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Brakke Consulting’s
Animal Health News & Notes for February 28, 2025
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
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IN THE NEWS:
Brakke Consulting News
Animal Health Jobs
Brakke Consulting 2025 Industry Overview at WVC – last chance to register
Earnings News
Apiam Animal Health
Elanco
ImmuCell
J.M. Smucker
Patterson
Other News
Alltech
Alveo Technologies
American Regent
Apiam Animal Health
BinSentry
Boehringer Ingelheim
Calysta
Carevet
Connext.vet
Elanco
Golden Hour
IndeVets
Kradle
LifeLearn
Mars
Marsapet
Medgene
Planet of Plenty
Radimal
Royal GD
ScribbleVet
Tandem
Vaultek
VetRec
VetSnap
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Brakke Consulting
Brakke Consulting 2025 Industry Overview
Presented at WVC: Monday, March 3rd , 2-4 pm, Four Seasons Ballroom 4
How did the top animal health companies perform in 2024? What critical issues and new products will impact industry performance in 2025? Answers to these questions and more will be covered at Brakke Consulting’s annual Industry Overview at the VMX and WVC conferences next year. Key topics and presenters include:
- Industry and Top Global Company 2024 Performance, presented by Bob Jones
- Pets and Vets: Companion Animal Practice in Transition, presented by John Volk
- Parasiticides in Pets – Back to the Future, presented by Darrell Klug
- Regenerative Medicine ─ Future Game-Changing Therapies, presented by Mike McGinley
Also, again at both events, you will be able to hear directly from a panel of top leaders in the animal health industry. Moderated by Paul Casady, the topic for the panel will be “Opportunities and Challenges in 2025.” The panelists for WVC are Jesper Nordengaard, CEO, Dechra; and Tammi Lesser, Sr. VP, Sales & Marketing, Antech.
This information-packed 2-hour session will be especially valuable for executive leadership, sales and marketing, strategy, and finance managers and for decision makers in the animal health industry.
Click here to register for WVC
You can also email Amanda McDavid or call at 336-396-3916. 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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EARNINGS NEWS RELEASES
- Elanco Animal Health Incorporated reported its financial results for the full year 2024. Revenue was $4,439 million, flat to prior year on a reported basis (up 3% on an organic constant currency basis). Reported net income was $338 million, compared to a net loss of $(1,231) million in 2023. (company press release)
- Patterson Companies, Inc. reported operating results for its fiscal 2025 third quarter ended January 25, 2025. Reported net sales in the Animal Health segment were $972.4 million, a year-over-year increase of 0.5% (internal sales +0.2%). Segment operating income was $32.0 million, a decline of 0.4%. (company press release)
- The M. Smucker Co. announced results for the third quarter ended January 31, 2025, of its 2025 fiscal year. Net sales for the U.S. Retail Pet Foods segment were $423.0 million, a 9% decline year-over-year. Segment profit was $116.8 million, an increase of 7%. (seekingalpha)
- ImmuCell Corporation announced its unaudited financial results for the full year 2024. Product sales increased by 52% to $26.5 million during the year. Net loss was ($2,157,000) in comparison to a net loss of ($5,775,000) during the prior year. (company press release)
- Apiam Animal Health reported its results for the first half of fiscal year 2025. Revenue was A$106 million (US$66 million), an increase of by 2% compared to the previous corresponding period. Net loss after tax was A$(1.5) million, a 146% decrease from the previous period. (msn.com)
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COMPANY NEWS RELEASES
- Elanco Animal Health Incorporated announced it has entered into an agreement with Medgene to leverage the company’s innovative vaccine platform technology, including commercialization of a highly pathogenic avian influenza (HPAI) vaccine for use in dairy cattle. Medgene reports the vaccine has met all requirements of the USDA’s platform technology guidelines and is in the final stages of review for conditional license approval. (company press release)
- Boehringer Ingelheim announced the launch of VAXXITEK HVT+IBD+H5, a new trivalent vaccine for poultry that offers protection against Marek’s disease, Infectious Bursal Disease and H5 avian influenza in one shot. The vaccine will first launch in Egypt in February 2025. VAXXITEK HVT+IBD+H5 is manufactured in the US where it has been licensed since 2023; however, avian influenza vaccination is currently not permitted in the US. (company press release)
