Elanco Animal Health Inc (Elanco) is a producer and seller of animal health products which include parasiticides, vaccines, therapeutics, medicated feed additives, injectable antibiotics, insecticides, antibacterial, anticoccidials, and enzymes. The company distributes its products to more than 90 countries, globally. Some of its major products as per brand name include Seresto, Rumensin, Advocate, Advantix, Maxiban, Advantix, Advantage, Advocate, Atopica, Claro, Credelio, TruCan, and Baycox, among others. It has 18 global manufacturing sites with approximately 150 CMOs in Brazil, China, France, Germany, Mexico, New Zealand, South Korea, Taiwan, Vietnam, and the US. The company in FY2022, had approximately 200 brands under its name. Elanco classifies its business operations into three product categories Pet Health, Farm Animal, and Contract Manufacturing. In FY2022, the company’s capital expenditure stood at US$184 million, which decreased 6.6% YoY.

One of the major pillars of Elanco is innovation, which benefits the company from the R&D conducted by its in-house research. New product development is one of the core business strategies of the company. The company's approach is to build or buy assets to develop new products with the help of Elanco’s scientists, and innovators; and have partnerships with academia, agribusiness, human pharmaceutical companies, agriculture, and biotechnology organizations. The company’s major focus under R&D is to create novel products with new active ingredients in seven areas across pets and farm animals: therapeutics, vaccines, monoclonals, parasiticides, pharmaceuticals, vaccines, and sustainable animal protein projects. Moreover, Elanco for its R&D development applies large and small-molecule approaches for both farm animals and pets. The company in FY2022, had R&D sites in Australia, Germany, Brazil, China, India, Switzerland, and the US. In FY2022, the company spent US$321 million on R&D, which as a percentage of revenue, stood at 7% and decreased 13% YoY. As of December 2022, the company had 6,500 patents and applications, filed in over 90 countries, and more than 14,500 trademark applications and registrations in major regions, primarily identifying products dedicated to the care of livestock and pets.