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Brakke Consulting’s
Animal Health News & Notes for January 17, 2025
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
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IN THE NEWS:
Brakke Consulting News
Brakke Consulting 2025 Industry Overview – last week to sign up for VMX
Animal Health Jobs
Earnings News
Neogen
Other News
Argenta
Ceva
Clipper Distributing (leadership change)
Clipper Distributing (PetVivo)
CUBEX
Eickemeyer Canada
GoodRx,
Kheiron S.A
Mashura
Millpledge Veterinary
Mixlab
Modern Veterinary Therapeutics
Novus International
Parnell
The Pet Apothecary
PetSmart Charities
PetVivo Holdings
Resilient Biotics
SBH Medical
Serenity Vet
Shelters United
Touchlight
Vedco
Warburg Pincus
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Brakke Consulting
Brakke Consulting 2025 Industry Overview
Presented at VMX: Monday, January 27th, 2-4 pm, Hyatt Regency, Florida Ballroom BC – Convention Level – Limited Spots Available
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!
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EARNINGS NEWS RELEASES
- Neogen Corporation announced the preliminary results of the second quarter ended November 30, 2024. Revenue was $231.3 million, an increase of 0.7% year-over-year. Net loss was $(456.3) million due to non-cash goodwill impairment related primarily to the acquisition of the former 3M Food Safety Division; adjusted Net Income was $24.4 million compared to $24.9 million in the prior-year period. Revenues for the Animal Safety segment were $67.0 million in the second quarter, an increase of 2.8%. (company press release)
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Animal Health Jobs
Read the 2024 Candidate Attitudinal Survey Results
We are excited to share the findings of the Fourth Annual Animal Health Jobs Candidate Attitudinal Survey. Building upon insights gathered in 2021 and 2022, this comprehensive survey sheds light on the evolving attitudes of job seekers in the animal health industry.
The survey responses were carefully evaluated across various demographics, including gender, job level, and years of experience, to provide a comprehensive understanding of the industry’s current state and trends. Once again, this year’s Animal Health Jobs Candidate Attitudinal Survey explored animal health industry insiders’ attitudes and perceptions about their jobs, their companies, and the industry.
In 2022 and 2023, the survey spotlighted emerging challenges in employee satisfaction and organizational stability. In 2024 we see signs that the animal health culture itself is at risk, including a doubling of the negative comments used to describe careers. New entrants and experienced individual contributors are struggling with workload and feel unappreciated. We call on industry leaders to take action and get the culture of the animal health industry back on track.
To view our full whitepaper, click here.
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COMPANY NEWS RELEASES
- Ceva Animal Health announced to being granted rights to develop and manufacture future products using Touchlight’s dbDNA technology across the animal health field. Ceva and Touchlight intend to bring innovative DNA vaccine products to market for animal health. (ai)
- Parnell announced the launch of PropofolVet Multidose, the first generic propofol injectable emulsion for dogs. The product has a 28-day in-use shelf life and no refrigeration is required. (com)
- Mixlab announced it has acquired The Pet Apothecary and the veterinary business of SBH Medical with continued financial backing from Vanterra Ventures joined by PLUS Capital. These strategic acquisitions mark a significant expansion of Mixlab’s footprint in the Midwest, tripling its network of veterinary partners in the region. Financial terms were not disclosed. (businesswire)
- Modern Veterinary Therapeutics announced the launch of Fatroseal (a sterile non antibiotic teat sealant indicated for cows entering the dry period), EquiNAC (N-Acetyl-L-cysteine granules that help support normal respiratory function in horses), and Pulmo-Clear (an aid in the treatment of equine lower respiratory disease). (company press release)
- Clipper Distributing LLC, announced that President and CEO Kevin Speltz will be stepping back from his current role to assume an advisory position in the organization as Chairman. Corey Shigematsu will succeed Mr. Speltz as President and CEO. (company press release)
- PetVivo Holdings, Inc. announced new distribution partnerships with Vedco and Clipper Distributing, LLC. (globenewswire)
- Novus International, Inc. has entered a strategic co-development partnership with Resilient Biotics, a biotechnology company pioneering innovative microbiome-based strategies, to create a novel feed solution that supports immune health and helps reduce the risk of respiratory challenges in pigs. (com)
- Argenta announced the strategic realignment of its CRO platform into two key segments: Americas CRO and Europe. (The Connector)
- Mashura, provider of CUBEX and Zimbis smart cabinet technologies, announced that it has entered a $300 million strategic partnership with a newly formed financing vehicle sponsored by Warburg Pincus. (DVM360)
- Serenity Vet announces the launch of its new relief platform, offering relief veterinarians flexible scheduling and negotiating power to achieve their financial goals, while offering clinics reliable and cost-effective staffing solutions. (company press release)
