Over the last couple of decades, the role of our animal companions in our lives has increased.

Animal companions are an integral part of life and are considered members of the family.

U.S. consumers spent an estimated $69.4 billion on their pets in 2017, according to the American Pet Products Association, an increase of 68% from 2007 ($41.2 billion).1 In 2017, 68% of U.S. households owned a pet, which translates to an estimated 89.7 million dogs and 94.2 million cats currently living in the United States.1

Today, there is a critical need for innovative medicines for animal companions. However, there are few companies dedicated to developing such therapies. It is a growing market craving innovation.

KindredBio is focused on bringing breakthrough human products and innovative new technologies to veterinary medicine to address unmet clinical needs and provide benefits to animal companions.

Our core strategy is to leverage the billions of dollars that have been invested by other companies in human pharmaceuticals by modifying, improving, and repurposing pre-existing drugs and therapeutics that have already proven to be safe and effective in humans. For example, we are developing felinized, caninized and equinized versions of proven human biologics.

By doing so, we believe that instead of the typical 5% to 10% success rate seen with new chemical entities in traditional drug development, we can achieve 50% to 70% success rate.

In addition, we focus on efficiency and develop most of our therapeutics for an average of approximately $5 million in only 3 to 5 years. Typically, veterinary drugs reach peak sales between $10 million and $100 million per year; therefore, we believe that the return on investment is very attractive.

We are a pioneer in the animal biotech field, and we are fortunate to have one of the best scientific teams and pipelines in the industry. Our goal is to continue to build on our leadership and leverage opportunities in veterinary medicine to meet unmet needs for our animal companions.

1 American Pet Products Association. [Access Date:  January 29, 2018].  Available from:  http://www.americanpetproducts.org/press_industrytrends.asp