***********************************
Brakke Consulting’s
Animal Health News & Notes for January 10, 2025
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
************************************
IN THE NEWS:
Brakke Consulting News
Brakke Consulting 2025 Industry Overview
Brakke Consulting and Rehavior – VMX Seminar
Other News
Absci
Bully Baum
Cresilon
Doc Ackerman’s Pet Products
Emmyon
Evolution Pets
GlobalVetLink
Invetx
Monarch Raw Pet Food
Musti Group
Nutrition Strength Ltd. EOOD
Pet Essences
Petrus Veterinærer
Protia
Vet Select Formula
VetriScience
Virbac
Zhengye Biotechnology Holding
Zomedica
*****************************************
KC Animal Health Corridor
Animal Health Summit
Now Accepting 2025 Emerging Company Applications
The KC Animal Health Corridor is now accepting applications from early-stage companies to present at the 20th annual Animal Health Summit, held in Kansas City on August 25-26, 2025.
The 20th annual Summit is one of the only opportunities in the world for early-stage companies in the animal health, nutrition, diagnostic and technology sectors to present their vision, business plan and technology to potential investors.
The selection committee will consider companies that meet the following criteria:
– Seeking $500,000 – $20 million in funding, or strategic partnerships to advance a company’s technology
– Revenue projections of $20 million within 5-7 years
Applications are due by April 1. To apply to present as an emerging company, visit the Animal Health Summit application page .
For more information, contact Kimberly Young at young@thinkkc.com.
**************************************
COMPANY NEWS RELEASES
- Virbac announced a collaboration with Emmyon , a biotechnology company specializing in skeletal muscle biology, to introduce URSOLYX Soft Chews. This first-in-its-class muscle support product features ursolic acid, which targets mRNA expression in skeletal muscle. (Vet Advantage)
- Zomedica announced that it had entered into a license and supply agreement with Cresilon, Inc. to market and sell the Vetigel hemostatic gel product line on an exclusive basis in the US and on a non-exclusive basis outside the US. (morningstar.com)
- VetriScience announced the launch of HMB Healthy Muscle & Strength, a canine mobility supplement that focuses on muscles and joints, with 5 clinically supported ingredients including myHMB, Type II Collagen, Hyaluronic Acid, and CurcuVet curcumin phytosome. (company announcement)
- Protia, announced the launch of the ANITIA Equine IgE allergy testing kit. Billed as the most extensive equine allergy diagnostic tool globally, The ANITIA Equine IgE kit can detect up to 120 different allergens. (emag.medicalexpo.com)
- Absci and Invetx announced a strategic partnership to develop an innovative Half-Life Extension (HLE) platform for animal health applications. The collaboration will utilize Absci’s generative AI Drug Creation models to design novel modular antibody sequences for specific animal species. Initial applications will focus on large-market indications in canines. (globenewswire)
- Monarch Raw Pet Food, a brand of raw pet food sold in farmers markets in California, has been found to contain avian influenza virus. One house cats was has been confirmed positive with the virus, and the four cats living in the same house are presumed to be sick, as well. Last week health officials alerted consumers about a separate brand of raw pet food (Northwest Naturals) linked to the death of a cat in Oregon. (go.com)
- The FDA posted warning letters sent to six firms selling unapproved drugs that claim to treat and control seizures in dogs and cats. The following companies received warning letters: Nutrition Strength Ltd. EOOD; Evolution Pets; Doc Ackerman’s Pet Products; Energetic Essences, LLC dba Pet Essences; HD Frenchies, LLC/Bully Baum; and Vet Select Formula, Inc. (FDA)
- GlobalVetLink announced the release of its new HorseSync Progressive Web Application (PWA). Designed for equine veterinarians and their practice staff, HorseSync makes the creation and management of horse profiles faster, easier, and more reliable. (prnewswire)
- Zhengye Biotechnology Holding, a Chinese provider of veterinary vaccines with a focus on livestock, announced the pricing of its initial public offering of 1,500,000 ordinary shares at a public offering price of $4.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on January 7, 2025 under the ticker symbol ZYBT. (globenewswire)
- NORWAY Musti Group announced it is entering the Norwegian veterinary market with the acquisition of 40% of Petrus Veterinærer AS, which operates 2 veterinary clinics in the Norwegian veterinary market. (cision.com)
*********************************************
Brakke Consulting
Brakke Consulting 2025 Industry Overview
Presented at VMX: Monday, January 27th, 2-4 pm, Hyatt Regency, Plaza Intl Ballroom G
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 – What Happened in 2024, 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 VMX are Jeff Simmons, President and CEO of Elanco Animal Health, and Jay H. Price, DVM, CEO of Southern Veterinary Partners.
