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Animal Health News & Notes for October 29, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for October 29, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News ADM Merck Novozymes PetMed Express Other News Akeso Biomedical Algenex Astro Pet Health Boehringer Ingelheim Cosmic Pet Easyvet Global Dx IDEXX ImpriMed Nutreco PanTheryx Petco Platinum Equity RealmFive Relevance Ventures Rockpool Investments Stellapps Transfur Trusted Housesitters Vetoquinol VetPawer VetSuccess Zenoaq ************************************ COMPANY EARNINGS RELEASES Merck announced financial results for the third quarter of 2021. Animal Health sales totaled $1.42 billion, an increase of 16% compared with the third quarter of 2020 (+14% currency adjusted). (company press release) PetMed Express reported results for the second quarter of fiscal 2021. Sales were $67.4 million, an 11% drop from the prior-year quarter. Net income was down 24.5% to $6.3 million. (IHS Markit Connect) ADM reported financial results for the third quarter of 2021. Animal nutrition sales reached $889 million, a 21% increase from the prior-year quarter. ADM reported a nearly two-fold jump in animal nutrition profits for the third quarter. (IHS Markit Connect) Novozymes reported results for the third quarter of 2021. The company reported a strong animal health performance in the third quarter, driving 15% higher sales to DKK430 million ($67 million) for its larger agricultural, animal health and nutrition division. (IHS Markit Connect) ************************************
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October 29, 2021
Animal Health News & Notes for October 22, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for October 22, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Nestle Orion Virbac Other News Allivet American International Holdings BASF BNP Paribas Bluegrove Cardif Pinnacle Cargill Celerant Technology Collings Nutrition Solutions ConturaVet Epiq Paws Figo Pet Insurance General Pet Supply Global Animal Partnership HerdDogg Independence Holding Company JAB Mars Petcare Moichor Penn Veterinary Supply PetDesk PetSmart Pet Solutions Group Purina Scout Bio Synergy Veterinary Imaging Partners TheraVet US Stem Cell Vetbiologics VetRad ************************************ COMPANY EARNINGS RELEASES Virbac SA reported results for the third-quarter of 2021. Revenue was EUR 288 million ($334 million), a 22% increase with respect to the same period in 2020 (+21% at constant exchange rates). (company press release) Nestle SA reported results for the first nine months of 2021. Petcare sales were CHF 11.36 billion ($12.32 billion), representing year-over-year real internal growth of 10%. (company website) Orion reported results for the third quarter of 2021. The animal health division reported turnover of EUR 16.2 million ($18.8 million), a year-on-year decline of 38%. (IHS Markit Connect) ************************************ COMPANY NEWS RELEASES Mars Petcare announced the launch of Greenies Dog Supplements – soft chews in three varieties: Hip & Joint, Immune Health, and Skin & Coat. (PRNewswire) Purina announced the launch of Pro
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October 22, 2021
Animal Health News & Notes for October 15, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for October 15, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Vetoquinol Other News Boehringer Ingelheim (expansion) Boehringer Ingelheim (Nexgard Combo) Bond Vet Chanelle Pharma ezyVet JD Pet Laboratorios Hipra Verovaccines Vetcare Warburg Pincus Zoetis ************************************ COMPANY EARNINGS RELEASES Vetoquinol reported financial results for the third quarter of 2021. Revenues were EUR 132 million ($153 million), up 14% at constant exchange rates compared with the same period of the previous year. (Businesswire) ************************************ COMPANY NEWS RELEASES Bond Vet announced a $170 million investment from Warburg Pincus, a leading global growth investor. The funding will be used to expand Bond Vet’s footprint and invest in equipment, training, culture and technology. Bond Vet offers veterinary care in the New York City area with clinics providing a wide range of appointment options including pre-scheduled appointments, walk-in visits, and telehealth. (wfmz.com) EU Zoetis announced that the Committee for Medicinal Products for Veterinary Use of the European Medicines Agency adopted a positive opinion for Apoquel (noclacitinib maleate) chewable tablets. The product is currently available as a film-coated tablet. (IHS Markit Connect) EU Boehringer Ingelheim Animal Health announced that the Committee for Medicinal Products for Veterinary Use (CVMP) of the European Medicines Agency recently recommended a grouped type II variation
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October 15, 2021
