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Brakke Consulting’s
Animal Health News & Notes for July 21, 2023
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
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IN THE NEWS:
Brakke Consulting News
Animal Health Jobs
Transaction Seminar
Earnings News
Virbac
Other News
ACJ International
The Andersons
Bimeda
Boehringer Ingelheim
Companion
Covetrus
Elanco
EmGenisys
Fear Free
Nationwide
Pooch & Mutt
ReviewTree
SignalPet
VAFO Group
VetCor
Vytelle
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Animal Health Jobs
As the scorching summer heat intensifies, so does the competition to find top talent. But fear not, at animal Health Jobs, we have the solution to help you beat the heat and attract high-quality, experienced, and talented candidates seeking meaningful careers in this industry.
To help you beat the summer heat – and the competition in talent searching, we would like to introduce our sizzling summer discount. Through August 18th , use the code sizzle25 to save 25% on every job posting and package.
So, while your competitors are melting away, you’ll be one step ahead, embracing the summer spirit and effortlessly discovering the perfect addition to your team!
Don’t let the heat hinder your search for top talent. Embrace the summer vibes and join the ranks of industry leaders who have harnessed the power of our services to elevate their teams. At checkout, use the code sizzle25 to receive your discount. Don’t have a job to post right now? Use the code to purchase future credits, all credits are good for six months. If you have questions, call us at 1-252-203-0033 or email us at info@animalhealthjobs.com. But don’t wait too long, the sizzle only last until August 18, 2023.
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EARNINGS NEWS RELEASES
- Virbac reported results for the second quarter of 2023. Revenues were EUR 295.2 million ($331 million), a decline of 1% compared to the same period of 2022 (+2% at constant exchange rates). (globenewswire)
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COMPANY NEWS RELEASES
- Boehringer Ingelheim announced that the FDA has approved NexGard PLUS (afoxolaner, moxidectin and pyrantel chewable tablets), a monthly beef-flavored soft chew that protects dogs from fleas, ticks, heartworm disease, roundworms and hookworms. NexGard PLUS will be available for veterinary clinics to order on July 31. (PRnewswire)
- Elanco Animal Health Incorporated and the U. S. EPA announced that EPA, with support from the FDA, has completed its comprehensive, multi-year review of the Seresto flea and tick collar. EPA confirms continued registration of the collar. Comprehensive data affirms the safety profile of Seresto. Following the comprehensive review, Elanco and EPA developed a stewardship program that Elanco will implement. (company press release)
- Bimeda announced that SpectoGard (generic spectinomycin sulfate) sterile solution — which received FDA approval in September of 2022 — is now available for veterinarians and cattle producers in the United States. (company press release)
- EmGenisys announced it has created what it describes as the first non-invasive and objective method to evaluate a bovine embryo’s health to improve the success rates of embryo transfer and in vitro fertilization. The company has developed a web-based platform, EmGenuity, which hosts an advanced analytics and machine learning assessment called EmVision. EmVision allows veterinarians to record 30-second videos of embryos with their smartphone, upload videos into the company’s web-based platform and receive a digital report with detailed information. (Bovine Vet)
- Vytelle announced it has expanded to Brisbane, Australia with its sixteenth global laboratory. Vytelle’s integrated technology platform combines Vytelle Advance, a breakthrough in vitro fertilization (IVF) technology, with Vytelle Sense, an animal performance data capture system, and Vytelle Insight, an artificial intelligence based genetic analytics engine. (Feedstuffs – subscription)
- Nationwide pet health insurance announce the launch of Pet HealthZone, its new online platform. The site leverages 40+ years of Nationwide claims data from millions of pets to provide customized, in-depth information about a pet’s specific health risks. (com)
- SignalPet announced a strategic collaboration with Covetrus. Per the partnership, clinics through Covetrus’ sales channel will have immediate access to SignalPet’s point-of-care radiograph interpretation solutions, which are powered by AI and machine-learning technology. (Veterinary Practice News)
- VetCor announced their expansion into Canada as a part of their strategic growth plan. (Yahoo finance)
- The Andersons has added to its pet food portfolio with the completion of its purchase of ACJ International LLC and its subsidiaries, an ingredient, logistics, and supply chain management company that focuses on the pet food ingredient industry. Financial terms were not disclosed. (Petfood Processing – subscription)
- Fear Free announced that it has applied its animal health industry-based guiding principles for how AI products should interact with companion animals with the goal of eliminating fear, anxiety, and stress. They have also announced that Companion, which provides AI based enrichment for dogs, is the first company to develop their product with these principles. (company press release)
- ReviewTree, a client experience and reputation management solution for veterinary hospitals, has released a free service — Review Response Engine — enabling veterinary hospitals to respond more efficiently and effectively to Google Reviews. ReviewTree’s system uses ChatGTP-4 to produce custom responses for each review; nothing gets posted without approval so practices can manage all content. (DVM360)
- UK British pet food manufacturer Pooch & Mutt has been acquired by Czech Republic-headquartered VAFO Group, an existing shareholder. Financial terms were not disclosed. (Globalpets)
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ANIMAL HEALTH STOCK PRICE TRACKER
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BRAKKE CONSULTING
Transaction Insights: Unlocking the Secrets to Successful Business Deals in Animal Health
New seminar coming August 30-31, 2023 in Kansas City
Are you seeking to navigate the complex landscape of buying and selling businesses in the animal health and nutrition industry? We are excited to announce the relaunch of our educational due diligence seminar, tailored specifically for animal health professionals.
