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Brakke Consulting’s
Animal Health News & Notes for April 5, 2024
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
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IN THE NEWS:
Brakke Consulting News
2024 Pain Management Products report – last week for early-order discount
Animal Health Industry Attitude Survey – share your opinions with us
Earnings News
Jaguar Health
Zomedica
Other News
ACME Drugs
Animalcare
Asteris
Bridgepoint
Cambridge Technologies
ECO Animal Health Group
Identicare
Insperity
Linnaeus
Mars Veterinary Health
Merck
MiREYE Imaging
MWI
Parnell Technologies
SageTech Veterinary
The Veterinary Cooperative
VetlinkPRO
whiskerDocs
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Brakke Consulting
2024 PAIN MANAGEMENT PRODUCTS FOR DOGS AND CATS
LAST WEEK FOR EARLY-ORDER DISCOUNT
Is your company up-to-date on the latest trends in this important category? New, innovative products like LIBRELA and SOLENSIA are changing the pain management paradigm.
Brakke Consulting’s annual report on Pain Management Products for Dogs and Cats includes such valuable information as:
- estimates of US sales and prices of leading products
- review of new and upcoming pain management products, including monoclonal antibody products SOLENSIA and LIBRELA
- discussion of the use of cannabinoids in veterinary pain management
- 2024 survey of 300 small animal veterinarians regarding use of pain management products
Pain Management Products for Dogs and Cats 2024 can be purchased for $7,995 if ordered by April 12, 2024, and $8,995 thereafter. The report will be completed in May. Questions about the study can be answered by project manager Lynn Fondon, DVM, MBA at info@brakkeconsulting.com.
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EARNINGS NEWS RELEASES
- Zomedica reported consolidated financial results for the full year 2023. Revenue grew 33% to $25.2 million. Net loss for the year was $(34.5) million, compared to a net loss of $(17.0) million in 2022. (seekingalpha)
- Jaguar Health, Inc. reported consolidated financial results for the full year 2023. The combined net revenue for Mytesi and Canalevia-CA1 was approximately $9.7 million, a decrease of 18%. Revenues for the non-prescription Neonorm products were minimal. (seekingalpha)
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Animal Health Jobs
Announcing the 3rd Annual Attitude Survey
We want to hear from you!
Animal Health Jobs is excited to announce the 3rd Annual Attitude Survey for the Animal Health and Nutrition Industry. At Animal Health Jobs, we value your insights into the animal health and nutrition industry. Your opinion is valuable in helping us understand the attitudes and trends within our great industry.
The survey is short and will only take you a few minutes to complete; and all responses will be kept confidential. To say thank you for taking the time to contribute to our research, respondents will be entered into a sweepstakes for Amazon gift cards.
The survey is open now through May 17th. A white paper with the results of the survey will be published by the end of June.
To take part in the survey, please click here.
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COMPANY NEWS RELEASES
- Merck Animal Health announced it has entered into an agreement with Cambridge Technologies to sell and market its innovative autogenous poultry vaccines in the US. Cambridge Technologies vaccines are formulated and produced at its USDA-licensed, 37,000-square-foot manufacturing facility featuring state-of-the-art fermentation suites. (company press release)
- MWI Animal Health announced the addition of technology that enables veterinary practices to provide telehealth services through its AllyDVM client engagement platform. (marketscreener)
- The FDA announced the approval of Parnell Technologies‘ Contrased (generic atipamezoe hydrochloride) for the reversal of the sedative and analgesic effects of dexmedetomidine hydrochloride and medetomidine hydrochloride in dogs. (FDA)
- Veterinary imaging solutions company Asteris announced a partnership with VetlinkPRO, integrating Asteris’ Keystone Omni PACS system with VetlinkPRO and offering veterinary practices immediate, secure access to diagnostic images and data directly within the VetlinkPRO interface. (abnnewswire)
- MiREYE Imaging announced the official launch of their line of AI-based Veterinary X-ray machines in the United States. (com)
- whiskerDocs announced the issuance of its second patent, Systems and Methods for Integrating Animal Health Records. The patent supports the use of predictive models to generate personalized care recommendations for individual animals based on their health status, risk factors, and predicted outcomes combined with knowledge of the animal owner’s medical history and lifestyle. (streetinsider)
- Insperity, Inc. announced strategic partnership with The Veterinary Cooperative (TVC). The partnership combines Insperity’s HR service, technology, and business solutions with The Veterinary Cooperative’s robust network and purchasing power, creating a comprehensive HR support system for independently owned veterinary practices nationwide. (company press release)
