PPC - Elanco Zoetis extend losses amid rising bird flu cases

Animal health companies Elanco Animal Health (ELAN -0.2%), IDEXX Laboratories (IDXX -0.4%) and Zoetis (ZTS -2.3%) have continued their recent losses on Tuesday as the U.S. deals with a rising number of avian flu outbreaks. After detections among waterfowl in mid-January along the eastern seaboard, the first related outbreak in poultry was reported in Indiana in early February, according to the Center for Infectious Disease Research and Policy (CIDRAP) of the University of Minnesota. The outbreaks have now spread to Maryland and South Dakota, increasing the number of affected states to 12 this year. The Maryland Department of Agriculture has confirmed the virus as H5N1. In a statement on Monday, the Centers for Disease Control and Prevention (CDC) said that the current H5N1 bird flu situation is mainly an animal health issue with low risk to humans. However, according to Citi analyst Navann Ty, the spread of cases could lead to restrictions or lower

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Elanco, Zoetis extend losses amid rising bird flu cases