Animal Health News & Notes for November 27, 2024

***********************************
Brakke Consulting’s
Animal Health News & Notes for November 27, 2024
Copyright © Brakke Consulting
Editor: Lynn Fondon DVM MBA
************************************

IN THE NEWS:
Brakke Consulting News
Brakke Consulting 2025 Industry Overview ─ Registration Coming Soon!

Earnings News
Central Garden & Pet
J.M. Smucker

Other News
Boehringer Ingelheim
Ceva
Global Animal Products
Granite Creek Capital Partners
JBS

*****************************************
Brakke Consulting
Save the Date!
Brakke Consulting 2025 Industry Overview

Mark your calendar for the Brakke Consulting annual industry updated.

Presented at VMX:
Monday, January 27th, 2025, 2:00 PM – 4:00 PM, Hyatt Regency, Plaza International Ballroom G

Presented at WVC:
Monday, March 3rd, 2025, 2:00 PM – 4:00 PM, Four Seasons Ballroom 4

Additional details and registration information to come soon!
 

*********************************************
EARNINGS NEWS RELEASES

• The M. Smucker Co. announced results for the second quarter ended October 31, 2024, of its 2025 fiscal year. U.S. Retail Pet Foods sales were $445.4 million, a decline of 4% due in part to divested brands. Segment profit was $121.4 million, an increase of 25%. (seekingalpha)
• Central Garden & Pet Company announced results for its fiscal year ended September 28, 2024. Net sales for the Pet segment were $1.83 billion, a year-over-year decrease of 2%. Pet organic net sales decreased 6%. (company press release) 

**************************************
COMPANY NEWS RELEASES

• Boehringer Ingelheim announced the launch of Vetmedin Solution, the first oral solution approved by the FDA for the management of congestive heart failure (CHF) in dogs due to myxomatous mitral valve disease (MMVD) or dilated cardiomyopathy (DCM). The new formulation joins Boehringer’s Vetmedin Chewable Tablets. (prnewswire)
• Granite Creek Capital Partners LLC announced it has made an investment supporting the management buyout of Global Animal Products (GAP), a manufacturer of feed additives for the beef, dairy and poultry markets. Financial terms were not disclosed. (com)
• HUNGARY Ceva Animal Health announced the construction of a new  7,000 sq. m vaccine manufacturing facility in Hungary, expanding the capacity of Ceva Phylaxia. Ceva will use the plant to produce fermentation-based multicomponent inactivated vaccines for animals. (Feedstuffs)
• AFRICA JBS SA announced plans to invest about $2.5 billion to build its first meatpacking facilities in Africa. The company signed a memorandum of understanding with the Nigerian government to build three poultry plants as well as two for beef and one for pork in five years. (Feedstuffs)

*********************************************
ANIMAL HEALTH STOCK PRICE TRACKER

***********************************
ANIMAL HEALTH NEWS

• MEXICO – SCREWWORM The Chief Veterinary Officer of Mexico notified the USDA’s Animal and Plant Health Inspection Service (APHIS) of a positive detection of New World screwworm (NWS) in Mexico. The NWS was found in a cow in the southern Mexico state of Chiapas, at an inspection checkpoint close to the border with Guatemala. APHIS is restricting the importation of animal commodities originating from or transiting Mexico effective immediately and pending further information from Mexican veterinary authorities on the size and scope of the infestation. (com)
• US – ANIMAL SALES New York State is set to implement the Puppy Mill Pipeline Act on December 15, which will prohibit retail pet stores from selling dogs, cats, and rabbits. Stores may partner with nonprofit animal rescue organizations to showcase pets available for adoption.  (com)
• UK – ANTIBIOTICS Sales in the United Kingdom of veterinary antibiotics for use in livestock and poultry, adjusted by animal population, were unchanged from 2022 to 2023 but were 59% lower than in 2014. Veterinary sales of highest priority critically important antibiotics, which includes fluoroquinolones, third-generation cephalosporins, and colistin, fell slightly from 2022 and were 84% lower than in 2014. (Vet Advantage)

************************************
BRAKKE CONSULTING VIEWPOINT
We at Brakke Consulting wish a Happy Thanksgiving to all our clients and newsletter readers.  

Bob Jones
Ron Brakke
Paul Casady
Lynn Fondon
Randy Freides
Simon Hall
Richard Hayworth
Darrell Klug
Jim Kroman
Jay Lockhart
Amanda McDavid
Mike McGinley
Mauri Ronan Moreira
Jeff Santosuosso
Jishu Shi
Yuki Ujimasa
John Volk