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Animal Health News & Notes for January 22, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for January 22, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke Consulting News 2021 Industry Overview – register now Earnings News Animalcare PetMed Express Virbac Other News Afimilk Agrivida Alltech Armor Animal Health Better Choice Company Boehringer Ingelheim Elanco Exubrion Therapeutics GENEX Google Immuno-Dynamics Land O’Lakes Lanxess LIC Merck Nedap Neogen Novus Orion Animal Health Petco Phibro Royal Agrifirm Group TechMix Theseo TriviumVet Troy Animal Healthcare Vetoquinol Zomedica ************************************ BRAKKE CONSULTING ANNOUNCING THE 2021 BRAKKE INDUSTRY OVERVIEW PRESENTED VIRTUALLY ON FEBRUARY 23, 2021 New research on how veterinarians have been affected by the COVID-19 pandemic and their plans for the post-pandemic world will be an important feature of the annual Brakke Consulting Industry Overview, to be presented in a 90-minute webinar on Tuesday, Feb. 23 beginning at 11 am EST. The new research examines the role of such things as curbside appointments and telemedicine, and how veterinarians plan to deploy them post-pandemic. We also look at the impact of COVID-19 on the veterinary staff during this trying year, as well as make our predictions on what’s ahead for the industry in 2021. There will also be an opportunity for questions from the audience. In addition to the new research findings, the Overview will cover: Top
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January 22, 2021
Animal Health News & Notes for January 15, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for January 15, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Cal-Maine Foods Other News Agric-Bioformatics Anivive Lifesciences Antech Diagnostics Applied DNA Sciences Ben & Jerry’s Boehringer Ingelheim (management change) Boehringer Ingelheim (PetMedix) Boehringer Ingelheim (Nexgard Combo) Ceres Tag Dane Creek Capital Dechra Dermoscent DW Healthcare Partners ECO Animal Health Elanco EvviVax Farmina Pet Foods Globalstar Growlies Pet Foods Hello Ralphie Heska Kindred Biosciences Laboratoire De Dermo-Cosmetique Animale Lacuna Diagnostics Parnell Pharmaceuticals Patterson Pegasus Laboratories Petco PetMedix Primal Health Resero Genomics Sterilize with Light SymbioCellTech Talkatoo United Raw Pet Foods Veterinary Hospitals Association Vetoquinol Virbac ************************************ REMINDER: If you haven’t already taken our newsletter subscriber survey, please be sure to do so – we value your input! Check your email for the survey invitation sent on Wednesday, January 13. ************************************ COMPANY EARNINGS RELEASES Cal-Maine Foods reported results for its second quarter of fiscal 2021 ended November 28, 2020. Net sales were $347 million, an 11.5% increase compared to the second quarter of fiscal 2020. Net income was $12.2 million, compared to a net loss of $(10.1) million for the second quarter of fiscal 2020. (Feedstuffs) ************************************ KC ANIMAL HEALTH CORRIDOR ANIMAL HEALTH SUMMIT NOW ACCEPTING PRESENTER APPLICATIONS The KC Animal Health Corridor is now
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January 15, 2021
Animal Health News & Notes for January 8, 2021
*********************************** Brakke Consulting’s Animal Health News & Notes for January 8, 2021 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Neogen Other News Adler Laboratories ADP Alergovet Artuvet BarkBox Bimeda Boehringer Ingelheim BrightPet Nutrition Group Bullymake Creso Pharma Limited Dr. Baddaky DRN Holden2 ICF Manna Pro Products Megazyme Midwestern Pet Foods MiracleCorp Neogen (Reveal) Neogen (Megazyme) Nextmune Northern Star Acquisition Pet Supplies Plus Pet Valu PetVivo Phibro Animal Health PromoVet Saiba Animal Health Spectrum Vet Swedencare University Products VetPartners VetriScience Labs Vetruus Virbac Zomedica ************************************ COMPANY EARNINGS RELEASES Neogen Corporation announced results for the second quarter of its 2021 fiscal year, which ended Nov. 30, 2020. Revenues were $115 million, a 7% increase compared to the previous year. Second quarter net income was $15.9 million compared to the prior year’s $16.3 million. The Animal Safety segment reported revenues of $57.5 million, an increase of 13% compared to the prior-year quarter. (company website) ************************************ COMPANY NEWS RELEASES Boehringer Ingelheim Animal Health announced an agreement with is working with Swiss firm Saiba Animal Health to develop vaccines to treat chronic inflammatory diseases, cancer and allergies in companion animals from a platform based on non-infectious virus-like particles (VLPs). Saiba claims it can easily adapt its VLP vaccine platform to target any disease-associated molecule, specifically monoclonal antibody
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January 7, 2021
