Companion Animal SegmentThe big surprise was the slowdown in the company's US bread-and-butter companion animal health segment, which came in flat, as the company cited a step-up in competitive activity and a decline in vet clinic visits.
Market SentimentLingering concerns about competition have weighed on sentiment, compounded by Librela commercial hiccups.
Product TimelinesTimelines for therapeutics in areas such as oncology and cardiology have been extended, which may delay potential revenue streams.