- UK Animalcare Group announced it has sold its majority stake in its Identicare microchipping business to Bridgepoint for a cash consideration of GBP 24.9 million ($31.9M) in order to focus on pharmaceuticals. (Globalpets)
- EU ECO Animal Health Group PLC announced that it has sold its ECOmectin Horsepaste product to the Italian firm ACME Drugs for total consideration of EUR 1.3 million ($1.7 million). (marketscreener)
- UK Mars Veterinary Health, through its UK veterinary group Linnaeus and in partnership with Waltham Petcare Science Institute, announced a partnership with SageTech Veterinary to pilot an innovative anesthetic gas capture solution to help prevent harmful greenhouse gases from entering the atmosphere. SageTech’s gas-capture technology – which is currently used in human healthcare – works by capturing the waste anesthetic agent breathed out during an operation by safely adsorbing it into a specially developed reusable capture canister. (prnewswire)
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ANIMAL HEALTH STOCK PRICE TRACKER
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ANIMAL HEALTH NEWS
- US – VETERINARY WORKFORCE The American Association of Veterinary Medical Colleges (AAVMC) has issued a statement saying that the profession faces “significant shortages” of veterinarians that “are expected to continue unless the veterinary medical profession takes action.” According to AAVMC, as many as 6,000 full-time veterinarians are needed to meet workforce demand, and 50,000 veterinary nurses and technicians are needed to maximize productivity in companion animal practice. (Vet Advantage)
- US – DENTISTRY The Foundation for Veterinary Dentistry (FVD) announced the launch of the Make Me Smile Program Shelter Dentistry Grant Initiative. The initiative will provide grant funding to eligible shelter organizations in the United States, enabling them to acquire essential dental equipment and enhance the adoptability of pets in their care. In 2024, the grant amount will be $20,000 and the deadline to apply is May 1, 2024. (association press release)
- US – FELINE GENETICS A study conducted by Washington State University’s Program for Individualized Medicine identified a risk of severe adverse effects to eprinomectin in cats with the MDR1 genetic mutation. Genetically affected cats lack a protective mechanism that prevents certain drugs, including eprinomectin, from entering the brain and causing serious neurological toxicity. The findings were published in the Journal of Veterinary Pharmacology and Therapeutics. (AVMA SmartBrief – Phys.org)
- WORLD – TB VACCINE Research led by the University of Cambridge and Penn State University has shown that cattle vaccinated with Bacillus Calmette-Guérin (BCG), are directly protected against the severity of tuberculosis (TB), as well as less likely to transmit TB to other cattle. The study found that BCG vaccination reduces TB transmission in cattle by almost 90%; and vaccinated cows developed significantly fewer visible signs of TB than unvaccinated ones. This is the first study to show that BCG-vaccinated cattle infected with TB are substantially less infectious to other cattle. The research was published in the journal (Eurekalert.org)
- US – EQUINE LAMENESS Researchers funded by the Morris Animal Foundation have announced the introduction of a questionnaire to help horse owners identify and monitor signs of osteoarthritis pain in their horses, with the goal of facilitating earlier and more effective treatment, ultimately enhancing the quality of life for horses. (equus magazine)
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BRAKKE CONSULTING VIEWPOINT
In the newspaper business, this would be called a “slow news day.” Perhaps it’s a reflection of spring break season. Or maybe many are distracted by the NCAA basketball tournaments. Exciting stuff, eh? Regardless, the items in today’s newsletter are important in their own right, and reflect the expanding role of technology in animal health.
Another item notes that the American Association of Colleges of Veterinary Medicine has published a new report on the future need for veterinarians. It’s an important topic that’s getting a lot of attention. Clearly the 2020-2022 period was a bubble of veterinary demand and workforce shortages caused in part by the fact that the government pumped $5 trillion (yes, trillion) into the economy during the pandemic. People had money to spend and pets got lots of attention. Since then veterinary visits have started easing back a bit, and the percentage of veterinary practices with openings has declined, according to our most recent survey. But the veterinary job market is still strong. The fact that a dozen universities have announced plans to start veterinary medical colleges also introduces a new wrinkle. I’m sure it’s not the last we’ve heard on this topic.
John Volk
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YOUR VIEW
Last week we asked: Do you think further research should be conducted to see if other animal organs can be cultivated for human use? 84% said Yes. The other 16% are under 30 (just kidding).
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