- Mars, Inc. launched the Pets and Wellbeing Study (PAWS) program to study the effects cats and dogs have on human mental health and wellbeing. PAWS is designed to be a large, 5-year research program aimed at deepening understanding about the mutual benefits of the human-animal bond, and examining how these connections affect stress, anxiety, loneliness and overall wellbeing. According to Mars, the multi-disciplinary research program will engage more than 35,000 individuals in more than 20 countries during its initial phase and is expected to continue building over time. (DVM360)
- American Regent announced the launch of a new canine osteoarthritis (OA) treatment protocol guide for veterinary practices. The guide, which was developed in collaboration with Denis Marcellin-Little, DEDV, DACVS, DACVSMR, DECVS, provides veterinarians with a framework for creating a standardized approach to diagnosing and treating canine joint disease. (company press release)
- Alltech has launched Planet of Plenty LLC, a new business entity dedicated to science-led storytelling, advocacy and educational initiatives that amplify agriculture’s vital role in creating a sustainable future. Planet of Plenty will serve as a collaborative hub for those within the agri-food community and beyond. Planet of Plenty’s flagship project is World Without Cows, a feature-length documentary. (Feedstuffs)
- Kradle introduced Cat Wellness Licks, representing its expansion into the feline market. The click-and-lick product line includes three functional solutions with varying levels of Cannabidiol (CBD) and a non-CBD formula; targeting Urinary Health, Skin & Allergy Support, and Hairball Control. (com)
- VetRec and IndeVets announced a strategic partnership. Through this partnership, IndeVets’ network of veterinarians will benefit from VetRec’s AI-powered clinical documentation software while working at animal hospitals across the country. IndeVets is the first veterinarian staffing company to integrate AI-powered scribe technology into its services for veterinarians. (company press release)
- BinSentry, an ag-tech company that develops artificial intelligence (AI) tools for animal feed supply chain efficiency and sustainability, announced Critical Event Management (CEM) – a new software add-on to the company’s feed inventory management platform. (Feedstuffs)
- ScribbleVet and LifeLearn announced an integration between two industry-leading AI-powered tools: ScribbleVet’s veterinary scribe and LifeLearn’s Sofie decision support tool. Separately, ScribbleVet announced an integration with Radimal, using the latest visit history from ScribbleVet to automatically create a radiology request in Radimal. (prnewswire, company press release)
- VetSnap announced a partnership with Vaultek, a manufacturer of smart safes. Vaultek has tailored a safe exclusively for VetSnap to help veterinary teams ensure that restocking and usage of controlled substances are seamlessly and accurately logged. VetSnap users can access safes via fingerprint, and monitor and track safe access in real time. (company press release)
- Pet healthcare startup Tandem announced it has secured $10 million in pre-seed funding. Building on its mobile clinics and telemedicine services, Tandem will launch a 5000 sq ft AI-powered health hub this summer. (businesswire)
- CareVet introduced its Premier Centers, described as a group of hospitals recognized for their clinical excellence. Each center is staffed by veterinarians and medical teams across multiple disciplines, including dermatology, dentistry, internal medicine and advanced surgical procedures. (Vet Advantage)
- Golden Hour announced it has launched new telemedicine services designed to enhance emergency and critical care for animals. The new offerings include teleradiology, ECG readings, and Tele-ICU services. (com)
- vet announced its launch for veterinary professionals. The new platform allows users to navigate veterinary conferences across species, locations and more, all in one place. Key features of Connext.vet include an Expert Database, Insider Tips to help attendees maximize their event experience, and an Event Calendar. (company press release)