Animal Health News & Notes for December 31, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for December 31, 2020 Copyright © Brakke Consulting. Editor: Lynn Fondon DVM MBA ************************************ ANIMAL HEALTH NEWS & NOTES CELEBRATES 19 YEARS OF INDUSTRY NEWS Some of you, like me, are probably trying to avoid reading year-end summaries about this peculiar year. We certainly need more time to fully understand some of the big changes that 2020 will usher into our lives and business. But, thanks to our editor, Dr. Lynn Fondon, in our last News & Notes of the year, you can read a bullet-point summary of what happened in the animal health industry in terms of company and product news. You will see all the news we shared with you about companies – acquisition, mergers and start-ups – and products – launches, approvals and licensing deals – over the course of 2020. You will be reminded that despite a truly odd year, our industry is vibrant and evolving. Or you might be reminded of a competitor’s strategic move that might help you in 2021. On behalf of all the consultants at Brakke Consulting, thanks for your support, thanks for reading our News & Notes and thanks for making this a fun and eventful year. We wish all of you a Happy New Year and a very successful 2021. Bob Jones
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January 5, 2021
Animal Health News & Notes for December 18, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for December 18, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Avivagen Other News APC Microbiome Ireland California Pet Pharmacy Companion Animal Health DJO Elanco (KindredBio) Elanco (Tarsus) Farmina Pet Food ImmuCell Impossible Foods Kindred Biosciences Linnaeus LiteCure Mars Nestle Purina PetCare Pets at Home Resilient Biotics Revivicor Tarsus Pharmaceuticals Vaxxinova US Wagmo White Dog Labs Zoetis (Vaxxinova) Zoetis (Solensia) Zomedica ************************************ COMPANY EARNINGS RELEASES Avivagen reported its financial results for the fiscal year ended October 31, 2020. The Company reported revenues of C$1,177,857 ($977,451 in the prior fiscal year) and a comprehensive loss of C$(4,751,287) compared to a comprehensive loss of $(4,836,420) in the prior-year period. (company press release) ************************************ COMPANY NEWS RELEASES Elanco Animal Health announced an agreement with Kindred Biosciences to acquire exclusive global rights to KIND-030, a first-of-its-kind monoclonal antibody being developed for the treatment and prevention of canine parvovirus (CPV). The global license includes an upfront payment of $500,000 and additional milestone payments; sales performance will result in royalties and additional milestone payments for achieving revenue targets. Additionally, as part of the agreement, KindredBio also has a right of last refusal to manufacture certain other Elanco monoclonal antibodies. (company press release) Elanco announced it has expanded its agreement Tarsus
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December 17, 2020
Animal Health News & Notes for December 11, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for December 11, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS Brakke News 2020 US Flea Control & Heartworm Markets report – now available Earnings News Chewy DS Pharma Zenoaq Other News Alivira Animal Health AVet Health Central Garden & Pet Ceva Cornerstone Animal Health Covetrus Dechra Elanco Hallmarq J.M. Smucker Laboratorios Karizoo LifeLearn Animal Health MedinCell Neogen New Harbor Capital Nexus Capital Management Novidia Veterinary Partners Group Petco Pharmgate Animal Health PRiME Vector Technologies Wedgewood Pharmacy whiskerDocs Zoetis (Novidia Veterinary) Zoetis (CytoPoint) Zydus Animal Health ************************************ COMPANY EARNINGS RELEASES Nippon Zenyaku Kogyo (Zenoaq) reported results for the first half of its fiscal 2020 ended September 30, 2020. Revenues were around JPY 17 billion ($163 million), a 2% decline in sales. Although the firm’s turnover from companion animal products rose by approximately 1%, overall half-year revenues dropped due to a decline in sales from Zenoaq’s food animal business and poultry businesses. (IHS Markit Connect) DS Pharma Animal Health reported results for the six months ended September 30, 2020. Turnover was JPY 7.68 billion ($74 million), a 6% upturn in first-half sales. Revenues from companion animal product sales, which represent the majority of DS Pharma’s business, increased by 8%, while food animal and aquaculture businesses declined. (IHS
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December 10, 2020
