Zoetis' Solensia Wins European Nod For Osteoarthritis Pain In Cats

Animal health company Zoetis Inc (NYSE: ZTS) received the European Commission's marketing approval for Solensia (frunevetmab), an injectable monoclonal antibody for the alleviation of pain associated with osteoarthritis in cats.
Solensia targets Nerve Growth Factor (NGF), a key player in osteoarthritis pain. The veterinarian delivers the treatment as a monthly injection (under the skin).
In November last year, the Commission approved a similar product, Librela (bedinvetmab), for dogs.
Price Action: ZTS stock closed 4.7% lower at $160 on Friday.