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Zoetis Announces Agreement To Acquire Basepaws, An Innovative Leader In Petcare Genetics, To Strengthen Its Portfolio Of Precision Animal Health Solutions

PUBLIC · ZTSJun 07, 2022

Acquiring Company

Zoetis

Acquired Company

Basepaws

ParsippanyBiotechnologyHealth CareMedicalAnimal FeedPetVeterinaryHealth Care

Description

Zoetis Inc. (NYSE:ZTS) today announced an agreement to acquire Basepaws, a privately held petcare genetics company, which provides pet owners with genetic tests, analytics and early health risk assessments that can help manage the health, wellness and quality of care for their pets. The acquisition will advance Zoetis’ portfolio in the precision animal health space and will inform and shape its future pipeline of petcare innovations. Financial terms of the agreement are not being disclosed.

Quick answer

Zoetis is acquiring Basepaws, announced June 7, 2022. Zoetis is based in Parsippany, New Jersey, United States.

How much did Zoetis pay for Basepaws?
The deal value was not disclosed.
What does Zoetis do?
As the world’s leading animal health company, Zoetis is driven by a singular purpose: to nurture our world and humankind by advancing care for animals.
Where are Zoetis and Basepaws based?
Zoetis is based in Parsippany, New Jersey, United States.
Who are the decision-makers at Zoetis?
Fundz holds 1 contact at Zoetis. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Zoetis

Location

10 Sylvan Way

Parsippany, New Jersey, United States

About

As the world’s leading animal health company, Zoetis is driven by a singular purpose: to nurture our world and humankind by advancing care for animals. After 70 years innovating ways to predict, prevent, detect, and treat animal illness, Zoetis continues to stand by those raising and caring for animals worldwide – from livestock farmers to veterinarians and pet owners. The company’s leading portfolio and pipeline of medicines, vaccines, diagnostics and technologies make a difference in over 100 countries. A Fortune 500 company, Zoetis generated revenue of $7.8 billion in 2021 with approximately 12,100 employees. For more information, visit www.zoetis.com. DISCLOSURE NOTICES Forward-Looking Statements: This press release contains forward-looking statements, which reflect the current views of Zoetis with respect to: expectations regarding the performance of acquired companies and our ability to integrate new businesses; expectations regarding the financial impact of acquisitions; business plans or prospects, future operating or financial performance, future guidance, future operating models; R&D costs; timing and likelihood of success; expectations regarding products, product approvals or products under development, expected timing of product launches; the impact of the coronavirus (COVID-19) global pandemic and any recovery therefrom on our business, supply chain, customers and employees; future use of cash, dividend payments and share repurchases; tax rate and tax regimes and any changes thereto; and other future events. These statements are not guarantees of future performance or actions. Forward-looking statements are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, or if management's underlying assumptions prove to be incorrect, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Zoetis expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, including in the sections thereof captioned “Forward-Looking Statements and Factors That May Affect Future Results” and “Item 1A. Risk Factors,” in our Quarterly Reports on Form 10-Q and in our Current Reports on Form 8-K. Such risks and uncertainties may be amplified by the COVID-19 global pandemic and its potential impact on the global economy and our business. These filings and subsequent filings are available online at www.sec.gov, www.zoetis.com, or on request from Zoetis. ZTS-COR ZTS-IR ZTS-FIN

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Frequently asked

Who acquired Basepaws?

Basepaws was acquired by Zoetis, based in Parsippany. The deal was reported on June 7, 2022. As the world’s leading animal health company, Zoetis is driven by a singular purpose: to nurture our world and humankind by advancing care for animals. Zoetis is publicly traded (ZTS) and operates in Biotechnology.

When did Zoetis acquire Basepaws?

Zoetis's acquisition of Basepaws was reported on June 7, 2022. Zoetis Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Basepaws do?

Basepaws is a petcare genetics company that builds early detection health risk tests based on genetic and microbiome data. Basepaws is committed to companion animal health research, and it has the world’s first at-home genetic testing platform for cats. It is privately held, operating in Health Care.

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