Fort Dodge nears $1bn
Fort Dodge Animal Health is on track to achieve its first billion-dollar sales year, announced Robert Essner, chairman and chief executive of parent company Wyeth. Third-quarter net global sales were up by 11% to $235m, and up by 8% to $789m in the first nine months of 2007. This was largely due to higher sales of livestock, poultry, companion animal and equine products. However, excluding the favorable impact of foreign exchange, net sales increased by 6% for the third quarter and by 4% for the first nine months. Excluding the favorable foreign exchange, total sales of Wyeth grew by 7% in the third quarter and by 4% in the first nine months.