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 VMX
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!
*********************************************
ANIMAL HEALTH STOCK PRICE TRACKER
***********************************
ANIMAL HEALTH NEWS
- US – AVIAN INFLUENZA The U.S. Department of Health and Human Services announced it would award $306 million in funds to help bird flu monitoring, as the virus spreads in dairy herds and farm workers across the country. The U.S. Administration for Strategic Preparedness and Response will award about $183 million in funding for regional, state and local programs for hospital preparedness and pathogen treatment centers, among others. The CDC will award about $111 million to help monitor the disease as well as manufacture, store and distribute additional influenza diagnostic test kits for surveillance. The National Institutes of Health will award about $11 million for additional research into potential medicines for the disease. (Reuters)
- US – AVIAN INFLUENZA The USDA’s Animal & Plant Health Inspection Service has proposed requiring farmers to undergo a biosecurity audit before restocking their poultry after an HPAI (highly pathogenic avian influenza) detection and before receiving future indemnity payments. APHIS will accept public comments on the proposal submitted on or before March 3, 2025. (Vet Advantage)
- SPAIN – PET CARE New animal welfare laws in certain autonomous regions of Spain mean that pet owners can have certain expenses involved in their upkeep deducted as part of their tax declaration. The changes mean dogs and other pets are no longer legally considered as ‘objects’ or possessions, but rather as members of the family with the capacity to experience feelings and emotions. (Vet Advantage)
- US – ONE HEALTH The University of Minnesota is piloting a new program to bring human healthcare and animal healthcare under the same roof. The university’s College of Veterinary Medicine and College of Medicine received a grant to help facilitate this project. The clinic will be run by students with faculty supervision, and will focus on serving people who don’t have regular access to healthcare and families who are underinsured or uninsured. (Vet Advantage – com)
************************************
Brakke Consulting
Elevate Your Business with Behavioral Science
Animal health companies and veterinary practices share a common challenge: missed opportunities for growth due to ineffective communication strategies. Brakke Consulting and Rehavior are proud to announce a strategic partnership aimed at revolutionizing how these businesses interact with their clients and customers.
Join us at VMX for an insightful seminar titled “Revolutionize Your Business with Behavioral Science.” This session will explore how integrating behavioral science with evidence-based research can significantly enhance client and customer engagement.
Key Takeaways:
- Practical, personalized strategies to increase product sales and compliance.
- Methods to improve pet health outcomes and profitability.
- Insights into tailored messaging based on behavioral data, enhancing communication without additional training for your staff.
Don’t miss this opportunity to learn cutting-edge techniques that could transform your business operations. Attend our free one-hour seminar on Monday, January 27, 2025, at 11:00 AM in the Florida Ballroom BC – Convention Level
To register, click here.
************************************
BRAKKE CONSULTING VIEWPOINT
A recent analysis by Vetsource, a service provider to veterinary practices, showed that prices in companion animal practices (measured July to July) increased 7% in 2022, 10% in 2023 and 8% in 2024 – all well above the US rate of inflation. One of the primary reasons was the increased cost of labor, the largest expense category for veterinary practices. Mean starting salaries for new DVM graduates in companion animal practices reached $137,727 in 2024, compared to just $97,000 in 2020. Salaries for non-veterinary team members were up significantly as well. Now price inflation is having the expected impact: driving down demand (although revenue growth is still in positive territory).
What does this bode for the future? We’ll have much more data to share at the Brakke Industry Overview at VMX and WVC, including the results of a comprehensive Workforce Study that we recently completed. It forecasts veterinarian workforce needs to 2035. Please join us at the Overview to learn more!
John Volk, Senior Consultant
Chicago
***********************************
YOUR VIEW
In each newsletter we track stock prices for public animal health companies. Last week we asked: “Given that several public AH companies have become private, and the list is getting shorter, should we consider adding more companies?” 14% said leave as is; 36% suggested adding other multiple industry companies that have at least $100 million in animal health and nutrition revenue; another 36% suggested adding public companies where animal health represents at least 25% of revenues. The rest offered various other responses.
As you will note above, we have added a few more companies to the table. We have added a few public animal health companies that are listed on exchanges outside the US and we have added a few public companies that have significant animal health businesses. (Let us know if we should consider any additional companies.)
English (United States) 
Portuguese