Background: Omeprazole preparations vary in bioavailability in horses. Hypothesis/Objectives: To characterize the pharmacokinetics and pharmacodynamics of an existing enteric-coated oral omeprazole paste (REF) and a novel, in-feed, enteric-coated dry granule preparation (NOV). Animals: Twelve Standardbred/Thoroughbred mares free from clinical disease. Methods: A prospective, blinded randomized interventional study was trial, conducted in 3 parts: (a) bioavailability study, (b) dose titration study, and (c) comparative clinical pharmacodynamic study, each using a blocked crossover design. Results: Consistent with the larger dose administered, Cmax (median, 1032 ng/mL; range, 576-1766) and AUC0-24 (median, 63.9 μg/mL*min; range, 42.4-152.4) were greater after single oral administration of NOV than REF (282.7 ng/mL; range, 94.8-390.2, and 319 23.8 μg/mL*min; range, 8.2-42.3, respectively; both P = .004). No differences were observed between products for absolute oral bioavailability (NOV 55% range, 15-88; REF 17% range, 10-77; P = .25). Treatment with both preparations was associated with reduced gastric squamous ulcer scores and increased pH of gastric fluid. Bioequivalence was demonstrated for pharmacodynamic measures with the exception of % time pH <4, despite differences in dose rate and subsequent plasma omeprazole concentrations. Conclusions and Clinical Importance: The findings of this study indicate that the NOV product would be a suitable alternative to the reference product, and confirm that plasma concentrations of omeprazole and omeprazole dose do not predict drug pharmacodynamics in horses. K E Y W O R D S bioavailability, enteric-coated omeprazole, gastric ulcer healing, gastric ulcers Abbreviations: AUC 0-t , area under the curve; AUMC 0-∞ , area under the first moment curve; C max , maximum plasma concentration; EGUS, equine gastric ulcer syndrome; ESGD, equine squamous gastric disease; F abs , absolute bioavailability; MRT, mean residence time; NGT, nasogastric tube; PD, pharmacodynamic; PK, pharmacokinetic; t 1/2 , half-life; Cl, clearance; T max , time to C max ; UPLC, ultra-high performance liquid chromatography; Vz, terminal volume of distribution; Vd, initial volume of distribution; Vss, steady state volume of distribution.