Animal Health News & Notes for November 25, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for November 25, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Central Garden & Pet MWI Veterinary Supply Zooplus Other News bCellera Asteris Boehringer Ingelheim Covetrus Curtiss Healthcare Elanco FirstVet GeniusVets Hippocampe Caen Huvepharma Invetx Mubadala Capital Newport Laboratories Valsoft The Veterinary Cooperative WellVet ************************************ COMPANY EARNINGS RELEASES AmerisourceBergen reported results for its full fiscal year ended September 30, 2020. Revenues for MWI Veterinary Supply improved by 6% to $4.22 billion. (IHS Markit Connect) Central Garden & Pet Company announced operating results for its fiscal year 2020 ended September 26, 2020. Pet Segment net sales were $1,562 million, an increase of 13% over the prior year (+11% excluding the effect of acquisitions). Pet segment EBITDA was $189.4 million compared to $155.5 million in the prior fiscal year. (company press release) Zooplus reported results for the first nine months of 2020. Sales increased 18% to EUR 1.3 billion ($1.5 billion). (GlobalPets) ************************************ COMPANY NEWS RELEASES Boehringer Ingelheim Animal Health and WellVet, a not-for-profit social enterprise to help improve the wellbeing of veterinary professionals and teams, are collaborating to host a free ‘Winter Wellbeing’ series of online events starting this week. The series will feature 30-minute presentations by leading wellbeing professionals. (Zenopa.com) Elanco Animal Health announced
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November 30, 2020
Animal Health News & Notes for November 20, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for November 20, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News ImmuCell JBS Krka Spectrum Brands Tyson Foods Other News Argenta Berwind BluePearl Clearlake Capital Group EQT Health & Happiness Group IVC Evidensia KKR Nestle PetHospice Phillips Pet Food & Supplies PromoVet QBiotics Group Solid Gold Pet Tomlinson Group Vetster Virbac WellPet Zomedica ************************************ COMPANY EARNINGS RELEASES Krka reported results for the first nine months of 2020. Revenues were EUR 55.8 million ($66 million), an increase of 9% year-on-year. (IHS Markit Connect) Spectrum Brands Holdings, Inc. reported results from continuing operations for the full year of fiscal 2020 ended September 30, 2020. Net sales for the Global Pet Group were $963 million, an increase of 11% year-over-year. (company website) JBS reported financial results for the third quarter of 2020. Net income was 3.133 billion reals ($581 million), a 778% increase from the third quarter of 2019. Revenues were 70.1 billion reals ($12.9 billion). JBS USA Beef posted third-quarter net revenue of 28.8 billion reals $5.3 billion), a 28.7% year-over-year increase. JBS USA Pork recorded net revenue of 7.7 billion reals ($1.4 billion), a 28.0% year-over-year increase. Pilgrim’s Pride Corp. posted net revenue of 16.5 billion reals ($3.1 billion), 50% growth versus the third quarter
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November 19, 2020
Animal Health News & Notes for November 13, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for November 13, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke News 2020 Flea, Tick and Heartworm Products report – last day for pre-order discount! Earnings News Alivira Animal Health Covetrus Elanco Kindred Biosciences Ouro Fino Zomedica Other News Adamis Pharmaceuticals AquaBounty Boehringer Ingelheim Chewy Elanco Nestlé Purina NAVC Petco Petplan Wagmo Walkin’ Pets Walmart Zoetis (Librela) Zoetis (Simparica China) ************************************ 2020 US FLEA CONTROL AND HEARTWORM MARKETS REPORT EARLY-BIRD DISCOUNT ENDS TODAY! Are you on top of the trends in the largest market segment in companion animal health? Brakke Consulting will soon be publishing our 2020 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 – discussion of new product launches, including SIMPARICA TRIO, BRAVECTO PLUS,BRAVECTO 1-MONTH, and GENERIC SELAMECTIN PRODUCTS – 2020 survey of 300+ veterinarians – 2020 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 13, and $7,995 after that date. Please
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November 12, 2020
Animal Health News & Notes for November 6, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for November 6, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke News 2020 Flea, Tick and Heartworm Products report – pre-order now Earnings News Freshpet Heska Hill’s PetIQ Phibro Pilgrim’s Pride Trupanion Zoetis Other News Aflac Agile Sciences AlcheraBio Anifera Argenta Armitage Pet Care Blücare Lab Chewy One Health Company PetSmart Pet Valu Royal Canin Sanderson Farms Spectrum Brands Holdings Stonehaven Incubate Trupanion Vet2Pet Veterinary Growth Partners Virbac ************************************ 2020 US FLEA CONTROL AND HEARTWORM MARKETS REPORT EARLY-BIRD DISCOUNT ENDS NOV. 13 Are you on top of the trends in the largest market segment in companion animal health? Brakke Consulting will soon be publishing our 2020 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 – discussion of new product launches, including SIMPARICA TRIO, BRAVECTO PLUS, BRAVECTO 1-MONTH, and GENERIC SELAMECTIN PRODUCTS – 2020 survey of 300+ veterinarians – 2020 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
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November 5, 2020
