Shares of Elanco Animal Health saw a boost in after-hours trading on Thursday following the news that the Environmental Protection Agency (EPA) has completed its review of the Seresto flea and tick collar and has confirmed its continued registration.
At 6:16 p.m. EDT, Elanco’s stock was trading 8.49% higher at $11.50 per share. The stock had already ended the day’s regular session with a 2.71% gain at $10.60 per share.
Elanco announced that, according to the EPA, Seresto meets all of the agency’s standards for registration under the Federal Insecticide, Fungicide, and Rodenticide Act. The company also emphasized that the data affirm the safety profile of Seresto.
In collaboration with the EPA, Elanco has launched a stewardship program aimed at raising the standards within the flea and tick collar category. The program includes various initiatives, such as enhanced data collection for adverse event reports, outreach to the veterinary community, and a thorough review of the collar release mechanism.
Elanco is advocating for the implementation of these measures as a new EPA standard across all flea and tick collars.
For more information, please contact Elanco Animal Health.