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IFAH's chief executive Peter Jones gives his views on the last 25 years in the animal health industry

"The market has grown over the last 25 years, but the growth has been substantially less than the regulatory costs. The growth in turnover and sales has been dwarfed by the increase in regulatory costs and that is why we've got more consolidation in the industry. Generic companies have also grown for which the regulatory environment has become much easier.

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