The Experts in Animal Health

Brakke Consulting’s
Animal Health News & Notes for August 17, 2018
Copyright © Brakke Consulting, Inc.

Editor: Lynn Fondon DVM MBA

Brakke Consulting news

earnings news
Hester Biosciences
Jaguar Health

other news
Archer Daniels Midland
Charming Pet
Eli Global
Grazix Animal Health
J.W. Childs Associates
Modern Veterinary Therapeutics
Nordic Petfood
Outward Hound
Precision Health Technologies
Probiotics International
Stratford Animal Health
United Petfood


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• ImmuCell Corporation announced its financial results for the quarter ended June 30, 2018. Product sales were $3.0 million, an increase of 72% in comparison to the second quarter of 2017. Net loss was ($798,000) in comparison to a net loss of ($218,000) during the three-month period ended June 30, 2017. (company press release)

• Hester Biosciences reported results for the first quarter of its fiscal 2019. Revenues reached INR 382.6 million ($5.5 million), an increase of 32% compared to the prior-year first quarter. Hester’s net profit for the first quarter was INR 96.84 million ($1.4 million), up 57% year-on-year. (Animal Pharm)

• Jaguar Health reported results for the second quarter of 2018. Animal Health revenues were $29,676 compared to revenues of $896,521 in the comparable prior-year quarter. (company press release)

• JBS released its second-quarter financial results for 2018, reporting net revenue of 45.2 billion reals ($11.6 billion), an 8.4% increase from second quarter of 2017. The net loss was (826.9) million reals ($212 million) due to tariff impacts and the Brazilian trucker strike. JBS USA Beef posted net revenue of $5.60 billion, a 1.3% increase from the same quarter last year. JBS USA Pork posted net revenue of $1.43 billion, down 6.3% from the same period in 2017. (Feedstuffs)


• Modern Veterinary Therapeutics announced it received FDA approval for Revertidine (generic atipamezole hydrochloride) for the reversal of the sedative and analgesic effects of dexmedetomidine hydrochloride and medetomidine hydrochloride in dogs. Revertidine is a generic of Orion Animal Health’s Antisedan. (Animal Pharm)

• Eli Global LLC announced that an affiliate has acquired 100% of Stratford Pharmaceuticals, LLC / DBA Stratford Animal Health. The stock purchase of Stratford fits into Eli’s strategy to enter the global animal health industry. Stratford currently provides a wide arrangement of dermatology products veterinary hospitals in the US and 8 other countries. Financial terms were not disclosed. (Newswire)

• Precision Health Technologies LLC announced that it has been granted master distribution rights for Grazix natural animal health products in North America by LiveLeaf Inc. and its subsidiary, Grazix Animal Health Inc. Precision Health will also continue development of animal health applications for LiveExtract, the LiveLeaf plant-based immune support technology, and other formulations utilizing the benefits of phytobiologics and natural plant extracts. (Feedstuffs)

• Nexderma announced the introduction of chemical-free skincare and dermatological products. Nexderma’s Stem Gel (derived from plant stem cells) and Silvet Spray (a 30ppm colloidal silver spray) were designed to challenge and enhance treatments from common dermatological conditions to chronic wounds free from antibiotic resistance. (Veterinary Advantage)

• Tomlyn announced the launch of Chrysanphyton, the third and final product in its line of Equistro equine supplements. Chrysanphyton is formulated to support circulation and vascular function. (Todays Veterinary Business)

• Outward Hound, a portfolio company of J.W. Childs Associates, L.P., announced it has acquired Charming Pet, a dog toy manufacturer. Financial terms were not disclosed. (Pet Business)

• BabelBark, Inc., a pet related software developer, announced the completion of its Series A funding with $4.5 million. The $4.5 million represents an increase to the original Series A funding target of $2.9 million. (company press release)

• CANADA Petco announced it is expanding into Canada through an exclusive partnership with Canadian Tire, which will carry Petco’s pet food, treats, supplies and accessories online and in stores. (GlobalPets)

• UK Archer Daniels Midland Co. announced that it has successfully completed its acquisition of Probiotics International Ltd. — known under its umbrella brand as Protexin — for GBP 185 million ($235 million). Probiotics International is a U.K.-based manufacturer of innovative, research-based, natural health care and probiotic supplements for human, pet and production-animal use. (Feedstuffs)

• ROMANIA Nordic Petfood, the largest Romanian petfood producer, announced it has merged with United Petfood, a European group active in the production of dry pet food, biscuits and snacks for retailers and brand owners. Financial terms were not disclosed. (Petfood Industry)


• UK – CANINE DIAGNOSTICS Veterinarians at the University of Edinburgh’s Royal (Dick) School of Veterinary Studies have developed a blood test that quickly identifies early signs of liver disease in dogs. The test, which is based on insights from human patients, tracks levels of the blood molecule miR-122, a known marker of liver disease in humans. The research was published in the Journal of Veterinary Internal Medicine. (AVMA SmartBrief –

• US – OPIOID GUIDELINES To help address the opioid abuse epidemic, the FDA has developed a new resource containing information and recommendations specifically for veterinarians who stock and administer opioids. Details of “The Opioid Epidemic: What Veterinarians Need to Know” can be found at (FDA)

2018 KC Animal Health Corridor Events
August 20-21, 2018
Kansas City, MO

Market Insight Seminar
August 20, 3:00 – 5:00 pm
Join fellow animal health leaders in Kansas City this August for the 3rd annual KC Animal Health Corridor Market Insight Seminar. All registration proceeds will be donated to Kansas State Animal Response Team (KS SART) and KSDS Assistance Dogs, Inc.

Animal Health Corridor Homecoming Dinner
August 20, 5:00 – 9:00 pm
The KC Animal Health Corridor’s annual Homecoming Dinner is an exclusive gathering of industry leaders from around the world to celebrate global industry successes and growth.

Animal Health Investment Forum
August 21, 7:30 am – 6:00 pm
The KC Animal Health Investment Forum is one of the only opportunities in the world for early stage animal health companies to present their vision and business plan to potential investors.

For details, go to



I have spent the last few days traveling through the Midwest, visiting a number of clients and observing US agriculture in the heartland. While there are a few spots where drought was obvious, in general the 2018 food crops look great. So, feed grains should be in abundance and if the current trade disputes are not settled quickly, pricing for some feed grains could reach record lows.

One story in the newsletter that did catch my eye was the purchase of Probiotics International Ltd by ADM. The increased interest in animal health products by large nutritional firms like ADM and Cargill could be a disruption in the marketplace in the future. We’ve created a reasonably long list of possible market disruptions that could occur in animal health in the near future. We’d be pleased to share these with our clients as part of our fall industry update. Let us know if you are interested.

In discussions with both manufacturers and distributors this past week there is much optimism regarding the growth in the animal health markets in 2018. However, internet sales and channel blending in the companion animal area is on everyone’s minds as they finish off their 2019 revenue forecasts. When all the channels serving pet owners are combined, revenue in the companion animal area for services and products is on fire.

We look forward to seeing many of you in Kansas City next week.

Have a great weekend and stay cool! Fall is on the way.

Ron Brakke

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