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Brakke Consulting’s
Animal Health News & Notes for June 21, 2013
Copyright © Brakke Consulting, Inc.
Editor: Lynn Fondon DVM MBA
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IN THE NEWS:
Brakke Consulting news
recruiting
earnings news
Sanderson Farms
other news
Animal Supply
Butler Schein
Ceva
Diamond V
Dosch
IDEXX
Jinyu Baoling
Masimo
Merial
Natura
Neogen
Pet Food Limited
PFX Pet Supply
Phillips Pet Food and Supplies
Piedmont Pharmaceuticals
Vets First Choice
VetVenture Capital
VitalPet
Wholesome Pet Distributing
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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
> Sanderson Farms reported financial results for its fiscal 2013 second quarter ended April 30. Sales were $621 million, an increase of 4% compared to the prior year. Earnings were $24.4 million, an increase of 2% compared to the prior year. (Feedstuffs)
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COMPANY NEWS RELEASES
> Piedmont Pharmaceuticals announced that the FDA has approved the first application of the company’s canine soft chew formulation containing a veterinary medicine. This flavored soft chew formulation contains carprofen and is labeled for the relief of pain and inflammation from osteoarthritis and the control of post-operative pain in dogs. (PRWeb)
> Neogen Corporation announced the development of the Igenity Dairy Heifer Program, a new genomic test that reveals a heifer’s genetic potential soon after a calf is born. The test contains information on over 19,000 genetic markers for the bovine animal. (company press release)
> Diamond V announced the launch of SynGenX, a feed additive for swine that naturally supports digestive and immune system health by promoting a healthy balance of beneficial bacteria in the pig’s gastrointestinal tract. (Feedstuffs)
> Natura Pet Products announced a voluntary recall of dry pet food because it has the potential to be contaminated with Salmonella. During routine FDA testing, a single lot tested positive for the presence of Salmonella. Natura is recalling all products with expiration dates prior to June 10, 2014, including all Innova, California Natural, EVO, Healthwise, Mother Nature, and Karma branded dry pet food and biscuit treats. (CSMonitor.com, FDA)
> IDEXX announced it is partnering with laboratories worldwide to offer confirmatory pregnancy testing using milk samples with the new IDEXX Milk Pregnancy Test. The IDEXX Milk Pregnancy Test uses ELISA technology to detect pregnancy-associated glycoproteins (PAGs) and determine pregnancy status. The test is highly sensitive and specific as early as 35 days postbreeding. (company website)
> Masimo announced that Butler Schein Animal Health is now a distributor of Masimo’s line of pulse oximetry technologies. Butler Schein will carry Masimo’s Pulse CO-Oximeters with SET Measure-Through Motion and Low Perfusion pulse oximetry. (PRNewswire)
> Vets First Choice announced that it closed a $6.5 million financing led by new investor HLM Venture Partners. Existing investors also participated. The company also announced that it has registered more than a half-million pet owner subscribers via veterinary practices across the country for scheduled home delivery of medications, diets and other products. (Heraldonline.com)
> VetVenture Capital, a venture capital fund exclusively for animal health investments, has been formed with an initial fund size of $100 million. VetVenture Capital (VVC) will be focused on opportunities in both the food animal and companion animals segments. Target investment areas include products for the treatment and prevention of veterinary disease, as well as the optimization of animal health using traditional and non-traditional technologies. (Animal Pharm)
> Phillips Pet Food and Supplies announced it has acquired PFX Pet Supply and its sister companies Pet Food Limited and Pet Food Limited Colorado. The organizations will operate in the same manner as before. Financial terms were not disclosed. (Pet Business)
> Animal Supply announced it has acquired Wholesome Pet Distributing. Financial terms were not disclosed. (Pet Business)
> VitalPet announced it has acquired four veterinary hospitals in Texas. The company now has 13 locations throughout the state of Texas. (company press release)
> INDIA Merial announced it has completed the acquisition of the animal health division of Indian Dosch Pharmaceuticals Private Ltd. Dosch animal health division’s management team will continue to oversee the combined Merial/Dosch operations under the executive direction of Merial’s India country manager. (Pharmabiz.com)
> CHINA Ceva announced it has signed a protocol with Chinese partner Jinyu Baoling that will lead to the creation of a joint-venture to produce International standard brucellosis vaccines. The investment underlines the commitment of the company to both enlarge its footprint in China. (company press release)
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ANIMAL HEALTH NEWS
> US – ADUFA The FDA announced the reauthorization of the Animal Drug User Fee Act (ADUFA) and the Animal Generic Drug User Fee Act (AGDUFA). The programs are reauthorized for fiscal years 2014 through 2018. (FDA)
> US – THEILER’S DISEASE A team of US scientists has discovered that Theiler’s disease is caused by a virus, now known as Theiler’s disease-associated virus (TDAV), that shares just 35% of its amino acid sequences with its closest-known relative. Theiler’s disease causes liver failure in up to 90% of afflicted animals. The research was published in the Proceedings of the National Academy of Sciences. (Nature.com)
> US – AVMA The American Veterinary Medical Association’s (AVMA) executive board has made available to membership a detailed report that examines the association’s current governance structure and makes recommendations for a proposed system that will be “more nimble and provide for greater member involvement” in AVMA activities. The report and its appendices can be found on AVMA’s website at https://www.avma.org/About/Governance/Pages/Concepts-for-Governance-Remodeling.aspx (Vet Advantage)
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BRAKKE CONSULTING VIEWPOINT
The news this week provides examples of three sources of vibrancy within our industry. Like in other areas of life and commerce, the amount of information available is exploding. For the livestock industry, availability should lead to intelligent use that will increase efficiency and profitability in an endeavor that always seems to be under economic pressure. The second source of energy is the continuous stream of mergers and acquisitions. While it is natural to pay attention to the large transactions, the smaller ones offer entrepreneurs and investors a great deal of opportunity. And related to that, we see the more organized and professional investors taking an interest in the industry and, more importantly, providing capital for growth and innovation.
John Mannhaupt
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