Animal Health News & Notes for November 15, 2024

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Brakke Consulting’s
Animal Health News & Notes for November 15, 2024
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
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IN THE NEWS:
Brakke Consulting News
2024 Flea & Heartworm Markets report – last week for early-order discount

Earnings News
ImmuCell
Inspire Veterinary Partners
Maple Leaf Foods
Musti Group
Zomedica

Other News
BARK
Bimeda
Ceva
Chou2 Pharma
Elanco (Experior)
Elanco (SEC)
General Mills
IDEXX
Merck
Novacyt
NXMH
Ralco
Sow Magic
Vaxinano
Vetoquinol
Whitebridge Pet Brands

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Brakke Consulting
2024 US Flea Control & Heartworm Markets Report
Last week for early-order discount

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.

www.BrakkeConsulting.com

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EARNINGS NEWS RELEASES

• Zomedica reported consolidated financial results for the third quarter of 2024. Revenue was $7.0 million, an increase of 10%. Net loss was $(6.7) million compared to a net loss of $(0.5) million for the prior-year period. (seekingalpha)
• ImmuCell Corporation announced its unaudited financial results for the third quarter of 2024. Product sales increased by 11% to $6 million . Net loss was $(702,000) in comparison to a net loss of $(940,000) during the prior-year quarter. (company press release)
• Inspire Veterinary Partners, Inc. reported its financial results for the third quarter of 2024. Total revenue was approximately $4.0 million, a decrease of 2%. Net loss was $(3.5) million compared to a net loss of $(7.9) million for the prior year period. (com)
• Maple Leaf Foods reported its financial results for the third quarter ending Sept. 30. Sales were $1,260 million, an increase of 2%. Adjusted EBITDA rose to $141 million. (Feedstuffs)
• Finnish company Musti Group announced results for the third quarter of 2024. Net sales were EUR 111.5 million ($119.5M), an increase of 1% against the same period last year. (globalpets) 

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COMPANY NEWS RELEASES

• Merck Animal Health announced FDA approval of Safe-Guard Aquasol (fenbendazole oral suspension) for use in backyard chicken flocks, making it the only FDA-approved chicken dewormer designed for home use. (Feedstuffs)
• The FDA announced it has approved three combination clearances of Elanco’s Experior and MGA in finishing heifers: Experior and MGA; Experior, Rumensin and MGA; and Experior, Rumensin, Tylan Premix and MGA. Experior is the first FDA-approved product with a gas emissions claim to help reduce ammonia gas emissions per pound of live weight and hot carcass weight for beef steers and heifers fed in confinement. (Beef Magazine)
• Elanco Animal Health has agreed to pay a $15 million civil fine to settle U.S. Securities and Exchange Commission anti-fraud charges for misleading investors about its revenue growth and end-user demand in 2019 and 2020. Elanco did not admit or deny wrongdoing in agreeing to settle. (Reuters)
• The American College of Veterinary Internal Medicine (ACVIM) announced a new endorsement partnership with IDEXX Laboratories, Inc., of complimentary resident-focused educational resources through their SpringBoard program. (businesswire)
• Ceva Animal Health announced the launch of Ceva Genesys for automatic and accurate broiler male and female separation at hatch to achieve better flock homogeneity. (thepoultrysite)
• Bimeda announced the introduction of ready-to-use MoxiSolv Injection (generic moxidectin) for beef and dairy cattle, available in a convenient, non-shattering 500 mL plastic bottle. (company press release)
• General Mills, Inc. announced it has entered into a definitive agreement to acquire Whitebridge Pet Brands’ North American premium Cat feeding and Pet treating business from NXMH in a transaction valued at $1.45 billion. The North American Whitebridge Pet Brands business generated approximately $325 million in U.S. Nielsen-measured retail sales in the past twelve months. As part of the transaction, General Mills will assume operations of two manufacturing facilities in Missouri. NXMH will retain Whitebridge Pet Brands’ European business and brands. (company press release)
• Chou2 Pharma LLC, a company focused on advancing the therapeutic use of cannabinoid molecules in veterinary medicine, announced that it has opened a portfolio of INAD files with CVM. The new drug indications Chou2 Pharma is pursuing will be targeting therapeutic needs of companion animals and will be developed utilizing Chou2 Pharma’s precision cannabinoid formulating platform. (company press release)
• Ralco announced the acquisition of Sow Magic, a product combining natural ingredients with proven science to address the issue of sow mortality. Financial terms were not disclosed. (Feedstuffs)
• BARK announced it is launching its flagship subscription product BarkBox in retail for the first time in Target stores nationwide beginning Dec. 1. (Pet Business)
• FRANCE Biotech company Vaxinano announced an exclusive license agreement with Vetoquinol to develop its leading canine leishmaniasis vaccine candidate utilizing Vaxinano’s proprietary nanoparticle technology. (prnewswire)
• UK Novacyt announced the launch of two new multiplex qPCR tests for detecting gastrointestinal diseases in cats and dogs, debuting at the London Vet Show. These tests streamline the detection of six crucial pathogens. (com)

