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Brakke Consulting’s
Animal Health News & Notes for June 6, 2014
Copyright © Brakke Consulting, Inc.
Editor: Lynn Fondon DVM MBA
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IN THE NEWS:
Brakke Consulting news
Recruiting
earnings news
Hester Biosciences
Sanderson Farms
other news
Choice Genetics USA
C.J. Foods
Hill’s
Jurox
Nestle Purina
Norsvin International
Phibro
TOPIGS International
Vaccibody
VCA
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BRAKKE CONSULTING, INC.
EXECUTIVE AND SALES FORCE RECRUITING
Recruiting Means More than Resumes
At Brakke Consulting we find the right person to fit your company’s needs. As part of our executive recruiting services, we manage the entire process of identifying and recruiting top candidates, including:
• Developing metrics to help rank candidates
• Scheduling interviews and arranging for travel
• Maintaining communications with candidates
Our involvement in every step of the process helps maintain communications with candidates, allowing them to ask questions and get another perspective on the company.
For more information about our recruiting services, visit our website or call one of our consultants:
• John Mannhaupt at 972.243.4033
• Ken Berkholtz at 772.223.3079
• Jay Lockhart at 314.821.3368
www.BrakkeConsulting.com
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COMPANY EARNINGS RELEASES
> Hester Biosciences reported sales of INR 690.5 million ($11.6 million) for the fiscal year ended March 31, 2014. Net income for the year came to INR 91.7 million ($1.5 million), which was a slight improvement on the INR 90.7 million reported last year. (Animal Pharm)
> Sanderson Farms, Inc. announced results for its second fiscal quarter ended April 30, 2014. Net sales for the second quarter of fiscal 2014 were $661 million compared with $621 million for the same period a year ago. For the quarter, net income was $51.0 million, compared with net income of $24.4 million for the Q2-2013. (Feedstuffs)
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COMPANY NEWS RELEASES
> Nestlé Purina PetCare Co. has reached a proposed $6.5 million settlement with dog owners who claimed that the manufacturer’s Waggin’ Train and Canyon Creek Ranch treats sickened or killed their pets. The class-action settlement, which awaits a federal judge’s approval, would allow any US pet owner who believes the company’s Chinese-made products harmed their dog to be reimbursed not only for the treats they purchased but for any veterinary and post-death expenses incurred. The class-action settlement does not assign any blame to Nestlé Purina for pet illnesses or deaths. (VeterinaryPracticeNews)
> Hill’s Pet Nutrition, Inc. announced a voluntary recall of 62 bags of Science Diet Adult Small & Toy Breed dry dog food as they have the potential to be contaminated with Salmonella. The suspect product, part of a single production run, was distributed to 17 veterinary clinic and pet store customers in California, Hawaii and Nevada. All affected customers have been contacted by Hill’s and there have been no reported illnesses related to this product to date. (FDA)
> Phibro Animal Health announced a global exclusive license agreement with Norwegian firm Vaccibody to develop, market and sell novel vaccines for the poultry market using the Vaccibody platform technology. The technology secures efficient uptake of the antigen by the most crucial cells of the immune system, resulting in strong, durable and broad B and T cell responses against the chosen disease. (Animal Pharm)
> Jurox Pty Ltd, announced that it has selected Kansas City, Missouri, for its US headquarters. With global headquarters in Australia, Jurox also maintains commercial operations in New Zealand and the United Kingdom. (company press release)
> VCA Antech, Inc. announced that it has officially changed its name to VCA Inc. (company press release)
> Trinity Hunt Partners announced the sale of C.J. Foods, Inc., a supplier of custom manufacturing services to leading super premium pet food brands, to J.H. Whitney Capital Partners. Financial terms were not disclosed. (Business Wire)
> Choice Genetics USA, LLC has filed a plan of reorganization. The Plan proposes to pay all creditors in full, thus providing a quick exit from its Chapter 11 reorganization proceeding. Because of an unexpected and unfavorable decision by an arbitration panel on January 31, 2014, Choice filed a Chapter 11 reorganization case on February 13, 2014 in order to assure the continuation of its business, and give it time to negotiate a resolution of a contract dispute. Choice has continued to operate business as usual since the filing. (Feedstuffs)
> TOPIGS International and Norsvin International A/S have merged their international activities into a new company named Topigs Norsvin, resulting in a global swine breeding company with annual revenues exceeding $179 million. With production of more than 1.55 million crossbred gilts and 8 million doses of semen per year, Topigs Norsvin becomes one of the largest swine genetics suppliers in the world. The head office will be in Vught, Netherlands; TOPIGS Nederland, Varkens K.I. Nederland and Norsvin S.A. are not part of the merger. (Feedstuffs)
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ANIMAL HEALTH NEWS
> RUSSIA – LIVE PIGS BANNED Russia has banned the import of live pigs from the US, Canada and Mexico due to concerns over porcine epidemic diarrhea virus (PEDV). The ban also applies to untreated porcine blood products for use in animal feed. Canada and the US were respectively Russia’s second and fifth largest suppliers of live pigs last year. (Animal Pharm)
> US – SWINE DISEASES The USDA announced $26.2 million in funding to combat porcine epidemic diarrhea virus (PEDv) and porcine deltacoronavirus (PDCoV). Additionally, USDA issued a Federal Order requiring the reporting of new detections of these viruses to its Animal and Plant Health Inspection Service (APHIS) or State animal health officials. (Minnesota Farm Guide)
> US – PRRS RESEARCH A collaborative study involving Kansas State University researchers has discovered a new gene expression mechanism in porcine reproductive and respiratory syndrome (PRRS) virus. The discovery provides a new avenue for scientists to explore strategies to control and prevent the disease. (Vet Advantage)
> US – COMPOUNDING TASK FORCE The American Veterinary Medical Association announced the formation of the Task Force on Veterinary Compounding Legislation. The eight veterinarians on the task force will lead a national dialogue among veterinarians, pharmacists, drug manufacturers and the FDA to determine how they can work together to ensure veterinary compounding is done safely and effectively. Discussions will include clarification of the need for legal compounding from bulk substances, anticipatory compounding, and administering and dispensing compounds maintained in the office. (VeterinaryPracticeNews.com)
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BRAKKE CONSULTING VIEWPOINT
It was a pleasure to be able to attend the 2014 World Pork Expo in Des Moines, IA earlier this week. One of the leading topics at the Pork Expo week was the spreading porcine epidemic diarrhea virus (PEDV) in the US and around the world.
Some of the leading managers and researchers in companies and universities serving the swine industry are diligently working to develop diagnostics, vaccines and therapies to control this new disease that is challenging the profitability of many swine producers. The companies and institutions that are successful in providing solutions to this disease via innovation will do well over the next few years. When the challenge of a new disease like PEDV appears, we are always amazed at the talents and capabilities within companies and institutions to tackle the problem and find solutions.
Have a great weekend!
Ron Brakke
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