Animal Health News & Notes for October 8, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for October 8, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Other News AB Vista AniV8 Anpario Avivagen BetterVet Boehringer Ingelheim Elanco Embark Veterinary EquiTrace Feedworks USA Fromm Family Foods Fulfillment Advantage Ventures HBAN Irrus Investments Medgene Labs Newport Laboratories Pro-Vet Pulse Veterinary Technologies Smart Tracking Technologies Stonehaven Incubate Swedencare Vaxxinova VetPrep Zinpro Zoetis (facility expansion) Zoetis (VetScan Imagyst) Zomedica Corp ************************************ COMPANY NEWS RELEASES Zoetis announced it is supporting growing demand for its monoclonal antibodies – Cytopoint, Solensia and Librela – by increasing its production capacity in Tullamore, Ireland. The firm expects construction to commence in early 2022, with the expanded facility scheduled to become fully operational by 2025. Zoetis is also expanding its manufacturing site in Nebraska to support the global commercial reach of Librela. (IHS Markit Connect) Zoetis announced the addition of digital cytology testing to the Vetscan Imagyst multi-purpose diagnostics technology platform. With this innovation, Vetscan Imagyst now employs a network of expert remote pathologists along with artificial intelligence (AI) technology for fecal testing. (DVM360) Elanco Animal Health announced that it plans to carve out its microbiome research-and-development platform as it sharpens its focus on its late-stage pet-health pipeline. The company said the move would create a privately funded, independent biopharmaceutical company
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October 8, 2021
Animal Health News & Notes for October 1, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for October 1, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Animalcare Avivagen General Mills Other News A&M Capital Algenex Allflex Boehringer Ingelheim Cargill Animal Nutrition Champion Petfoods Elanco EQT AB Fatro Fuite Fulcrum Global Capital Invetx Jectas Innovators Merck Nationwide Open Prairie Perdue Farms VetStemVirbac Vytelle Worldwise Zooplus AG ************************************ COMPANY EARNINGS RELEASES General Mills reported results for its fiscal first quarter ended August 29, 2021. Pet segment sales increased 25% to $488 million. Net sales growth included 5 points of benefit from the acquisition of Tyson Foods’ pet treats business, which closed on July 6 and is being accounted for on a 1-month lag; organic net sales were up 20%. Segment operating profit increased 28% to $115 million. (company website) Animalcare reported results for the first half of 2021. Sales were GBP 39.1 million ($53.4 million), an increase of 13% over the prior-year period. Underlying EBITDA was GBP 8.5 million ($11.6 million), up 28% year-on-year. (IHS Markit Connect) Avivagen announced its unaudited Financial Statements for the third quarter ended July 31, 2021. The Company reported revenues of $505,886 compared to $612,530 in the quarter ending July 31, 2020; and a comprehensive loss of $(1,503,665) compared to a comprehensive loss in the prior-year
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October 1, 2021
Animal Health News & Notes for September 24, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for September 24, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Neogen Other News American Veterinary Group AUA Private Equity Partners AVet Health Butterfly Network Canela Capital CAPInnoVet CVC Capital Partners D1 Capital Partners Dechra (Zoetis) Dechra (ProVet) EVAH Corp Fidelity Management & Research FountainVest Partners Hassinger Biomedical Inflexion Medivet Midmark Neogen Pet ‘n Shape PetSmart (The Pharmacy) PetSmart (Afterpay) Prelude Dynamics Shor-Line TriviumVet Veterinary Emergency Group Veterinary Health Research Centers VetNova Westminster Pet Products Ziwi Zoetis ************************************ COMPANY EARNINGS RELEASES Neogen reported results for the first quarter of fiscal 2022 ended August 31, 2021. Animal safety revenues were $65.6 million, an increase of 19% compared to the prior-year quarter. (company website) ************************************ COMPANY NEWS RELEASES Zoetis, the maker of Cerenia (maropitant), has claimed in a lawsuit that Dechra’s generic version, Emavert, infringes a patent. According to the complaint Zoetis is seeking court order blocking Dechra from making its product until patent has expired and cash compensation if it’s made before then. (news.Bloomberglaw.com) Neogen Corporation announced that it has acquired CAPInnoVet, Inc., a companion animal health company that provides pet medications to the veterinary market. Terms of the agreement were not disclosed. (PRnewswire) Dechra Veterinary Products announce it has acquired the veterinary marketing and
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September 24, 2021