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ANIMAL HEALTH STOCK PRICE TRACKER

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ANIMAL HEALTH NEWS

• US – APHIS FEES The USDA’s Animal and Plant Health Inspection Service (APHIS) is seeking public comment on proposed changes to its user fees for veterinary diagnostic goods and services, along with veterinary services for imports and exports of live animals and animal products. APHIS has not adjusted its fees for veterinary services since 2012. (Feedstuffs)
• US – VACCINE GUIDELINES The American Animal Hospital Association 2023 Canine Vaccination Guidelines have been updated to reflect a change in status of the leptospirosis vaccine from non-core to core. AAHA said that mounting evidence highlights the increasing risk of exposure to dogs as well as the improved safety profile of vaccines for leptospirosis. (Vet Advantage)
• US – HORSE RACING The Horseracing Integrity and Safety Authority (HISA) – horse racing’s federal oversight agency – has launched Horse In-Sight, a digital tool for regulatory veterinarians that provides a holistic view of a horse’s health and performance through its career and medical history. The Horse In-Sight tool uses a graph of a horse’s career charted through high-speed furlongs over time with races, workouts and scratches. It also filters for type of treatment, injury outcome and veterinary list status and compares multiple horses through a Race Day tab allowing insight into injections and injuries. (Fox Sports)
• US – POULTRY RESEARCH USPOULTRY and the USPOULTRY Foundation announced the completion of a funded research project by researchers from the University of Arkansas that worked to develop a multispecies bacterial vaccine for the protection against bacterial chondronecrosis with osteomyelitis (BCO) lameness for broilers. (Feedstuffs)
• US – GOAT RESEARCH Researchers at University of Florida’s College of Veterinary Medicine have developed an artificial intelligence-based model that distinguishes goats in pain by their faces alone. The system, trained and tested on 40 goats so far, was anywhere from 62% to 80% accurate at identifying pained faces, depending on how the scientists tested the model. The research was published in the journal Scientific Reports. (university press release)
• US – CONCENTRATED FARMING California voters in the major agricultural region of Sonoma County overwhelmingly voted down a ballot proposal to phase out large farms. About 85% of the voters opposed Measure J, which would have banned concentrated animal feeding operations. Proponents said the measure would protect animal welfare and move food systems away from large-scale agriculture. (Vet Advantage)

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BRAKKE CONSULTING VIEWPOINT
For some reason this month seems to be a time of recollection for me.  Perhaps it is because I recently heard about the untimely death of a gentleman that I hired into the animal health industry back in the 80’s who passed away suddenly.

In any event, I keep recalling different men and women that I have worked with over the years.  I have been blessed with the opportunity to get to know some remarkable people at the places that I worked.  I have always heard people in our industry say that “… no one ever leaves animal health, they just change companies!”  Now that I have the benefit of looking back over so many years, I see the truth in that statement.

As we prepare for our American Thanksgiving holiday in two weeks, I plan to remember to give thanks for all of you in this industry who have been a part of my business life.  Some of you are lifelong friends; others are those with whom I may have shared some brief interaction.  No matter, I have truly enjoyed sharing opportunities with wonderful people.  And best of all, I continue to have the experience of getting to know more and more people in this great industry.

Jim Kroman

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YOUR VIEW
Last week’s question asked if you voted in the US Presidential Election.  Most of you – 65% – said you voted early/by mail/absentee.  27% voted in person, 6% said you weren’t able to vote, and only 2% said you did not vote.  Either this means that as a group we are outstanding citizens with 92% voting participation, or perhaps most of those who didn’t vote in the election also chose not to answer the survey!

This week
This week, tell us how many different employers that you have worked for in the animal health industry (broadly defined). If your company was acquired or merged, count it as two employers (that should get the totals up!)