To get a complete overview of Boehringer Inghelheim Vetmedica Dr. Steve Peterson, DVM, Senior Manager, spoke to the media gathered in St. Joseph, MO recently.
Steve started out his presentation showing us a Flomax commercial as an example of how diverse the parent company is. BI is a family owned company that was started in 1885 and he calls the animal health side of the business “the tip of the dog’s tail.” It is the largest family owned pharmaceutical company in the world with sales last year of $17 Billion. On the human side of the business you might also recognize OTC products like Dulcolax and Zyrtec. With the acquisition of the Ft. Dodge Animal Health products he expects the animal health annual sales in the range of $1 Billion.
When it comes to the BI commitment to animal health Steve says the family owns animals and is very committed to this side of their business. He says that although the past year has been tough economically in some industries, BIVI has seen increases in its business and that “products have continued to grow beyond budget.”
You can listen to my interview with Steve below.