Animal Health News & Notes for September 17, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for September 17, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke Consulting news AnimalHealthJobs.com Other News AGCO Anifera Boehringer Ingelheim CattleEye Centrovet Dechra Dinovite Esaote North America easyvet Faromatics FoodScience IVC Evidensia Manna Pro Products Medical Ethics Nokomis Research PEMCO Mutual Insurance Petabyte Technology PetFriendly Petmate Pets Best Insurance Pet Supplies Plus Pet Tech Labs Platinum Equity Regency Pet Techstart Ventures Veterinary Aftercare Services Vetoquinol (Imoxi) Vetoquinol (Felpreva) Vetsource VetStrategy Virbac ************************************ The best place on the web to find the best and highly qualified job applicants! Animal Health Jobs recently conducted our 2021 Attitudes Survey to explore the feelings of current animal health job candidates. One significant finding from the survey was that people working in animal health (68%) reported being happy at work, as compared to only 38% of respondents not currently working in animal health. Happiness at work translates to job stability. Check out Animal Health Jobs to find your career happiness and the best qualified candidates for your open jobs today! www.AnimalHealthJobs.com ************************************ COMPANY NEWS RELEASES Vetoquinol announced that Imoxi (generic imidacloprid + moxidectin) Topical Solution for Dogs is now available in the US. (company announcement) Manna Pro Products announced it has acquired Dinovite, which offers a range of whole food
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September 17, 2021
Animal Health News & Notes for September 10, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for September 10, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Bioveta Dechra Other News ADM Biotech Laboratories U.S.A. Chewy CHOU2 Pharma EquiTrace Freshpet GlobalVetLink Heska KineticVet Laboratoire de Dermo-Cosmétique Animale Merck MI:RNA Nextmune NutraDine NVA Pedigree Ovens Petabyte Technology PetDine PetMedix The Pound Bakery Royal DSM UNAVETS Vimian ************************************ COMPANY EARNINGS RELEASES Dechra Pharmaceuticals reported results for the fiscal year ended June 30, 2021. Revenues were GBP 608 million ($841 million), an increase of 18% year-over-year. Operating annual profit improved by 61% year-on-year to GBP 84 million ($116 million). (IHS Markit Connect) Bioveta announced results for the first half of 2021. Revenues were CZK1,060 million ($49.4 million), an increase of 11%. (IHS Markit Connect) ************************************ COMPANY NEWS RELEASES Merck Animal Health announced a strategic partnership with EquiTrace to bring the EquiTrace horse health management app to U.S. veterinary practices and farm teams. The app works in conjunction with Merck Animal Health’s Bio-Thermo microchips, allowing horse care professionals to instantly read, graph and monitor a horse’s temperature. (company press release) Chewy is testing Practice Hub , a new veterinarian marketplace that allows doctors to choose products to list on the retailer’s website, set prices, create preapproved prescriptions and earn revenue when customers place an
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September 10, 2021
Animal Health News & Notes for September 3, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for September 3, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke Consulting News Field Sales Force Census report available Earnings News Apiam Animal Health Chewy J.M. Smucker Kane Biotech Patterson Other News Animal Care Technologies Chr. Hansen Felix Pharmaceutical H&H Group ISOThrive Klick Ventures Merck National Veterinary Associates Northleaf Capital Partners Petabyte Technology Petlove Riverwood Capital Swedencare Talkatoo VetCare Canada Vetio VetStem Virbac Wolf Spring Zesty Paws ************************************ Brakke Consulting FIELD FORCE CENSUS OF LEADING ANIMAL HEALTH COMPANIES July 2021 Now you can benchmark field sales and veterinary service teams of leading companies in the US Animal Health Industry. Brakke Consulting has developed a census of the sales and professional service organizations of 10 major companies, including both pharma and diagnostics. The report is available for all species or by species group (companion animal & equine, food animal). The report includes field sales and veterinary professional services headcounts for the following companies: Boehringer Ingelheim Ceva Dechra Elanco Heska IDEXX Merck Vetoquinol Virbac Zoetis The full report is available for $6,000; CA+EQ only is $5,000; and FA only is $4,000. For more information about the report, contact John Volk, Senior Consultant at john@volkonline.com or (773) 327-4941. To order, contact Amanda McDavid at amcdavid@brakkeconsulting.com or (336) 396-3916.
