Dechra – just what the vet ordered. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. If your cat’s got a cough or your dog’s a bit down in the mouth [sub-editors pls chk these technical terms], chances are that the vet will prescribe something from Dechra Pharmaceuticals. Based on the £359m of annual revenues reported in this morning’s full-year results, the 20-year-old company is now one of the top 10 highest selling global veterinary medicine companies.It has become so largely through a series of acquisitions, which will likely continue. In its last financial year, it bought Putney, Genera, Brovel and Apex, to increase its market share in the US, Croatia, Mexico and Australia, respectively. This helped
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