- Alveo Technologies, Inc. announced that it has formalized a long-term, ongoing partnership with Royal GD to expand their joint offerings in animal health. Alveo and Royal GD have worked as close collaborators on the development of the Alveo Sense poultry avian influenza test. (com)
- AUSTRALIA Apiam Animal Health Limited announced the divestment of its underperforming equine business in Agnes Banks, NSW. This move, along with the sale of a greenfield clinic in Hastings and the exit from a US Joint Venture, is expected to reduce group revenue by approximately A$2.3 million but increase EBIT by about A$1 million. The divestment aligns with Apiam’s strategy to focus on its core veterinary services. (com)
- EU Calysta and Marsapet have launched MicroBell dry kibble, featuring FeedKind Pet protein. FeedKind is produced by controlled fermentation of naturally occurring microbes to deliver a high-quality, healthy, and sustainable source of protein. MicroBell dry kibble is a vegan, grain free, and gluten free pet food, now available in Europe. (businesswire)
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ANIMAL HEALTH STOCK PRICE TRACKER
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Animal Health Jobs
Have you ever wondered how your company’s compensation package compares to others in your industry? Animal Health Jobs is conducting our 2025 Salary Survey to help you find out.
We want to ensure you’re getting the best for your work. By participating, you’ll learn how your compensation compares to others in similar roles. All responses will be kept anonymous, and contact information will not be shared.
If you’re one of the first 100 respondents to complete the survey, you’ll be entered into a drawing for one of ten $20 Amazon eGift cards! The survey closes on Friday, March 7th, and winners will be notified by email on Monday, March 10th.
Click here to take the survey.
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ANIMAL HEALTH NEWS
- US – BRUCELLOSIS Routine brucellosis surveillance testing has identified and confirmed brucellosis-affected cattle herds in two Wyoming counties. Both herds are located within Wyoming’s Brucellosis Designated Surveillance Area (DSA). With the addition of these herds, WLSB currently has four herds under quarantine for brucellosis. (com)
- US – AVIAN INFLUENZA RESOURCES Cornell University has launched the Avian Flu Resource Center, intended to be a one-stop clearinghouse for current and trustworthy information on bird flu. The center provides an avian influenza fact sheet, links to CDC and USDA avian flu sites, and pages for those interested in current information on human health, wildlife, dairy, poultry, cats and dogs, and research. (Vet Advantage)
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BRAKKE CONSULTING VIEWPOINT
Brazil remains a powerhouse in veterinary medicine, fueled by robust growth in both companion and farm animal sectors. To stay ahead, veterinarians are increasingly turning to specialization. Currently, two-thirds of Brazil’s veterinarians have completed or are pursuing post-graduate education, reflecting the profession’s commitment to continuous learning. While expertise is well-distributed nationwide, with strengths in the North and Central-West, the Northeast offers untapped potential. Here, programs promoting advanced training are poised to elevate professional standards.
Younger veterinarians, aged 39 and under, lead the charge in specialization, showcasing a dedication to excellence that bodes well for our industry’s future. Among self-employed veterinarians, 48% without service contracts are seeking advanced qualifications to unlock new opportunities, while 21% with contracts are also enhancing their skills. These trends signal a promising outlook for veterinary education in Brazil and underscore the need for ongoing investment in specialization to maintain our high standards.
As we navigate this evolving Latin American landscape, Brakke Consulting stands ready to provide insights into Brazil’s veterinary market. Contact us to explore how we can support your strategic objectives in this dynamic industry.
Mauri Moreira
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YOUR VIEW
Last week, we asked your thoughts on veterinary telemedicine. Most of you (58%) think that it should be allowed under an existing veterinary-client-patient relationship; another 27% think it should be legal only under strict limits. 10% think it should be allowed with only a virtual VCPR, and 6% think it should not be legal at all.
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