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September 3, 2021
Animal Health News & Notes for August 27, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for August 27, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Benchmark Phibro zooplus Other News AmeriVet Anifera Aurobindo Pharma Boehringer Ingelheim CareVet Cronus Pharma Dechra Pharmaceuticals DVMPro EarthWise Pet Elanco Intervacc Mission Veterinary Partners MTMC Animal Health Performance Cattle Company PetDesk Pet Stuff America Pet Stuff Franchising PetVivo Holdings Premier Vet Alliance Stonehaven Incubate Techcyte United Vet Care U.S. CattleTrace Vetster.com Zoetis (Draxxin KP) Zoetis (Techcyte) ************************************ Southwest Veterinary Symposium FURther Together – LIVE and IN-PERSON! San Antonio, Texas – Henry B. Gonzalez Convention Center September 23-26, 2021 Advanced Registration end August 31st 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 live in-person this September in San Antonio, 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 ************************************ COMPANY EARNINGS RELEASES Phibro Animal Health Corporation announced financial results for its fiscal year ended June 30, 2021. Animal Health net sales were $546 million, an increase of 4% over the prior fiscal year. Animal Health adjusted EBITDA was $124.0 million,
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August 27, 2021
Animal Health News & Notes for August 20, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for August 20, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Better Choice ImmuCell Novozymes Petco Other News Aurobindo Pharma Cronus Pharma (Amoxicillin/Clavulanate) Cronus Pharma (Aurobindo Pharma) Elanco (SEC) Elanco (Vaxxinova) Ethos Veterinary Health Hellman & Friedman JBS S.A. Kinderhook Industries Midwestern Pet Foods National Veterinary Associates Pilgrim’s Pride Primal Pet Foods QBiotics Target Vaxxinova US Virbac (Stelfonta) Virbac (pet food) whiskerDocs Zooplus ************************************ COMPANY EARNINGS RELEASES Petco Health and Wellness Company, Inc. released financial results for its second quarter ended July 31, 2021. Net revenue was $1.4 billion, up 19% versus prior year. Net income improved by $67.7 million from prior year to $75.1 million. (company press release) ImmuCell Corporation announced its unaudited financial results for the quarter ended June 30, 2021. Total product sales were $4.5 million, an increase of 53% versus the prior-year quarter. Net income was $141,000 in contrast to a net loss of ($766,000) during the second quarter of 2020. (company press release) Novozymes reported results for the first half of 2021. Turnover for the agricultural, animal health and nutrition business was DKK890 million ($141 million), a decline of 14% from the first half of 2020, when stockpiling amid the COVID-19 pandemic inflated revenues. (IHS Markit Connect) Better Choice
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August 20, 2021
Animal Health News & Notes for August 13, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for August 13, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Cryoport Elanco Fressnapf Group Kindred Biosciences MWI Original BARK Company Ouro Fino Saúde Animal Spectrum Brands Zomedica Other News AKC Pet Insurance Andritz Animal Health & Nutrition Company Aqua-Spark Axiota Animal Health BetterVet Cama Group Cargill Chewy Clevertech Continental Grain Company Covetrus Dassiet Elanco Ellie Diagnostics Galaxy Vets Huon Aquaculture Group Independence American Insurance Company JBS JBT FTNON JRS Karl Schnell Miavit Mid America Pet Food Modern Animal MS Biotec MULTIMIN USA Nature’s Logic Nebula Caravel Nutreco OPEM OrthoPets The Packaging Group PetPartners PFR Life Science Proteon Pharmaceuticals PSIvet ReadiVet Rover Sanderson Farms VetBoost Vetcove Vet Inflow VetsDigital Waldner Zoetis ************************************ 2021 Digital Animal Health Summit August 24-26, 2021 Location: Online Registration is now open for the Digital Animal Health Summit. Register today! The Digital Animal Health Summit features 27 hours of 1:1 business partnering, 8 LIVE programs, 10+ on-demand webinars and 10+ emerging company presentations. Learn more ************************************ COMPANY EARNINGS RELEASES Elanco Animal Health reported financial results for the second quarter of 2021. Revenue was $1.28 billion, an increase of 118%; legacy Elanco revenue increased 28% year over year. Products from the legacy Bayer Animal Health business contributed $529 million. Gross profit was $728
