***********************************
Brakke Consulting’s
Animal Health News & Notes for November 1, 2024
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
************************************
IN THE NEWS:
Brakke Consulting News
2024 Flea & Heartworm Markets report – preorder now
Earnings News
Hill’s
IDEXX
Merck
Trupanion
Vetoquinol
Other News
18 Below
Actus Nutrition
Agricen Sciences
Allivet
Amlan International
Animal Dermatology Group
Boehringer Ingelheim (metapneumovirus vaccine)
Boehringer Ingelheim (expansion)
Covetrus
Deerfield Management
Grubhub
Mella Pet Care
Merck
Milk Specialties Global
MyVet Imaging
NutriQuestPetfolk
PetSmart
Pure Treats
Tractor Supply
VetPro
Vetster
Woorien
*****************************************
Brakke Consulting
2024 US Flea Control & Heartworm Markets Report
Pre-order by November 22
Are you on top of the trends in the largest market segment in companion animal health? Brakke Consulting will soon be publishing our 2024 report on the US Flea Control and Heartworm Markets.
The report includes valuable information on the US market for small animal parasiticides including:
- Product descriptions, prices (veterinarian cost and online pricing), and sales for the leading veterinary flea, tick and heartworm products
- an overview of the veterinary and OTC flea control markets
- Upcoming new product launches, including CREDELIO QUATTRO
- 2024 survey of 300 veterinarians
- 2024 survey of 500 pet owners
The report on the US Flea Control & Heartworm Markets will be available for a purchase price of $7,495 if ordered by FRIDAY, NOVEMBER 22, and $7,995 after that date.
Please contact Dr. Lynn Fondon at 336-396-3916 or info@brakkeconsulting.com to pre-order the report, or for more information visit our website.
*********************************************
EARNINGS NEWS RELEASES
- Merck announced financial results for the third quarter of 2024. Animal Health revenues were 1,487 million, an increase of 6% (11% currency adjusted). (company press release)
- IDEXX Laboratories, Inc. announced third quarter 2024 results. Revenues were $976 million, an increase of 7% as reported and 6% organic. Net income was $233 million, an increase of 10%. Companion Animal Group revenue was $892 million, an increase of 7%. (company press release)
- Colgate-Palmolive Company reported results for third quarter 2024. Hill’s Pet Nutrition sales were $1,126 million, an increase of 6%. Hill’s operating profit was $258 million, an increase of 28%. (company press release)
- Vetoquinol SA reported results for the third quarter of 2024. Sales were EUR 133.7 million ($145 million), a decline of 1.5% as reported and an increase of 1.8% at constant exchange rates. (company website)
- Trupanion, Inc. announced financial results for the third quarter of 2024. Total revenue was $327.5 million, an increase of 15% compared to the third quarter of 2023. Net income was $1.4 million, compared to a net loss of $(4.0) million, in the prior-year quarter. (company press release)
**************************************
COMPANY NEWS RELEASES
- Merck Animal Health announced the wide availability of a new series of ALLFLEX APR handheld RFID readers. (company press release)
- The USDA has granted Boehringer Ingelheim a permit allowing for importation of its TUR-3 (Newcastle disease, avian paramyxovirosis type 3 and turkey rhinotracheitis, killed virus) vaccine. TUR-3, a killed vaccine currently licensed for use throughout Europe, will be available for primary vaccination of US turkey and chicken flocks against avian metapneumovirus (aMVP) subtype B. (Feedstuffs)
- Boehringer Ingelheim announced the grand opening of its newly expanded research and development facility in Athens, Georgia. With a capital investment of $66.1 million, this expansion includes the addition of 63,000 square feet of administrative space and over 28,000 square feet of laboratory space. (com)
- Tractor Supply Company announced it has signed a definitive agreement to acquire Allivet, a privately held online pet pharmacy. For the last several years, Allivet’s PetRx platform has been a partner with Tractor Supply to offer digital pet pharmacy service under the Tractor Supply brand. Financial terms were not disclosed. (Pet Business)
- The U.S. Attorney’s Office has reached a $1,125,000 settlement with Covetrus North America, LLC to resolve allegations that it violated the Controlled Substances Act and related regulations. (gov)
- PetSmart announced it is partnering with Grubhub to bring the pet retailer’s inventory of pet supplies to the Grubhub Marketplace. PetSmart is Grubhub’s first pet retail partner. (Pet Product News)
- Milk Specialties Global announced it has officially rebranded as Actus Nutrition. (com)
- Pure Treats, a Canadian manufacturer of dog and cat treats, food and toppers has agreed to acquire Bar W Foods & Eighteen Below Partners (18 Below) and its human-grade meat processing and freeze-drying facility in Texas. Financial terms were not disclosed. (Pet Product News)
- Woorien, Ltd, announced the launch of MyVet CT Plus. MyVet CT Plus is designed for pets of varying sizes, from small lizards to large retrievers. MyVet Imaging, Woorien’s US subsidiary, will be in charge of marketing in North America; the company will expand sales to South America, Europe, and Asia following the US launch. (cnhinews.com)
