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Brakke Consulting’s
Animal Health News & Notes for February 11, 2022
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
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IN THE NEWS:
Brakke Consulting news
2022 Industry Overview
Earnings News
Bioveta
MWI
Phibro
Other News
ABS Global
Acuity
ADM
CHW
Connecterra
CowManager
Dane Creek Capital
EBSCO Information Services
Fast Genetics
InnovaFeed
Kahuvet Group
LexaGene
Meridian Veterinary Capital
MWI Animal Health
Nextmune
Phelps Pet Products
Select Sires
Simmons Pet Food
TheraVet
United Raw
Vet-Allergy
Vimian Group (Kahuvet Group)
Vimian Group (Vet-Allergy)
Virbac
Wag Labs
Wodema
Zoetis
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Southwest Veterinary Symposium – SWVS 2022 back in Fort Worth!
Fort Worth, Texas – Fort Worth Convention Center
September 22-25, 2022
Early Bird Registration — Now Until July 31st
Steer Your Career – Registration is NOW OPEN! Southwest Veterinary Symposium is 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 Fort Worth, 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.
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EARNINGS NEWS RELEASES
- Phibro Animal Health Corporation announced financial results for its second quarter ended December 31, 2021. Animal Health net sales were $150.1 million, an increase of 11% over the prior-year quarter. (company press release)
- AmerisourceBergen reported results for the first quarter of its fiscal year 2022 ended December 31, 2021. Sales for MWI Animal Health were around $1.2 billion, an increase of 7% compared to the prior-year quarter. (IHS Markit Connect)
- Bioveta reported the results for the full year 2021. Turnover for the year was CZK2,294 million ($108 million), a year-over-year increase of 10%. (IHS Markit Connect)
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Brakke Consulting
Announcing the 2022 Brakke Industry Overview
Presented at WVC: Monday, March 7th, 2-4 pm, Four Seasons Hotel, Acacia Ballroom
We are back to being in person! Come join us at Brakke Consulting’s annual Industry Overview presented at VMX and WVC in 2022. The Overview will feature industry and top global company performance, brand new market research from companion animal veterinarians, and a closer look at the current and future use of monoclonal antibodies in veterinary medicine.
Brand new this year – led by Brakke Senior Consultant Paul Casady, a panel of industry leaders will discuss their views on the outlook for the companion animal market, so you can hear firsthand from these experts. Panelists for WVC will include:
– Mr. Randolph Legg, President and Head of Commercial Business, Boehringer Ingelheim Animal Health USA
– Mr. Steve Shell, President, MWI Animal Health
– Mr. Greg Hartmann, Chief Executive Officer, NVA
Sign up today using this link, or email Amanda McDavid or call her at 336-396-3916. Pre-registration cost is $399; there are discounts for multiple attendees from the same company. We look forward to seeing you there!
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COMPANY NEWS RELEASES
- Zoetis, CowManager and Select Sires announced they have launched a strategic collaboration to integrate genomic tools and predictive sensor systems for farmers. Through traits and indexes developed by Zoetis — including the Dairy Wellness Profit Index — and CowManager’s ear sensor technology, farmers will have access to information on health, fertility, nutritional insights and location. (Feedstuffs)
- Virbac announced the launch of Veterinary HPM Spay & Neuter Diets in the US market, a unique nutritional line tailored to meet the needs of spayed and neutered pets throughout life. Veterinary HPM Pet Nutrition is available in six formulas, which have been customized to meet specific nutritional needs by species, age, and size, including the new Junior Spay & Neuter Diets. (PRnewswire)
- AmerisourceBergen has named Steve Shell president of its Animal Health business. In his new role, Shell will lead MWI Animal Health; in addition, he will be responsible for the AllyDVM, Micro Technologies, MWI UK, and Securos Surgical businesses. Shell previously served as Senior Vice President of Commercial Operations at MWI. (company press release)
- Fast Genetics, a Canadian-based swine genetics company wholly owned by STgen, announced this week that they have acquired Acuity, an Illinois-based swine genetics company founded by The Maschhoffs. The addition of Acuity further increases Fast Genetics’ footprint in the US marketplace and will better allow both parties to serve pork producers across North America and worldwide. Financial terms were not disclosed. (Feedstuffs)
- LexaGene announced it has secured C$6.47 million (US$4.99 million) in new funding from Meridian LGH, a subsidiary of Meridian Veterinary Capital. LexaGene will use the new funding to purchase inventory for manufacturing more of its MiQLab system. (IHS Markit Connect)
- Dutch cattle monitoring start-up Connecterra announced a partnership with ABS Global to ABS deploy Connecterra’s artificial intelligence (AI)-backed Ida technology to improve the dairy farm operations in the USA. (IHS Markit Connect)
- Dane Creek Capital announced it has acquired Wodema. Wodema’s Kettle Craft soft chews and Jay’s Soft & Chewy products will be added to the United Raw brands portfolio. Financial terms were not disclosed. (GlobalPets)
- Phelps Pet Products announced an agreement with Simmons Pet Food to acquire all of the pet treat production equipment from Simmons’ facility in Arkansas. The acquisition will more than double the production capacity at Phelps and also expand its portfolio of treat-making capabilities. Financial terms were not disclosed. (Pet Product News)