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August 13, 2021
Animal Health News & Notes for August 6, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for August 6, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke Consulting News John Volk speaking at WVC Earnings News Boehringer Ingelheim Central Garden & Pet Covetrus Evonik Freshpet Heska Hill’s Pet Nutrition IDEXX PetIQ Royal DSM Swedencare Trupanion Zoetis Other News Allflex ALR Technologies SG Pte. Ltd. Animal Dermatology Group Better Choice Company CanBiocin CommuniVET Dechra Duck & Partners Edra Publishing Elanco Fi Healy Group Hill’s Jurox Klarna Legault Group Merck (Whisper) Merck (vaccine rebranding) Merck (Diabetes Alliance) Mispol Mixlab NXMH Partner in Pet Food Petco Pet Supplies Plus Purina Ren’s Pets Sunshine Mills Sylvester.ai VetDC Whitebridge Pet Brands Zoetis (Jurox) Zoetis (Diabetes Alliance) ************************************ Brakke Consultant Featured in Preventive Care Seminars at WVC Sponsored by MWI and Premier Vet Alliance September 7 & 8, 2021 Brakke Senior Consultant John Volk will be the featured speaker at a series of seminars about preventive care plans to be conducted during Western Veterinary Conference September 7-8. The seminars are hosted by MWI Animal Health and Premier Vet Alliance. An expert in preventive care plans – also called wellness plans – John has written and lectured widely on the topic. For more information, or to register for the seminars, contact Zack Melton, zmelton@MWIanimalhealth.com, or Craig Fraser, cf@premiervetalliance.com.
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August 5, 2021
Animal Health News & Notes for July 30, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for July 30, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke Consulting News Field Sales Force Census report now available Earnings News ECO Animal Health Merck Nestlé PetMed Express Vetoquinol Other News Aeronics, Bio Agri Mix Chewy DW Healthcare Partners Embark Veterinary LifeLearn Animal Health Midori USA MWI PetCure Oncology Pet Releaf ProSites Royal DSM Simmons Pet Food Virbac Wisdom Panel ************************************ BRAKKE CONSULTING FIELD FORCE CENSUS OF LEADING ANIMAL HEALTH COMPANIES July 2021 Now you can benchmark field sales and veterinary service teams of leading companies in the US Animal Health Industry. Brakke Consulting has developed a census of the sales and professional service organizations of 10 major companies, including both pharma and diagnostics. The report is available for all species or by species group (companion animal & equine, food animal). The report includes field sales and veterinary professional services headcounts for the following companies: Boehringer Ingelheim Ceva Dechra Elanco Heska IDEXX Merck Vetoquinol Virbac Zoetis The full report is available for $6,000; CA+EQ only is $5,000; and FA only is $4,000. For more information about the report, contact John Volk, Senior Consultant at john@volkonline.com or (773) 327-4941. To order, contact Amanda McDavid at amcdavid@brakkeconsulting.com or (336) 396-3916. www.BrakkeConsulting.com ************************************ COMPANY EARNINGS RELEASES Merck
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July 29, 2021
Animal Health News & Notes for July 23, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for July 23, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke Consulting News Results of subscriber reading recommendations Earnings News Animalcare Neogen Orion Virbac Other News Ametza AnimalBiome Anivive Lifesciences Ascendis AusCann CareCredit Cargill Clipper Distributing Colorado Serum Company FERA Diagnostics and Biologicals Jurox Kyron Mars MeaTech 3D Mella Pet Care Mizner Bioscience PetHonesty PetPlate Pet Supplies Plus Phelps Pet Products Reichert Technologies Synchrony Vestar Capital Partners VETCBD Hemp Vetz Petz Whistle Wilbur-Ellis Nutrition ************************************ 2021 DIGITAL ANIMAL HEALTH SUMMIT August 24-26, 2021 Location: Online Registration is now open for