- Mella Pet Care, a developer of health monitoring devices for veterinarians and pet owners, announced a collaboration with Vetster to offer users of the Mella app in the UK, Canada, and the US access to 24/7 veterinary care through Vetster’s veterinary telemedicine marketplace. (DVM360)
- NutriQuest announced a partnership with Agricen Sciences to develop livestock and poultry technologies that will leverage Agricen Science’s R&D capabilities and technology platforms to identify microbes and metabolites that can be optimally deployed to enhance animal health. (com)
- Petfolk announced it raised a $36 million Series C led by Deerfield Management. Existing investors Movendo Capital, White Star Capital, Cutting Horse VC, Idea Farm Ventures, and Parkview International also participated. Petfolk currently has 19 urgent care clinics and expects to end the year with 25. (com)
- Animal Dermatology Group, Inc. announced it has acquired four dermatology specialty practices, expanding to over 90 doctors across 17 US states. The acquired practices are located in Baldwin, MD; Nashville, TN; Estero, FL; and Santa Barbara, CA. Financial terms were not disclosed. (Prnewswire)
- BRAZIL Amlan International, the animal health business of Oil-Dri Corporation of America announced its partnership with VetPro as a new distributor in Brazil for its mineral-based feed additives for poultry and livestock. (com)
*********************************************
ANIMAL HEALTH STOCK PRICE TRACKER
***********************************
ANIMAL HEALTH NEWS
- US – AVIAN INFLUENZA The USDA and Oregon state veterinary officials are investigating positive cases of H5N1 in a backyard farming operation in Oregon that has a mix of poultry and livestock, including swine. In addition to finding positive cases in poultry on this farm the USDA also confirmed one of the farm’s five pigs to be infected with H5N1, marking the first detection of H5N1 in swine in the United States. This farm is a non-commercial operation, and there is no concern about the safety of the nation’s pork supply as a result of this finding. (Feedstuffs)
- US – CATTLE ID Cattle ranchers and dairy farmers will need to adopt EID or RFID electronic identification for dairy cows and sexually intact cattle and bison 18 months or older, plus cows used in rodeos or show exhibitions, per a USDA rule effective Nov. 5. Farms will not need to replace plastic tags with electronic ones if they were applied prior to Nov. 5. (Vet Advantage)
- UK – CANINE HEALTH A team of researchers from the University of Cambridge has designed a machine learning algorithm to effectively detect and grade heart murmurs in canine patients with a sensitivity of 87.9% in testing, using audio recordings from electronic stethoscopes. Data were collected from nearly 800 dogs undergoing routine heart checks at 4 veterinary specialist centers in the UK. (DVM360)
************************************
BRAKKE CONSULTING VIEWPOINT
In September I attended the World One Health Congress- followed by the United Against Rabies Forum in Cape Town, South Africa.
At the WOHC, there were 1,400 participants from 87 countries, and over 70 sessions containing 400 speakers and 600 scientific posters. Certainly one of the most important forums in the discipline of One Health with a full discourse on the intersectionality of human health, animal health, and environmental health.
The impact of Animal Health in the One Health challenge cannot be underestimated and certainly we(in Animal Health) have an important role in being part of the solution in controlling diseases that could eventually affect mankind.
High Pathogenic Avian Influenza received much attention during the event as we see the virus jumping species and as of September, according to the CDC, 14 cases in humans have been identified. Plus reports of sea lions, pelicans, and other species having high mortality in the face of exposure.
At one of the panels on HPAI, the question was raised: why are we not vaccinating poultry, outside of a few countries? Certainly by doing so we could reduce significantly the amount of virus in the environment. Responses pointed primarily to the complexity of the export restrictions of countries do vaccinate. However, many feel that eventually the social pressure will be too much to allow the virus to continue as is. And there is a real fear if there is a mutation that it could become the next ‘Covid in humans’.
It is clear that HPAI is a One Health issue and my view needs to be addressed in a proper pragmatic scientific and economic approach. However, we need all the stakeholders to come together with a proper solution that involves the poultry industry, Animal Health companies, WOAH, WTO, and Governments to agree on a pathway forward to reduce the threat of HPAI.
Paul Casady
***********************************
YOUR VIEW
Last week, we asked who you think will win the World Series. 57% of you said the Dodgers, and 43% said the Yankees. Congrats to those who chose the Dodgers as the World Series champs.
English (United States) 
Portuguese