The Experts in Animal Health

***********************************
Brakke Consulting’s
Animal Health News & Notes for August 27, 2021
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
************************************

IN THE NEWS:

Earnings News
Benchmark
Phibro
zooplus

Other News
AmeriVet
Anifera
Aurobindo Pharma
Boehringer Ingelheim
CareVet
Cronus Pharma
Dechra Pharmaceuticals
DVMPro
EarthWise Pet
Elanco
Intervacc
Mission Veterinary Partners
MTMC Animal Health
Performance Cattle Company
PetDesk
Pet Stuff America
Pet Stuff Franchising
PetVivo Holdings
Premier Vet Alliance
Stonehaven Incubate
Techcyte
United Vet Care
U.S. CattleTrace
Vetster.com
Zoetis (Draxxin KP)
Zoetis (Techcyte)

************************************
Southwest Veterinary Symposium
FURther Together  – LIVE and IN-PERSON!
San Antonio, Texas – Henry B. Gonzalez Convention Center
September 23-26, 2021

Advanced Registration end August 31st

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 live in-person this September in San Antonio, Texas, where

you can learn about the latest innovations and products while exploring our exhibit hall, network with other veterinary professionals, and choose from more than 400+ hours of quality CE/RACE approved sessions.

www.swvs.org

************************************
COMPANY EARNINGS RELEASES

  • Phibro Animal Health Corporation announced financial results for its fiscal year ended June 30, 2021. Animal Health net sales were $546 million, an increase of 4% over the prior fiscal year. Animal Health adjusted EBITDA was $124.0 million, up 1% compared to the prior fiscal year. (company press release)
  • Benchmark Group reported results for the third quarter of fiscal 2021. Revenue was GBP 28.3 million ($39 million), up 17% on the same period last year. Operating loss was GBP(1.2) million compared to a restated a loss GBP(4.2) million in the third quarter of last year. (Fishfarermagazine.com)
  • zooplus announced results for the first half of 2021. Total sales increased by 16% to EUR 1,002 million ($1,172 million) compared to the first half of 2020. (Globalpets)

************************************
COMPANY NEWS RELEASES

  • Zoetis announced the launch of Draxxin KP (tulathromycin and ketoprofen injection), a new single-treatment combination product to treat bovine respiratory disease and control related fever in beef and dairy cattle. (Hoards Dairyman)
  • The USDA announced it has selected Boehringer Ingelheim to continue supplying foot-and-mouth disease antigen for the National Animal Vaccine and Veterinary Countermeasures Bank, a vaccine bank that protects U.S. livestock from a potential outbreak of FMD. Boehringer Ingelheim will build on work it has done since receiving a contract in 2020 to supply the vaccine bank. (Feedstuffs)
  • Elanco Animal Health announced it is acquiring The Cattle Classification and Sorting System (CCSS) from Performance Cattle Company LLC and joins Elanco Knowledge Solutions now as PENPOINT. The technology is designed to help reduce production inefficiencies by classifying and sorting cattle to allow for more uniform feeding and an easier, more objective marketing experience. Financial terms were not disclosed. (Beef Magazine)
  • Aurobindo Pharma announced it has terminated its agreement – announced last week – to acquire 51% ownership in Cronus Pharma. (Business-standard.com)
  • Techcyte announced it has closed a $21 million funding round to accelerate commercialization of its digital clinical pathology platform. The investors in this round include Zoetis, ARUP Laboratories and investors from previous rounds. Techcyte’s image recognition and cloud-based AI algorithms form the basis for Zoetis’ Vetscan Imagyst platform. (Business Wire)
  • PetVivo Holdings, Inc. announced that the company has changed the brand name of its therapeutic osteoarthritis and lameness product to “Spryng”. Spryng with OsteoCushion Technology is a veterinary medical device comprised of millions of micronized hydrogel matrices, which are derived from collagen and elastin. (Bakersfield.com)
  • DVMPro announced it is partnering with MTMC Animal Health to offer DVMPro’s monitoring and diagnostic equipment to veterinary customers. (Vet Advantage)
  • Premier Vet Alliance announced a brand-new portal with some time saving new functionality, with a focus on home delivery & prescription management. (company press release)
  • PetDesk announced it is expanding its enterprise-level offerings with the addition of new features and tools that provide a deeper understanding of the client journey and insights on patient health outcomes. Additionally, PetDesk announced is partnering with Mission Veterinary Partners (MVP), United Vet Care, CareVet, and AmeriVet. (PRWeb)
  • com announced the launch of VetsterRx Online Pharmacy. According to the company, it is the first online pet pharmacy provided by a veterinary telehealth platform. The delivery service for pet medications is now available to Vetster customers in the US through the company’s new mobile app and at Vetster.com. (Galvnews.com)
  • EarthWise Pet, Pet Stuff America, and Pet Stuff Franchising announced an agreement to form a strategic partnership. The deal will bring 130 pet stores together under the EarthWise Pet family of brands and combine franchising support and sales efforts under one roof. (Globalpets)
  • S. CattleTrace has launched the online U.S. CattleTrace Tag Store to encourage higher uptake of RFID tracing tags. The organization has partnered with tag distributors so customers can purchase tags on the website and have them shipped to their operations. (Vet Advantage)
  • EU Intervacc has secured European approval for Strangvac, its vaccine against equine strangles. Dechra Pharmaceuticals will be the exclusive distributor of Strangvac throughout Europe, excluding the Baltic and Nordic countries where Intervacc will market the vaccine directly. (IHS Markit Connect)
  • UK Anifera, a company focused on developing adjunct therapy to improve the efficacy of antibiotics used in animal health, announced that it has received a further substantial investment from Stonehaven Incubate to develop its therapy for bovine mastitis. (company press release)