- GoodRx, an online supplier of pharmaceuticals, announced the launch of GoodRx for Pets. GoodRx coupons are designed to allow pet owners to save on common medications for dogs, cats, and other pets. (Vet Advantage)
- Shelters United announced the launch of VetOfRecord.com, a toolkit empowering shelters and rescues to secure veterinary care through strategic partnerships with veterinary professionals. The toolkit is a collaboration between Shelters United and the University of Florida’s Online Shelter Medicine Program, made possible by generous funding from PetSmart Charities. (company press release)
- CANADA UK-based Millpledge Veterinary announced a new distribution partnership with Eickemeyer Canada, effective February 2025. Eickemeyer will take over the distribution of Millpledge’s innovative range of veterinary products across Canada. (finance.yahoo.com)
- ARGENTINA Scientists from Argentine firm Kheiron S.A. introduced what they claim are the world’s first five genetically edited horses. Using the CRISPR-Cas9 technology, they modified the MSTN gene, which regulates muscle growth. The process involves selecting cells with specific mutations and ensuring traits — in this case potentially leading to increased speed and endurance in athletic horses – are heritable. (Vet Advantage)
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ANIMAL HEALTH STOCK PRICE TRACKER
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ANIMAL HEALTH NEWS
- US – ONE HEALTH The Centers for Disease Control and Prevention (CDC), the USDA, and the Department of the Interior (DOI) released the first-ever National One Health Framework to Address Zoonotic Diseases and Advance Public Health Preparedness in the United States. The One Health approach importantly provides a framework to navigate health threats shared between people and animals. (USDA)
- US – CANNABIS REGULATION The FDA’s Center for Veterinary Medicine has released a request for information (RFI) soliciting comments from the public, particularly veterinarians, related to the use of cannabis-derived products (CDP) in animals. The focus of this RFI is on cannabidiol (CBD) products and other products derived from hemp. The comment period for this RFI opens on January 16, and will be open for 90 days, ending on April 16, 2025. (FDA)
- GERMANY – FMD Germany has confirmed an infection of foot-and-mouth disease in a herd of water buffalo in Märkisch-Oderland, Brandenburg, the first FMD outbreak in nearly 40 years. Europe hasn’t had a positive case since Bulgaria in 2011. The virus has been identified as serotype O; closely related FMD viruses can be found the Middle East and Asia, however the exact origin and route of entry into livestock in Germany is still unknown. Local authorities have taken control and protection measures. (Feedstuffs)
- US – AVIAN INFLUENZA The USDA announced that it will rebuild a stockpile of avian influenza vaccines for poultry that match the strain of the virus circulating in commercial flocks and wild birds. The U.S. built a poultry vaccine stockpile after the prior major bird flu outbreak in 2014 and 2015, though the vaccines were never used. The outbreak, which began in poultry in early 2022, has killed more than 130 million commercial, backyard and wild birds in all 50 states. (reuters)
- UK – HORSE GENETICS Researchers at Royal Veterinary College have identified of a global gene expression signature associated with the genetic risk of catastrophic fracture in iPSC-derived osteoblasts in Thoroughbred horses. A deeper understanding of these genes and their DNA variants which underpin their differential expression may reveal more about the molecular mechanisms that are involved in equine bone health and fracture risk. The research was published in Wiley Online Library. (wiley.com)
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BRAKKE CONSULTING VIEWPOINT
That there are a number of concerning trends in animal diseases right now. There’s the ongoing problem with highly pathogenic avian influenza in both birds and dairy cows; Mexico’s announcement of new world screwworm; the detection of African Swine Fever on Caribbean islands, and this week the first case of foot-and-mouth disease in Germany in 40 years, to name a few.
Our government in the US seems to be taking the threat of foreign diseases seriously. USDA is establishing a Swine Health Improvement Program that will monitor for ASF and CSF. They have earmarked $165 million in emergency funding for protecting US livestock from screwworm, and are rebuilding the government’s avian influenza vaccine stockpile.
We have already seen instances of species-hopping in these viruses – for example, avian influenza has sickened both cows and cats, as well as a few people. For that reason, it’s imperative that the One Health approach becomes the standard in both human and animal healthcare moving forward. The US Government’s newly released National One Health Framework is a step in the right direction. Now it’s time to implement their recommendations and to work collaboratively to address threats and public health preparedness.
Lynn Fondon
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YOUR VIEW
Last week, we asked about your thoughts on veterinary price inflation in 2025. Most of you thought it would be either 6-8% (42%) or 3-5% (39%). 10% said it would be 2% or less; 4% said 9-10%; and 6% said greater than 10%.
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