Spending is expected to continue increasing for health-related products and medications for pets and food animals. Companies including Pfizer's animal health spinoff Zoetis, Merck & Co. and Sanofi report revenue in the billions of dollars from animal-related products alone. "People now want to take care of their pets like a family member, so they are going to the vet to get dental care, regular checkups, eye care," said Richard DeLuca Jr., president of Merck Animal Health.
Pharma's animal health sector is growing
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