***********************************
ANIMAL HEALTH STOCK PRICE TRACKER

 

 

***********************************
ANIMAL HEALTH NEWS

  • US – ASF The USDA’s Animal and Plant Health Inspection Service (APHIS) recently announced it will be holding African Swine Fever Action Week September 13-17. The event will host a series of daily webinars allowing viewers to learn more about African swine fever and its global spread, actions APHIS is taking to safeguard the United States and biosecurity measures producers can implement now to protect the US herd. Click here for more information (Feedstuffs)
  • AUSTRALIA Researchers at the University of Western Australia (UWA) are  working on a project focused on measuring proteins in the blood of aquatic species to detect potential metabolic stress with the goal of developing a blood test to predict stress in fish. Proof-of-concept for the blood test research was funded by the Fisheries Research and Development Corporation on behalf of the Australian Government and is also currently funded by Pathfinder – a UWA proof-of-concept fund for developing technologies created at UWA. The University is now looking to scale up development of the blood test. (IHS Markit Connect)

************************************
BRAKKE CONSULTING VIEWPOINT

This week was the second edition of the digital version of KCAHC’s Animal Health Summit.  There was a wide variety of information made available both in livestream and recorded webinar formats, as well as opportunities for one-on-one virtual meetings. Congratulations to the KCAHC on successfully adapting to a new way of presenting valuable content for our industry.

One of the trends that was reinforced in a presentation at the Summit is that much of the industry’s innovation is now coming from startups – over 500 in the vet industry according to data compiled by Fabian Kausche and Stonehaven Consulting.  The breadth of the new concepts and technologies being developed to improve animal health is truly amazing.

Funding all this innovation is an unprecedented wave of private equity/venture capital entering the segment.  Pitchbook recently reported that pet companies have raised over $1.1 billion dollars thus far in over 125 animal health deals worldwide in 2021 – wow!  It’s gratifying to see the investment community embracing animal health.

Lynn Fondon

 ***********************************
YOUR VIEW

Last week we asked what your employer’s current position is on working at home versus in the office. 28% of you said the company had planned to have people return by this fall, but have now postponed the date; another 24% said your firm has a hybrid remote and in-person policy. Only 14% said that all employees who typically work in the office are back to work now.  Sounds like we have a ways to go before we are back to a pre-pandemic work environment, if ever.

This week

Over the summer, industry meetings started to offer in-person options again.  WVC is in-person in a week’s time, and others are lining up later in the fall.  Will you be attending an in-person industry conference before the end of the year?

en_USEnglish (United States)