s & p 500 component industry pharmaceutical founded 1952 1952 headquarters florham park new jersey united states 1 area served worldwide key people juan ramon alaix ceo revenue us 04.8 billion 2014 2 net income us 0583 million 2014 2 number of employees 9500 3 website zoetis.com zoetis inc. z eh tis 4 is the world s largest producer of medicine and vaccinations for pets and livestock . 4 5 the company was a subsidiary of pfizer the world s largest drug maker but with pfizer s spinoff of its 83 % interest in the firm it is now a completely independent company . the company operates in 70 countries worldwide with recent expansions into southeast asia and china . 1 6 contemporaneous with the spinoff in june 2013 s & p dow jones indices announced that zoetis would replace first horizon national corporation in the s & p 500 stock market index . 7 contents 1 history 1.1 1950s to 2000s 1.2 2010s to present 1.2.1 2012 ipo 2 products 3 references 4 external links history edit 1950s to 2000s edit zoetis building in exton pa in the 1950s pfizer began research on several drugs including oxytetracycline . 8 john mckeen a chemical engineer with pfizer products discovered its effective use in livestock . in 1952 the pfizer agriculture division opened a 732 acre research and development facility in terre haute indiana called vigo . 8 9 by 1988 the division was renamed pfizer animal health . 8 the acquisition of glaxosmithkline s norden laboratories in 1995 boosted pfizer s animal health division into small animal care including domestic pets . 8 secondary research and development centres were opened in kalamazoo michigan in 2003 . 8 in the same year pfizer acquired pharmacia corporation for us 60 billion in stock options . 10 between 2007 and 2011 the company acquired embrex inc catapult genetics bovigen wyeth fort dodge animal health vetnex animal health ltd synbiotics corporation microtek king pharmaceuticals and alpharma . 8 these acquisitions greatly increased pfizer s market range of products countries it operated in and resources . 2010s to present edit plans to break away pfizer animal health into a separate company were officially announced in 2012 . 4 the name chosen zoetis roughly translates from the derived latin zoological word zoetic meaning pertaining to life . 4 in 2011 zoetis inc. s revenues exceeded 4.2 billion and 4.34 billion in 2012 . 11 4 the animal health industry worldwide is an estimated us 22 billion dollar industry . 4 on 22 may 2013 the wall street journal reported that pfizer plans to sell its majority stake in the company . 11 according to the report shareholders will have the option to swap their pfizer shares for zoetis shares . 11 the sell off of zoetis is consistent with pfizer s recent decision to shed other non pharmaceuticals subsidiaries in an effort to save costs raise capital and pay off debt . the company has announced that jpmorgan chase bank of america merrill lynch goldman sachs & co. and morgan stanley will be the lead underwriters . 11 in november 2014 activist investor bill ackman disclosed that pershing square capital management had taken an 8.5 % stake in the company amassing approximately 41.8 million shares causing the share price to hit its highest price since the ipo . 12 on 17 november the company announced it would acquire a portfolio of pet drugs from abbott laboratories for approximately 255 million . 13 in november 2015 the company announced it would acquire developer of aquaculture treatments and diseases pharmaq for 765 million . 14 2012 ipo edit records show that pfizer officially filed for registration of a class a stock with the u.s. securities and exchange commission on 10 august 2012 . 8 15 zoetis ipo on 1 february 2013 sold 86.1 million shares for us 2.2 billion . 16 shares sharply rose 19 % by the end of the trading day to 35.01 a share up from 26 . 4 at the time it was the largest ipo from a u.s. company since facebook s 16 billion ipo on 18 may 2012 . 6 pfizer retained 414 million class b shares giving it an 83 % controlling stake in the firm . 1 stock investors were attracted to the steep profit margin in proportion to revenue and consumer confidence in potential future growth of the subsidiary . 4 the offering s lead underwriters were jpmorgan chase bank of america merrill lynch and morgan stanley . 16 most of the money raised through the ipo was used to pay off existing pfizer debt . 4 products edit twenty eight sites in 11 countries make up zoetis manufacturing network each facility designed to meet chemical and infectious agent safety regulatory requirements . many r & d operations are co located with manufacturing sites a collaboration that allows to bring new products to market faster . zoetis builds on six decade pfizer history and aims for high tech innovative manufacturing technologies . zoetis products include 17 cerenia convenia dectomax draxxin excede excenel histostat mycitracin palladia pirsue a180 revolution pet medicine rimadyl sileo simplicef slentrol stronghold synulox references edit a b c dieterich chris 31 january 2013 . zoetis raises 2.2 billion in ipo wsj.com . the wall street journal . new york . retrieved 1 february 2013 . a b zoetis annual income statement . market watch . retrieved 2016 07 21 . zoetis inc. zts ipo nasdaq.com . nasdaq . retrieved 1 february 2013 . a b c d e f g h i shares of animal health company zoetis soar in ipo . cbs news . new york . 1 february 2013 . retrieved 1 february 2013 . zoetis raises about 2.2 billion in ipo . the associated press . new york yahoo . 1 february 2013 . retrieved 1 february 2013 . a b oran olivia ; ransdell pierson 31 jan 2013 . update 2 zoetis ipo prices at 26 ; largest us deal since facebook . reuters . new york . retrieved 1 february 2013 . zoetis to join s & p 500 a b c d e f g form s 1 . washington d.c u.s. securities and exchange commission . 10 august 2012 . retrieved 2 february 2013 . pfizer buys 732 acre vigo chemical plant . chicago daily tribune . 17 jul 1958 . p. 1 . retrieved 2 february 2013 . frank robert ; hensley scott 15 july 2002 . pfizer to buy pharmacia for 60 billion in stock . the wall street journal . retrieved 2 february 2013 . a b c d loftus peter 22 may 2013 . pfizer to spin off remaining zoetis stake . the wall street journal . retrieved 27 may 2013 . chen caroline 11 november 2014 . ackman s pershing square takes stake in drugmaker zoetis . bloomberg . chen caroline 17 november 2014 . zoetis buys abbott animal health assets in 255 million deal . bloomberg . http www.genengnews.com gen news highlights zoetis purchasing pharmaq for 765m 81251930 zoetis files ipo registration statement . bloomberg l.p. new york . 13 august 2012 . retrieved 1 february 2013 . a b j. de la merced michael 1 february 2013 . shares of zoetis surge on debut . new york times . new york . retrieved 1 february 2013 . pfizer animal health products archived 22 july 2012 at the wayback machine . external links edit zoetis.com zoetisus.com retrieved from https en.wikipedia.org w index.php title zoetis & oldid 736041362 categories companies based in morris county new jerseycompanies established in 1953companies listed on the new york stock exchangeresearch and development in the united statesmadison new jerseypharmaceutical companies based in new jerseypublicly traded companies based in new york cityveterinary medicine companieshidden categories articles with wayback machine linksuse dmy dates from april 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable 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