the Digital Animal Health Summit. Register today! The Digital Animal Health Summit features 27 hours of 1:1 business partnering, 8 LIVE programs, 10+ on-demand webinars and 10+ emerging company presentations. Learn more ************************************ COMPANY EARNINGS RELEASES Virbac reported results for the second quarter of 2021. Revenue was EUR 263 million ($313 million), an 18% increase excluding Sentinel (+14% at actual scope). Growth was mainly driven by the performance of Europe and the Asia-Pacific area. (Globenewswire) Neogen Corporation announced results for its full 2021 fiscal year, which ended May 31, 2021. The Animal Safety segment reported revenues of $234 million, an increase of 14% compared to fiscal year 2020. (company website) Orion Animal Health reported results for the
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July 27, 2021
Animal Health News & Notes for July 16, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for July 16, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News: Krka Other News: Boehringer Ingelheim Cargill Elanco EquiTrace GekkoVet Independence American Insurance Intelia If P&C Insurance iVet LexaGene MetLife PHI Direct VetDC Vetoquinol Vidium Animal Health Virbac Zenex Animal Health India Zydus Animal Health ************************************ BRAKKE CONSULTING Since you are reading this newsletter about the animal health and nutrition industry, chances are you like to read. We would like to know which book or books about animals are the most important to you or influenced your choice of a career in this industry. As you head to the beach or the mountains this summer, wouldn’t you like to know the best book to bring along with you? Click here to let us know your choices and we’ll share them with you next week. Everyone that replies by Wednesday, July 21 will be entered into a drawing for one of three $25 Amazon gift card…so three winners can buy another book! ************************************ COMPANY EARNINGS RELEASES Krka reported results for the first half of 2021. The company’s animal health division reported revenues of EUR 45 million ($53 million), an increase of 16% over the prior year period. (IHS Markit Connect) ************************************ COMPANY NEWS RELEASES Elanco
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July 16, 2021
Animal Health News & Notes for July 9, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for July 9, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke Consulting News Animal Health Jobs Earnings News General Mills Other News Better Choice Company Boqii Holding Limited Butterfly Network Central Garden & Pet Chanelle CUBEX D&D Commodities Dermoscent Feedworks USA Felix Pharmaceuticals General Mills Hill’s iRXis Lintbells Mars Petcare MWI Nestlé Purina PetCare Nutreco Nutrimin PetMed Express Sentrx Animal Care Smithfield Foods Trouw Nutrition Tyson Foods Zivo Bioscience Zoetis (Draxxin KP) Zoetis (COVID vaccines) ************************************ 2021 DIGITAL ANIMAL HEALTH SUMMIT August 24-26, 2021 Location: Online Registration is now open for the Digital Animal Health Summit. Register today! The Digital Animal Health Summit features 27 hours of 1:1 business partnering, 8 LIVE programs, 10+ on-demand webinars and 10+ emerging company presentations. Learn more ************************************ COMPANY EARNINGS RELEASES General Mills reported results for the fiscal year ended May 30, 2021. Pet segment net sales increased 2% to $1.73 billion, driven by positive contributions from volume growth on a like-for-like basis, partially offset by the comparison to an extra month of results a year ago. Segment operating profit was $415 million, an increase of 6% year-over-year. (company press release) ************************************ COMPANY NEWS RELEASES Zoetis announced that the FDA has approved Draxxin KP (tulathromycin and ketoprofen injection) for the treatment of
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July 9, 2021
