financetom
Business
financetom
/
Business
/
Elanco Animal Health Says FDA Review Shows Methane-Reducing Cow Feed Additive Meets Rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Elanco Animal Health Says FDA Review Shows Methane-Reducing Cow Feed Additive Meets Rules
May 29, 2024 1:40 AM

04:29 AM EDT, 05/29/2024 (MT Newswires) -- Elanco Animal Health ( ELAN ) said Tuesday that the US Food and Drug Administration has determined that Bovaer, its methane-reducing feed additive, meets safety and efficacy rules for use in dairy cattle.

The finding follows a years-long scientific review, the company said. The ingredient suppresses a cow stomach enzyme that results in methane and can help contribute to climate-neutral dairy farming, it added.

"Feeding one million cows Bovaer would reduce emissions equivalent to removing more than 285,000 cars from the road for a year," the company said.

Price: 17.10, Change: -0.04, Percent Change: -0.23

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cold storage giant Lineage files for US IPO
Cold storage giant Lineage files for US IPO
Jun 26, 2024
June 26 (Reuters) - Cold storage giant Lineage on Wednesday filed for an initial public offering in the United States. ...
Croatian startup readies self-driving taxi Verne for Zagreb launch
Croatian startup readies self-driving taxi Verne for Zagreb launch
Jun 26, 2024
ZAGREB, June 26 (Reuters) - Autonomous vehicle startup Project 3 Mobility (P3), set up by the founder of Croatian electric vehicle maker Rimac Group, presented on Wednesday its self-driving robotaxi named after French writer Jules Verne ahead of a planned launch in 2026. The startup expects that its fully autonomous two-seat electric vehicle Verne will be able to run urban...
Cognizant Technology, Cengage Group Expand Tech Services Agreement
Cognizant Technology, Cengage Group Expand Tech Services Agreement
Jun 26, 2024
09:22 AM EDT, 06/26/2024 (MT Newswires) -- Cognizant Technology Solutions ( CTSH ) said Wednesday it is expanding the technology services agreement with Cengage Group to support the latter's operational efficiency and digital transformation. The information technology services company said the seven-year agreement includes operations services for finance, human resources, cloud environment management and corporate security services. Price: 68.92, Change:...
Kinaxis Names New Board Chair
Kinaxis Names New Board Chair
Jun 26, 2024
09:22 AM EDT, 06/26/2024 (MT Newswires) -- Kinaxis ( KXSCF ) , a global player in end-to-end supply chain orchestration, Wednesday named Robert Courteau as chair of the board. He will continue to serve as a member of the audit and compensation committees. Additionally, Jose Duarte has joined the board as a director. Duarte has previously held CEO roles at...
Copyright 2023-2026 - www.financetom.com All Rights Reserved