The Experts in Animal Health

Brakke Consulting’s
Animal Health News & Notes for August 26, 2022
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA

Brakke Consulting News
Equine Market MegaStudy V – now available

Earnings News
J.M. Smucker
Jaguar Health
Vimian Group

Other News
BIC Holding
Calysseo Chongqing
Cannis Lupus
Chasing Our Tails
Digi International
FHB Ventures
Pacific GeneTech
Simmons Foods
Trans Ova Genetics
trū Shrimp Companies
White Star Capital



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  • Phibro Animal Health Corporation announced financial results for its fiscal year ended June 30, 2022. Net sales of $942.3 million, a year-over-year increase of 13%. Animal Health net sales were $607 million, an increase of 11%. Net income was $49.2 million, a year-over-year decrease of 10%. (company press release) 
  • The M. Smucker Co. announced results for the first quarter ended July 31, 2022, of its 2023 fiscal year. US Retail Pet Foods net sales were $729 million, an increase of 13%. Excluding $25.1 million of noncomparable net sales in the prior year related to the divested private label dry pet food business, net sales increased 17%. Segment net profit was $120.3 million, a 51% increase. (company website) 
  • Petco Health and Wellness Company, Inc. announced its second quarter 2022 financial results. Net revenue was $1.48 billion, an increase of 3.2% driven by comparable sales growth of 3.8%. Net income decreased $61.7 million to $13.5 million, primarily impacted by a $55.4 million non-cash change in the fair value of one of the company’s investments and $10.9 million of integration-related costs incurred related to the buyout of the company’s veterinary joint venture, Thrive. Adjusted Net Income decreased $17.8 million to $49.7 million. (company press release) 
  • Vimian Group reported results for the second quarter of 2022. Revenue increased by 70% to EUR 67 million ($67 million), of which 1% was organic growth. Profit for the period was EUR 10.0 million compared to a loss of EUR(3.0) million in the year-ago period. (company website) 
  • Benchmark announced results for the third quarter of its 2022 financial year. Revenue was GBP 36.3 million ($43 million), a year-on-year increase of 31%. Adjusted EBITDA was GBP 22.4 million ($26.5 million), an increase of 82%. (Intrafish – subscription) 
  • Jaguar Health reported results for the second quarter of 2022. Gross product sales were $3.8 million, a decline of 34%. Net product sales were $2.9 million compared to net sales of $385,000 in the prior-year quarter. Animal health product sales – consisting of Canalevia-CA1 and Neonorm – were $102,000 compared to sales of $6,000 in the prior-year quarter.  (seekingalpha)


