In this article, we will discuss the 5 Best Pet Care Stocks to Buy for Consistent Recurring Revenue. For deeper discussion and analysis, read 7 Best Pet Care Stocks to Buy for Consistent Recurring Revenue.
5. IDEXX Laboratories, Inc. (NASDAQ:IDXX)
Short Percentage of Shares Outstanding: 2.76%
On May 26, IDEXX Laboratories, Inc. (NASDAQ:IDXX) announced the expansion of its Fecal Dx antigen testing platform to include detection of taeniid tapeworm species, including Taenia and Echinococcus. The enhanced testing capability is designed to identify a broader range of intestinal parasite infections and has been shown to detect up to twice as many infections earlier than fecal flotation alone. Beginning in late June, IDEXX Reference Laboratories customers across the United States and Canada will automatically receive taeniid tapeworm detection within Fecal Dx antigen testing panels and profiles at no additional cost, further strengthening the value of the company’s diagnostic offerings.
Previously, on May 19, IDEXX Laboratories, Inc. (NASDAQ:IDXX) announced that its SDMA renal biomarker will be integrated into Catalyst CLIPs, making comprehensive kidney function evaluation a standard component of the most used point-of-care chemistry profiles. Available to customers in the United States and Canada beginning in June, the integration is expected to improve access to advanced kidney health assessments and enable veterinarians to identify kidney function decline earlier without changing existing clinical workflows. Since launching the IDEXX SDMA Test in 2015, the company has performed approximately 119 million SDMA tests globally, demonstrating strong adoption and reinforcing the biomarker’s importance in veterinary kidney disease management.
Founded in 1983 and headquartered in Westbrook, Maine, IDEXX Laboratories, Inc. (NASDAQ:IDXX) deals in veterinary diagnostics, software, and water microbiology. It provides veterinarians with advanced in-clinic diagnostic instruments, rapid testing kits, and reference laboratory services that enable them to provide immediate, high-quality medical care to pets.