Animal Health News & Notes for October 23, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for October 23, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke News 2020 Flea, Tick and Heartworm Products report – pre-order now Earnings News Nestlé Orion Animal Health Vetoquinol Other News The Animate Company Elanco Group Nine Media Kemin Industries Mileutis Ltd NovaQuest Capital Management Pacific GeneTech Pet Age Pet King Brands Petplan Pets Choice Premier Veterinary Group Simplyhealth Veramaris ************************************ 2020 US FLEA CONTROL AND HEARTWORM MARKETS REPORT PRE-ORDER NOW FOR EARLY-BIRD DISCOUNT Are you on top of the trends in the largest market segment in companion animal health? Brakke Consulting will soon be publishing our 2020 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 – discussion of new product launches, including SIMPARICA TRIO, BRAVECTO PLUS, BRAVECTO 1-MONTH, and GENERIC SELAMECTIN PRODUCTS – 2020 survey of 300+ veterinarians – 2020 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 13, and $7,995 after
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October 22, 2020
Animal Health News & Notes for October 16, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for October 16, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Virbac Other News A&M Capital Partners Advaxis Avivagen Better Choice Company BrightPet Nutrition Group CannPal Animal Therapeutics Dechra ECO Animal Health Elanco (tender offer) Elanco (Advaxis) JBS Medgene Labs Petco Pilgrim’s Pride Sunshine Mills TRC Capital Investment Vetio Animal Health ************************************ COMPANY EARNINGS RELEASES Virbac SA reported results for the third quarter of 2020. Revenue reached EUR 235.6 million ($275 million), an increase of 1% compared to the same period in 2019 (7% at constant exchange rates, and 11% excluding the impact of the divestment of Sentinel). (Globenewswire) ************************************ AVMA Economic Summit October 26-28, 2020 Location: Online AVMA Economic Summit: Transformation through collaboration Register today – and be a part of the only event focused solely on the economic impact of veterinary medicine. Gain insight from veterinary and economic leaders on current trends and innovations – including a presentation from John Volk, Brakke Consulting, on how COVID-19 has impacted pet care. Special thanks to: Presenting Partner – Merck Animal Health; Premier Partner – CareCredit; Community Partners – Royal Canin, IDEXX. Click here and then scroll down for a sneak preview. ************************************ COMPANY NEWS RELEASES Elanco announced it has received a notification of an unsolicited “mini-tender” offer by
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October 15, 2020
Animal Health News & Notes for October 9, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for October 9, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Animalcare Other News Alivira Animal Health Be Seen Be Safe Boehringer Ingelheim Centaur Biopharmaceutical Services Ceva Compassion-First Pet Hospitals Fendigo BV Kindred Biosciences Knoell group Nestle Purina PetCare Petco PetVivo Royal Canin Vaxart Zomedica ************************************ COMPANY EARNINGS RELEASES Animalcare reported results for the first six months of its fiscal 2020. The company recorded revenues of GBP 34.5 million ($44.4 million), a 4.4% year-on-year decline in sales. Underlying profit was GBP 3.5 million in the first half, which was slightly down on the GBP 3.9 million posted in H1 2019. (IHS Markit Connect) ************************************ AVMA Economic Summit October 26-28, 2020 Location: Online Early-bird pricing ends October 12 AVMA Economic Summit: Transformation through collaboration Register today – and be a part of the only event focused solely on the economic impact of veterinary medicine. Gain insight from veterinary and economic leaders on current trends and innovations – including a presentation from John Volk, Brakke Consulting, on how COVID-19 has impacted pet care. Special thanks to: Presenting Partner – Merck Animal Health; Premier Partner – CareCredit; Community Partners – Royal Canin, IDEXX. Learn more. ************************************ COMPANY NEWS RELEASES Boehringer Ingelheim announced the launch of Vaxxitek HVT+IBD+ILT. According to the company,
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October 8, 2020
Animal Health News & Notes for October 2, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for October 2, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Animalcare Anpario Cal-Maine Foods Other News Animalcare Animal Pharmaceuticals Ascendis Health Bimeda Boehringer Ingelheim (Fraunhofer Institute) Boehringer Ingelheim (Petpro Tele+) Boehringer Ingelheim (NRP Group) Boqii Ceva Elanco Farmvet Systems Genus Plc Hipra Invetx Kane Biotech NRP Group Nutravet Limited Rarebreed Veterinary Partners STEM Animal Health Stonehaven Incubate Swedencare Touchlight Aquaculture Tropic Biosciences Vetoquinol Vidium Animal Health Zoetis ************************************ COMPANY EARNINGS RELEASES Animalcare reported results for the first six months of its fiscal 2020. The company recorded revenues of GBP 34.5 million ($44.4 million), a 4.4% year-on-year decline in sales. Underlying profit was GBP 3.5 million ($4.5 million) in the first half, which was slightly down on the GBP 3.9 million posted in H1 2019. (IHS Markit Connect) Anpario PLC reported results for the first six months of 2020. Sales were GBP 16.2 million ($20.6 million), an increase of 13% compared to the prior-year quarter. Adjusted EBITDA rose 24% to GBP 3.4 million ($4.3 million). (Feed Strategy) Cal-Maine Foods reported results for its first quarter of fiscal 2021 ended Aug. 29, 2020. Net sales were $293 million, a 21% increase compared to the first quarter of fiscal 2020. The company reported a net loss