- Wag Labs – a company offering on-demand and scheduled dog walking, training, and other pet care services – and CHW – a blank check company formed for the purpose of effecting a merger or similar business combination – have signed a definitive business combination agreement. Upon the closing of the transaction, the combined company is expected to be named Wag! Group Co. and is expected to be listed on the Nasdaq under the new ticker symbol PET. Wag! expects to achieve revenues of $42 million in 2022. Financial terms were not disclosed. (Pet Product News)
- InnovaFeed and ADM announced a partnership to commercialize insect protein in pet food in the US. While primarily focusing the pet food industry, InnovaFeed will also launch ingredients for human consumption later this year. (GlobalPets)
- EBSCO Information Services announced it has released Veterinary Source, a new resource with more than 250 full-text scholarly journals and magazines devoted to animal health care, designed to meet the needs of veterinarians, veterinary technicians, assistants, and students of veterinary science. (PRweb.com)
- BELGIUM TheraVet announced an exclusive partnership expanding TheraVet’s bone substitutes portfolio with a new and complementary biological bone graft product line, BIOCERA-VET SmartGraft, a unique technology combining mineral chips and bone-derived matrix developed for human orthopedic and dental applications adapted and transposed to veterinary medicine. (company press release)
- NEW ZEALAND Vimian Group announced it has acquired Kahuvet Group, a New Zealand-headquartered supplier offering veterinary surgical instruments, equipment, pharmaceuticals, consumables and orthopedic implants. The purchase price consists of an upfront payment of EUR 12.1 million ($13.8 million) financed with available funds, and potential earn-out payments of up to EUR 10.4 million subject to financial performance over three years. Kahuvet had revenues of around EUR 8.5 million ($9.7 million) in 2021 and an EBITDA of around EUR 1.6 million in 2021. (Marketscreener.com)
- DENMARK Vimian Group‘s Specialty Pharma segment Nextmune announced it has acquired Vet-Allergy, a veterinary allergy company in Denmark. Vet-Allergy has revenues of around EUR 1.3 million ($1.5 million) on an annual basis. Financial terms were not disclosed. (Biospace.com)
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ANIMAL HEALTH STOCK PRICE TRACKER
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ANIMAL HEALTH NEWS
- US – AVIAN INFLUENZA The USDA’s Animal and Plant Health Inspection Service has confirmed the presence of highly pathogenic avian influenza in a commercial turkey flock in Dubois County, Indiana. This is the first confirmed case of HPAI in commercial poultry in the United States since 2020. State officials quarantined the affected premises, and birds on the property were depopulated to prevent the spread of the disease. As part of existing avian influenza response plans, federal and state partners are working jointly on additional surveillance and testing in the nearby area. (Feedstuffs)
- CANADA – AVIAN INFLUENZA The Canadian Food Inspection Agency confirmed the presence of high pathogenic avian influenza, subtype H5N1, in a smaller commercial turkey flock in western Nova Scotia. A backyard flock, along with a wild goose, also were confirmed with H5N1 HPAI in Nova Scotia just two days prior. (Feedstuffs)
- US – BOVINE TB Michigan’s State Veterinarian announced that bovine TB was recently confirmed in one animal in a dairy herd located in Michigan’s Modified Accredited Zone. An epidemiologic investigation is being conducted to help determine the source of infection and rule out the possibility of additional cases stemming from the affected herd. (Feedstuffs)
- CANADA – CWD RESEARCH The Alberta Conservation Association (ACA) has partnered with Saskatchewan’s Ministry of Environment and Alberta Environment and Parks to provide more than Can$1.2 million ($0.94 million) to develop an oral vaccine for Chronic Wasting Disease (CWD). The funding will go to researchers at four universities in Western Canada examining five potential antigens for the vaccine and two oral delivery methods. (IHS Markit Connect)
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BRAKKE CONSULTING VIEWPOINT
Just as the industry understands Facebook, it’s time to think about TikTok. Far-fetched? Consider that Meta/Facebook’s market cap lost ¼ of its value, ¼ trillion dollars in one day last week. That drop is attributed to disappointing earnings, to a near-halt of new users. Why? Increased preference to TikTok.
TikTok’s valuation reached $280 billion last August. It boasts over 1 billion users, including 100 million here. It has more users than Twitter, Snapchat, and Instagram. 37% US of mobile users check TikTok, an eight-fold increase in less than two years.
As anticipated, users skew to the young: Nearly half of US users are between 10 and 29. Yet, adult users increased by nearly 6X in less than two years.
Why all the fuss? Think back to Facebook’s origins: remember Mafia and farm games? Our industry tends to be laggards related to media. Yet, in 2019, the AVMA observed, “Tech-savvy millennials already comprise a major animal owning group today and generations of pet owners to follow will certainly demand high-tech solutions for much if not most of the pet care they will seek. This trend will favor practices that are more technologically and temporally connected to animal owners.”
All industry players, particularly those in pet care, should consider how they can adjust to and capitalize on this rising medium.
Jeff Santosuosso
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YOUR VIEW
Last week we asked about New Year’s resolutions. Of those of you who are making them, traveling was the most common response, along with “all of them” (better physical fitness, diet, more time with family, in addition to travel); 35% chose “something else.” Given the restrictions of the past two years, we’re not surprised to see so many people hoping to do some traveling this year.
This week
Continuing the social media theme, let’s find out if our readers are on-trend:
English (United States) 
Portuguese