Ann: Notice of FY21 Interim Results and Investor Briefing, page-41

I don’t know about Zoono making big money through animal health, they’ve been at it for years and I haven’t seen any progress. Being a holder it would be a nice surprise though.

However as a side point: even if there is a decline in the amount of farmed animals (which I don’t think there will be),
- it will be a slow process, think about all the meat eaters in the world who loooove their meat, most people really. You really think a vast majority of them will just turn vegan overnight? I for one wouldn’t...your imaginary vegan utopia would take decades...
- real meat and livestock will demand a huge premium...each cow/pig/chicken will be worth multiples of what they are today. Farmers wont be able to afford to lose even 1 to illness, they’ll protect them however they can...

Veganism and plant based meat alternatives may be growing at a rapid rate, but it’s not causing an equally rapid decline in the alternative. Meat is definitely a staple. We will have AI automating 99% of jobs before we get rid of meat. I wouldn’t worry about the animal health market, plenty of time for Zoono to make plenty of money if they do crack it.