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March 15, 2019
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Brakke Consulting’s
Animal Health News & Notes for March 15, 2019
Copyright © Brakke Consulting

Editor: Lynn Fondon DVM MBA
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IN THE NEWS:

Brakke Consulting news
AnimalHealthJobs.com

earnings news
Aratana
PetIQ

other news
Animal Profiling
Animart
Companion Animal Health
Consumers Supply Distributors
Crum & Forster Pet Insurance
DaySmart Software
Elanco
Fear Free
Meredith Corporation
Nestle Purina PetCare
Norbrook
Oxbow
PupKeep

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Southwest Veterinary Symposium
San Antonio, Texas at the Henry B. Gonzalez Convention Center
September 26-29, 2019

Early Bird Registration — Now Until July 18th

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Southwest Veterinary Symposium — a partnership of the Arkansas, Louisiana, New Mexico, Oklahoma and Texas Veterinary Medicine Associations which provides continuing education for veterinary professionals. Join us this September in San Antonio, Texas where you can learn about the latest innovations and products, network with other veterinary professionals, explore design and renovation ideas and choose from more than 390 hours of quality courses.

www.swvs.org

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COMPANY EARNINGS RELEASES

• Aratana Therapeutics, Inc. announced financial results for the full year 2018. The Company recorded $35.4 million in net revenues for the full year 2018 compared to $25.6 million in net revenues for the full year 2017, an increase of 38%. Net loss for the year was $(14.7) million compared to a net loss of $(47.5) million in 2017. (company press release)

• PetIQ, Inc. reported financial results for the full year ended December 31, 2018. Net sales for the year were $529 million, an increase of 98% compared to 2017, representing organic net sales growth of 45%. Adjusted net income was $21.6 million compared to $16.9 million in 2017, an increase of 28%. (company press release)

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COMPANY NEWS RELEASES

• Elanco Animal Health Incorporated announced that it is now a fully independent company. The exchange offer was 7.6x oversubscribed. (company press release)

• Norbrook Laboratories announced it is recalling two lots of Enroflox 100 Injection (enrofloxacin), two lots of Noromectin Injection (ivermectin) and two lots of Ivermax 1% Injection (ivermectin) to the veterinarian/consumer level as a precautionary measure as product sterility cannot be assured. To date, Norbrook has not received any reports of adverse events related to this recall. (FDA)

• Animart announced it has merged with Animal Profiling, a veterinary diagnostics and animal data firm with customers in 45 states. Animart says it plans to leverage Animal Profiling’s diagnostics to create a more personalized approach to disease prevention and treatments for its customers. Financial terms were not disclosed. (Animal Pharm)

• Nestlé Purina PetCare announced it is testing a line of pet food made with Asian carp and cricket proteins, among other unconventional protein sources, in roughly 30 Pet Supplies Plus stores in Illinois. The company launched the line under the RootLab brand name, which currently offers four formulas. (Pet Product News)

• Companion Animal Health announced the launch of three new tools: the Stance Analyzer; a smart handpiece; and the INsight System diagnostic platform. The Stance Analyzer provides weight-bearing data that rivals that of a gait walkway and can help diagnose conditions like lameness. The smart handpiece, called the Empower IQ Delivery System, comes with Companion’s CTX-IQ laser and offers both haptic and visual feedback that alert the user when they should adjust treatment speed. The INsight platform enables veterinarians to inspect the interior of joints with a small, mobile tablet-based technology. (Vet Advantage)

• Crum & Forster Pet Insurance Group, parent of ASPCA pet health insurance, announced it has added an after-hours service to help customers determine if an emergency veterinary procedure will be covered under their pet health insurance policy, and receive an estimate on how much will be reimbursed. (company press release, Todays Veterinary Business)

• Oxbow Animal Health introduced Enriched Life, a new line of natural chews, play centers, habitats and care items to meet the enrichment needs of small animals and expanded its Garden Select line. (Pet Business)

• Dr. Jan Pol, star of Nat Geo Wild’s reality television series “The Incredible Dr. Pol,” has entered into a comprehensive licensing agreement with Consumers Supply Distributors (CSD). The deal calls for CSD to develop a robust portfolio of large animal feed, large animal supplements, small animal feed, small animal supplements, companion animal feeds, companions animal supplements, companion animal (dog/cats), food, treats, snacks and toppers, which will feature the Dr. Pol brand imprint. (Pet Product News)

• Meredith Corporation, the nation’s largest brand-powered food, lifestyle and entertainment media company, and Fear Free, LLC, announced they have come together to introduce Happy Paws magazine. Written by veterinary and pet professional experts, including board-certified veterinary behaviorists, Happy Paws will assist pet owners in providing their pets with the physical and emotional care they need to live happier, healthier and fuller lives. (PRnewswire)

• DaySmart Software announced it has acquired PupKeep, a pet services cloud software company. The acquisition will allow DaySmart to expand its pet services offerings to include daycare, boarding, kenneling and training into its existing grooming salon and mobile pet grooming software. Terms were not disclosed. (Pet Product News)

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ANIMAL HEALTH NEWS

• JAPAN – CSF Japan’s outbreak of classical swine fever (CSF) has now been detected in further prefectures, prompting the government to launch a new protection scheme. The Japanese Ministry of Agriculture, Forestry and Fisheries (JMAFF) has decided to introduce a bait vaccination program for wild boar and is providing 80,000 doses of a bait vaccine for the Gifu and Aichi prefectures between March and May 2019. Additionally, the affected prefectures have been provided with budgets to expel wild boar. (Animal Pharm)

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ANIMALHEALTHJOBS.COM
The best place on the web to find qualified job applicants!

AnimalHealthJobs.com is an exceptionally capable partner for your recruiting efforts in the animal health and pet markets.

AnimalHealthJobs.com has grown to include over 30,000 pre-qualified job seekers, and consistently maintains a high degree of talent: two-thirds of our registered users have a Bachelor’s degree, and 20% have some kind of advanced degree; one-quarter have over 10 years of industry experience.

When you are seeking the best, come to AnimalHealthJobs.com – first.

www.AnimalHealthJobs.com

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BRAKKE CONSULTING VIEWPOINT

I’m intrigued with the Nestle Purina announcement that it is testing a pet food made with Asian carp and crickets. As someone who finds himself occasionally in a boat on the Illinois River, the more Asian carp caught and processed, the better. Those things are dangerous when they jump several feet out of the water as you’re speeding down the river. I’m agnostic when it comes to crickets.

On a more serious human nutrition note, if you are not familiar with the EAT-Lancet Commission, I suggest you check into it. Its goal it to move the world to a primarily plant-based diet by 2050. It’s “Food Pyramid” – more accurately a pie chart – allows for 0 to miniscule amounts of meat, milk and eggs in the daily diet. How would you feel about limiting your intake of beef, pork and lamb combined to half ounce a day? Animal agriculture as we know it would virtually disappear. EAT-Lancet’s goal flies in the face of human nature: As people’s economic lives improve, the food they crave most is animal protein. Regardless, EAT-Lancet is a well-funded group of serious scientists, though with an anti-animal agriculture bias. Please put it on your radar.

John Volk, Senior Consultant

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