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  • VCA Animal Hospitals announced the launch of VCA Animal Hospitals Urgent Care, a new veterinary service offering that builds on VCA’s existing network of hospitals. The first Urgent Care is now open in Los Angeles, with plans for future locations around the US in the months ahead. Focused on non-life-threatening issues that should be addressed same or next day, the hospitals will be urgent care only, and will offer free teletriage. The VCA Urgent Care hospitals are the first time the company has built a new line of hospitals from the ground up. (company website)
  • Petco Health and Wellness Company, Inc. announced the launch of a WholeHearted Fresh Recipes line offering frozen nutrition for dogs. Co-developed with JustFoodForDogs, the new line is comprised of human-grade ingredients and offers an assortment of products to help support pets’ ideal weight, urinary and gut health, joint support, and skin and coat protection. (company press release)
  • YuMOVE announced the launch of multi action Dental Sticks chews for dogs. (biz)
  • Precigen, Inc. announced that it has entered into a definitive agreement for the sale of its wholly-owned subsidiary Trans Ova Genetics, L.C. to holding company URUS for $170 million in upfront cash and up to $10 million earn-out based on the performance of Trans Ova in 2022 and 2023. (Dairyherd)
  • FeverTags announced a partnership with Digi International to launch a new connected data and disease detection tag for cattle. The new tag is a second-generation tag to detect bovine respiratory disease (BRD). (IHS Markit Connect – subscription)
  • Bio-Vet announced it has added two specialized strains of Lactobacillus plantarum (proprietary strains ILP2 and ILP3) to its Equine Generator and Equine CPR feed products that support the overall microbiome performance of the digestive tract of horses. (Feedstuffs – subscription)
  • Pacific GeneTech (PGT) announced that it has secured $10 million of equity financing. New investors in this round include FHB Ventures, the Arkansas Development Finance Authority (ADFA) and Simmons Foods. The investment will allow PGT to accelerate the development and commercialization of its “Aegis” vaccine platform from poultry into swine, sheep, cats and fish. (Valdostadailytimes)
  • Kradle – a company marketing a range of hemp-derived CBD products to reduce anxiety and stress in pets – announced it has raised $4 million in Series A funding. (GlobalPets)\
  • The trū Shrimp Companies, Inc. announced the launch of its new line of pet food and treat protein ingredients: trū Protein. The line offers high-protein, low-fat shrimp-based ingredients for use in a variety of pet food and treat formulations. (Petfood Processing – subscription)
  • BIC Holding, the parent company of Chasing Our Tails, has completed a $21 million financial restructuring to support further expansion and development of its pet treat product line with an undisclosed financial partner. (Pet Product News)
  • Whisker – formerly known as AutoPets – announced an investment of $10.7 million to expand operations nationwide. The company plans to build an adjacent 150,000-square-foot warehouse facility to support expansion of its Litter-Robot automated litter box, Feeder-Robot automatic feeder, and other cat products. (GlobalPets)
  • Petfolk announced the closing of a $40 million Series A fundraise, led by White Star Capital and the founder of Freshly. Petfolk – which offers veterinary care facilities along with a proprietary technology and data platform for consumers – currently operates in North Carolina, South Carolina, Georgia, and Florida. (DVM360)
  • CHINA Calysseo Chongqing Co Ltd., a joint venture between Adisseo and protein innovator Calysta, announced completion of its industrial-scale FeedKind production facility. FeedKind is an alternative feed ingredient for the aquaculture and animal feed industry produced via natural fermentation that does not use arable land, animal or plant ingredients, and uses very little water in its production. According to the company it is the world’s first commercial-scale alternative animal feed production facility. (
  • INDIA Indian consumer goods giant Emami announced it has acquired a 30% stake in pet care start-up Cannis Lupus. With this new investment, the company seeks to roll out a range of natural, ayurvedic and chemical-free products for pets. Financial terms were not disclosed. (GlobalPets)



  • US – ADUFA The FDA announced the third Animal Drug User Fee Act (ADUFA) Stakeholder meeting, scheduled to be held virtually on Tuesday, September 6, 2022 from 10:00 am to 11:00 am eastern time. FDA greatly appreciates stakeholders’ participation in the meeting, and will be in “listening mode” during this meeting to receive feedback. Click here to join. Written comments may be also submitted to the docket at any time by clicking here(FDA)
  • US – PET INSURANCE The National Association of Insurance Commissioners (NAIC) announced it has passed the Pet Insurance Model Act, which is designed to establish appropriate regulatory standards for the pet insurance industry. Key aspects of the new NAIC model include consumer protection, pre-existing conditions, wellness programs and training requirements. (IHS Markit Connect – subscription)
  • US – VETERINARY FORENSICS Florida International University (FIU) is launching a Professional Science Master’s in Veterinary Forensic Science starting Fall 2023. In partnership with the American Society for the Prevention of Cruelty to Animals (ASPCA), the 16-month online curriculum provides those working in animal services a comprehensive skillset to oversee animal cruelty cases. (

I was interested to read in this week’s news that VCA is launching an urgent care veterinary service. It marks VCA’s first effort to build rather than acquire veterinary hospitals. But more intriguing is the business model: they plan to offer only urgent care appointments for non-life-threatening conditions, with free teletriage to determine whether a pet needs urgent care, emergency care, or routine care from their regular veterinarian. They are also offering a ‘virtual waiting room’ so clients can wait at home until it’s time for their appointment. Given the widespread concerns about long waits to see both general practitioners and emergency-only practices, this seems to fill a need in the veterinary care space.  Urgent care facilities are well-established in human medicine; it will be interesting to follow this initiative to see if the urgent care concept takes off in the veterinary space.

Lynn Fondon


Last week, we asked about experience outside your home country; 77% of you work for an organization that operates in more than one country.  Our readers are a well-traveled group: 38% have visited 6-10 countries other than their home country; 15% have visited 11-15; and another 26% have visited more than 15.  Only 21% of you had visited less than 6.

This week
What do you think about VCA’s new Urgent Care veterinary service model from a business standpoint?  Tell us whether it’s a great idea, or not-so-great, using the 5-point scale below.

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