has to do with the political and legislative front. And as you look at the new Biden administration, can you talk about what proposals or initiatives might be most important to animal health and particularly to Elanco?

Jeffrey Simmons

Yes. I think the first thing, Kathy, would be what we proved over the last

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