It’s more than just due diligence – we will help you unlock the secrets to successful deals in animal health. Our comprehensive seminar is designed to equip you with the knowledge, tools, and strategies to make informed decisions and to successfully manage a transaction. Presenters include Bob Jones, Jim Kroman, Randy Freides, and Ron Brakke as well as Damian Burke, Main Street Capital and Mark Stoneman, Armstrong, Teasdale, LLP. The preliminary agenda can be found here.
This Seminar will be held after the KCAHC Animal Health Summit in Kansas City on Wednesday and Thursday, August 30-31. Click here to sign up today and receive a discount.
For more information, contact Amanda McDavid at amcdavid@brakkeconsulting.com or 336.396.3916.
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ANIMAL HEALTH NEWS
- WORLD – AVIAN INFLUENZA Three UN agencies — the World Health Organization, the UN Food and Agriculture Organization and the World Organization for Animal Health — have warned that a global surge of avian influenza outbreaks increases the risk of the virus spilling over to humans. The agencies urged countries to work together to save as many animals as possible and to make genetic data of viruses from animals and humans publicly available in databases. (AVMA SmartBrief – Reuters)
- US – PAIN EDUCATION The FDA’s Center for Veterinary Medicine (CVM) announce its upcoming participation in the 2023 Pain in Animals Workshop to be held on September 26-27, 2023, in Bethesda, Maryland. The workshop is hosted by the National Institutes of Health to promote animal welfare and management of pain in animals and people. (FDA)
- US – DAIRY RESEARCH researchers from Pennsylvania State University, University of Kentucky and University of Vermont have found that monitoring dairy calves with precision technologies based on the internet of things (IoT) leads to the earlier diagnosis of bovine respiratory disease, with an accuracy of 88% for labeling sick and healthy calves. The novel approach used leg bands on the calves, which recorded activity behavior data in dairy cattle; and automatic feeders, which dispense milk and grain and record feeding behavior. The findings were published in published in IEEE Access. (Feedstuffs – subscription)
- US – ASSOCIATION NAME CHANGE The American Veterinary Epidemiology Society (AVES) has changed its name to the American Veterinary One Health Society (AVOHS) to better reflect the association’s overall longstanding mission to promote the national and international One Health approach. (association press release)
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BRAKKE CONSULTING VIEWPOINT
When it comes to timely hiring of top talent, we are not alone. We reported last year hiring time worsened for 59% of our industry colleagues, with less than 10% improving. And turnover increased vs. pre-pandemic and acceptance rates declining slightly.
On the clinical side, vet tech positions were averaging 9 months to fill, with veterinary roles averaging 16!
SHRM reports that hiring time is up 40% vs pre-pandemic times. As our industry innovates into non-traditional areas such as insurance, data, wearables, consumer packaged goods, and more, we’re competing for talent there. And our competition is among the most attractive and most agile in the world. One recruiting expert offers, “One reason is that the unemployment rate is very low, so people can be very discriminating in the jobs they take. Another reason is that the hiring process in many companies is a bureaucratic mess.”
Make sure your process is accessible and convenient. Follow up promptly with applicants. A good recruiter can help improve and streamline your process thereby securing that top talent you need.
Jeff Santosuosso
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YOUR VIEW
Last week we asked about career development and opportunities. About half of you responded that development is “not very well-defined, but opportunities exist.” The remaining half were split about evenly between “well-defined with plenty of opportunities” and “no clearly defined development and hardly any opportunities.”
This week
Recently, how long is it taking you to hire qualified individuals for your open positions?
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