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Elanco stock rise by 10% post-Bovaer approval by 2024 end?
5
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Yes • 50%
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FDA Approves Elanco's Bovaer to Cut Methane Emissions in Dairy Cows
May 28, 2024, 11:06 AM
Elanco Animal Health Inc. has received approval from the US Food and Drug Administration (FDA) for a new feed ingredient that significantly reduces methane emissions in dairy cows. The ingredient, known as Bovaer, has been shown to cut methane emissions by an average of 30%. This development is being hailed as a significant advancement for the farming industry, with Elanco's CEO Jeff Simmons describing it as 'big news'. The approval marks a critical step towards more sustainable farming practices and reducing the environmental impact of dairy farming.
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