Animal Health News & Notes for July 2, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for July 2, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Other News Adisseo Aerapy Animal Health Apiam Animal Health Barentz International Better Choice Company Can-Fite BioPharma Covetrus Dairy Specialists Gencove Huvepharma Lely North America National Veterinary Associates Native Microbials Neogen Pestell Nutrition PetAirapy Phoreus Biotech PigCHAMP Priority Robotics Purina QBiotics Group SAGE Veterinary Centers Swedencare AB VCP Vetbiolix Vetio Wind Point Partners ************************************ COMPANY NEWS RELEASES Huvepharma announced it has decided to put on hold its Amsterdam Euronext listing, after previously unveiling its plans to raise EUR 300 million ($355 million) through an initial public offering. Huvepharma said it would revisit the IPO project at a later date in the future, but for now it would remain private. (Reuters) Swedencare AB announced the acquisition of Vetio, an animal health contract development manufacturing organization (CDMO) in North America, for a purchase price of $181.5 million. The purchase price consists of $179 million cash and an issue in kind of 184,190 shares in Swedencare, representing $2.3 million to the selling management at closing. Vetio’s sales were $32.3 million for the full year 2020 with an adjusted EBITDA of $6.5 million. (company press release) Covetrus announced that it has entered into a definitive agreement to acquire VCP, a
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July 2, 2021
Animal Health News & Notes for June 25, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for June 25, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Patterson Vet Other News Algenex SL Animalcare Antelligence Axxiom Training Solutions BRF SA Chasing Our Tails Chewy Covetrus CUBEX DCN Dx Dechra (Porus) Dechra (Intervacc) Diggs DSM FATRO S.p.A Fold Hills Foods Freshpet Hercosul Hill’s Intervacc Just Kitchen Holdings Kinship Mars Marsh Dog Novozymes Orion Animal Health PetDesk PortaScience Porus GmbH venn growth partners ************************************ Southwest Veterinary Symposium – FURther Together SWVS 2021 will be LIVE and IN-PERSON! San Antonio, Texas – Henry B. Gonzalez Convention Center September 23-26, 2021 Early Bird Registration — Now Until July 15th Registration is NOW OPEN! Southwest Veterinary Symposium is a partnership of the Arkansas, Louisiana, New Mexico, Oklahoma and Texas Veterinary Medicine Associations which provides continuing education for veterinary professionals. Join us live in-person this September in San Antonio, 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 ************************************ COMPANY EARNINGS RELEASES Patterson Companies reported financial results for its fiscal year ended April 24, 2021. Net sales in the Animal Health segment were $3.56 billion, an increase of 7% over the
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June 25, 2021
Animal Health News & Notes for June 18, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for June 18, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Chewy Other News AniCon Labor Best Friends by Sheri Elanco (KindredBio) Elanco (Credelio Plus) Farma Vet Balear FERA Diagnostics and Biologicals Freshpet Huvepharma Kindred Biosciences KRUUSE Nuzoa Outward Hound PetMedix Pet Valu Holdings Prospect Hill Growth Partners SAN Group Tetracore VetriMax Veterinary Products Zarasyl ************************************ 2021 DIGITAL ANIMAL HEALTH SUMMIT August 24-26, 2021 Location: Online Registration is now open for the Digital Animal Health Summit. Register today! The Digital Animal Health Summit features 27 hours of 1:1 business partnering, 8 LIVE programs, 10+ on-demand webinars and 10+ emerging company presentations. Learn more ************************************ COMPANY EARNINGS RELEASES Chewy, Inc. reported financial results for the first quarter of fiscal year 2021 ended May 2, 2021. Net sales were $2.14 billion, an increase of 32% year over year. Net income was $38.7 million, compared to a net loss of $(47.9) million in the prior-year period. (company website) ************************************ COMPANY NEWS RELEASES Elanco Animal Health and Kindred Biosciences, Inc. announced the parties have entered into a definitive agreement for Elanco to acquire KindredBio. Elanco will acquire all outstanding stock of Kindred Biosciences at a price of $9.25 per share, or approximately $440 million, a premium of 52% based on the
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June 18, 2021
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