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Brakke Consulting’s
Animal Health News & Notes for March 8, 2024
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
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IN THE NEWS:
Brakke Consulting News
Brakke Search – veterinarian position
Earnings News
Pet Valu
Other News
Arenus Animal Health
BioResource International
Ceva
Elevate Ventures
Novus
ORIX Corporation
PawCo Foods
PetSmart
Revival Animal Health
Sasaeah
Vetoquinol
Virbac
Vytelle
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Southwest Veterinary Symposium
SWVS 2024 back in Fort Worth!
Fort Worth, Texas – Fort Worth Convention Center
September 26-29, 2024
Early Bird Registration — Now Until July 31st
Greetings from Fort Worth, Texas! Registration is NOW OPEN for the Southwest Veterinary Symposium — 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.
www.swvs.org
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EARNINGS NEWS RELEASES
- Pet Valu reported results for the full year 2023. Revenue was C$1 billion ($740M), an increase of 11% compared to 2022. Net income was C$89.5 million ($65.9M), down 11% from the previous year. (Globalpets)
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Brakke Search
Executive Recruiting – veterinarian position
Veterinarians! Our client is hiring now! Are you looking for a career move out of the ordinary, one with leadership in a unique specialty clinic? Sage Veterinary Imaging seeks someone like you as Imaging Director to lead their team to help provide human-grade diagnostic imaging services to pets. They plan to open a new state-of-the-art hospital in The Woodlands, TX this spring.
This is a great opportunity for general practitioners interested in expanding their skill set. Though no advanced imaging experience is required, you will work closely with boarded experts and be given the support to pursue your own credential.
If you’re an emergency or critical care veterinarian who loves the job but not the crazy hours, this is ideal. No expected nights or weekend hours planned!
Sage offers a competitive salary and benefits package.
For the job description and details, please contact Jeff Santosuosso at: jeff@brakkeconsulting.com. To apply, please send your resume and a short cover letter. We look forward to working with you on this exciting opportunity!
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COMPANY NEWS RELEASES
- The FDA announced approval of Ceva’s Kesium (generic amoxicillin and clavulanate potassium) chewable tablets for dogs and cats. (FDA)
- Vetoquinol announced that NexHA (hyaluronate sodium) Injectable Solution is now available for purchase. The product returns to the market with FDA approval for the treatment of joint dysfunction of the carpus or fetlock in horses due to non-infectious synovitis associated with equine osteoarthritis. (company press release)
- Revival Animal Health announced the acquisition of Arenus Animal Health, a company specializing in innovative supplements and care solutions for horses. Financial terms were not disclosed. (company press release)
- Novus International announced the acquisition of enzyme company BioResource International Inc. Novus has partnered with BRI since 2008 to manufacture its protease product, CIBENZA Enzyme Feed Additive. Financial terms were not disclosed. (Feed Strategy)
- PetSmart announced the launch of MySimplePetExpress clinics at two locations in Colorado. While staffed by veterinarians, MySimplePetExpress clinics will be manned by vet techs on most days, and offer a variety of services, including vaccines, wellness consultations and nutritional advice. (com)
- Vytelle announced the opening of its 8th US-based and 17th global IVF laboratory, strategically located in the heart of Nebraska. (company press release)
- PawCo Foods, a plant-based pet nutrition brand, has raised $2 million during a seed funding round led by Elevate Ventures, as well as other angel investors. With this funding, PawCo will scale its operations by opening a second production facility in the Midwest to complement its current facility in California. (Pet Product News)
- JAPAN Virbac announced that it has signed a definitive agreement with ORIX Corporation for the acquisition of its Japan-based animal health subsidiary Sasaeah for an enterprise value of approximately EUR 280 million ($305 million). Formed through the combination of two legacy animal health providers (Fujita Pharmaceutical Co. Ltd. and Kyoto Biken Laboratories Inc.) under the stewardship of ORIX Corporation, Sasaeah generates annual revenues of about EUR 75 million ($82 million), of which 50% is from vaccines, primarily for cattle. (globenewswire)
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ANIMAL HEALTH STOCK PRICE TRACKER
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ANIMAL HEALTH NEWS
- US – FELINE HEALTH The AAFP announced the launch of the Chronic Pain Education Toolkit, an online resource designed to equip veterinary professionals with the knowledge and tools needed to effectively address feline chronic pain. (association press release)
- US – PET FOOD REGULATION The Association of American Feed Control Officials (AAFCO) is sharing its concerns for the current version of H.R.7380, the proposed federal legislation that would reduce state oversight and authority to review the marketing or labeling of pet food. H.R.7380, also called the Pet Food Uniform Regulatory Reform Act of 2024 or the PURR Act, was introduced in Congress on Feb. 15, with the intention of creating a more streamlined federal regulatory process that would prohibit state governments from directly or indirectly establishing, maintaining, implementing, or enforcing any authority or requirement relating to the marketing or labeling of pet food. AAFCO is concerned the proposed legislation, as it’s currently presented, could have negative ramifications for consumer protection, reduce pet food label transparency and jeopardize the safe advancement of pet food products. (Pet Product News)
- FDA – ANTIMICROBIAL RESISTANCE The FDA is accepting proposals through May 13, 2024 for cooperative agreement funding to support the collection of antimicrobial use data from diverse animal sectors. The cooperative agreements provide up to three awards in fiscal year (FY) 2024 for a total of $600,000, and up to five awards in FY 2025 for a total of $1,000,000. (FDA)
- WORLD – WOAH The World Organisation for Animal Health (WOAH, founded as the OIE) recently celebrated 100 years as the global authority on animal health. WOAH began as a united effort by nations to fight rinderpest – a contagious viral disease affecting cloven-hoofed animals – in the early 1920s. The organization, which is headquartered in Paris, has grown to 183 member countries. (AVMA news)
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BRAKKE CONSULTING VIEWPOINT
This week Paul Casady and I attended the Animal Health, Nutrition and Technology Innovation Europe event held in London, which was held by Kisaco Research. This was the ninth event held in Europe and nearly 600 people attended. Once again, this was a great opportunity to hear about our animal health industry, what challenges we face in the future and what new innovations are on the horizon.
Many of the topics covered at the meeting were discussed by panelists, who also answered questions from the audience. A few topics deserve mention here, like one on the role of artificial intelligence will play in animal production presented by a representative of Microsoft. In particular, one of the future challenges will be to bring all this data together so that producers will not be overwhelmed with bits of pieces of information.
Another topic for a panel discussion was “Dual Impact: Strategies to Mitigate Methane Emissions in Ruminants and Increase Productivity”, which was expertly led by Paul. I pleaded for him to joke about bovine belches, but he didn’t. Instead, he and the panel challenged us to think not with an “or” frame of mind, but with an “and” frame of mind when it comes to the environment and animal protein productivity.
Thanks to Kisaco, were able to learn more about the future of our industry and see friends that help make this a great industry.
Bob Jones
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YOUR VIEW
Last week we asked about activist investors and the impact they had on the companies they invested in. Over 60% said that it was “too hard to say – depends on the situation and the company”, 25% said that activist investors were “bad for all shareholders” and the remainder said that they were “Good for all shareholders”. So, uncertainty and skepticism win out on this topic.
This week
This week, let’s find out what you think about one of the main topics discussed this at the AHNTI-Europe event. There were several sessions on investment in animal health, funding startups and the environment for deal making this year – we heard presenters and panelists from large animal health companies, startups, private equity companies, lawyers and others.
English (United States) 
Portuguese