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October 1, 2020
Animal Health News & Notes for September 25, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for September 25, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News General Mills Neogen Other News ADM Animal Nutrition Antech Diagnostics Ascus Biosciences Ceva FarmInsect Hemp Technology Hester Biosciences Ictyogroup Native Microbials Petc Pharmasone Pharmgate THRIVE Affordable Vet Care True Leaf Vetoquinol Virbac Zoetis ************************************ COMPANY EARNINGS RELEASES Neogen Corporation announced financial results for the first quarter of its 2021 fiscal year, which ended Aug. 31. Revenues were $109 million, an 8% increase compared to the previous year’s first quarter. Net income was $15.9 million, compared to $14.7 million in the previous year’s first quarter. The Animal Safety segment reported revenues of $55 million, an increase of 9% compared to the prior year first quarter. (company press release General Mills reported results for its fiscal first quarter ended August 30, 2020. First-quarter net sales for the Pet segment (Blue Buffalo) were $392 million, an increase of 6% from the prior-year quarter. Segment operating profit increased 12% to $90 million. (company website) ************************************ COMPANY NEWS RELEASES Virbac announced it has acquired a range of autogenous tilapia vaccines from French biologicals developer Ictyogroup. The acquisition will allow Virbac to distribute and market a portfolio of registered autogenous vaccines in Africa, Asia and Latin America. The two
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September 24, 2020
Animal Health News & Notes for September 18, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for September 18, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Other News American Regent Applied DNA Sciences AUA Private Equity Partners Boehringer Ingelheim Chewy DoorDash Evonik Industries Evvivax SRL Petlove PetSmart Vetnique Labs Vetus Westminster Pet Products Zoetis ************************************ COMPANY NEWS RELEASES Zoetis announced the launch of the VetScan Imagyst diagnostic platform for veterinary clinics. VetScan Imagyst combines image recognition technology, algorithms and cloud-based artificial intelligence (AI) for in-clinic testing. It will initially be available to test fecal samples for parasites but has the potential for broader applications to different types of testing in the future. (IHS Markit Connect) Boehringer Ingelheim announced the US launch of the Aservo EquiHaler (ciclesonide inhalation spray), the first FDA-approved inhalant therapy for horses with severe equine asthma. (PRNewswire) PetSmart announced it will offer on-demand delivery service across more than 1,400 of its store locations nationwide, powered exclusively through DoorDash. (GlobalPets) Chewy, Inc. announced that it has commenced an underwritten public offering of approximately $275 million of shares of its Class A common stock, at a price of $55.25 per share. The underwriter, Morgan Stanley & Co. LLC, has agreed to purchase all of the shares offered. The Company intends to grant the underwriter an option to purchase up to
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September 17, 2020
Animal Health News & Notes for September 11, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for September 11, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Earnings News Chewy Dechra Other News Bluestar Adisseo DuPont Animal Nutrition Elanco ezyVet Forthglade Foods Limited FRAmelco Group Hygieia Biological Laboratories IK Investment Partners Merck Openpay Petco PharmAust Proteon Pharmaceuticals TeleVet Vetoquinol Vivos Zenoaq ************************************ COMPANY EARNINGS RELEASES Dechra Pharmaceuticals reported results for its fiscal 2020 year ended June 30. Annual sales totaled GBP 515.1 million ($679.1 million), a 7% improvement in revenues compared to fiscal 2019. In North America, annual sales climbed 5% to GBP 191.6 million ($253 million), due in part to the acquisitions of the Mirataz portfolio from Kindred Biosciences and veterinary contract manufacturer Ampharmco. (IHS Markit Connect) Chewy, Inc. announced its financial results for the second quarter of fiscal year 2020 ended August 2, 2020. Net sales were $1.70 billion, an increase of 47% year-over-year. Net loss was $(32.8) million, including share-based compensation expense of $37.8 million. Adjusted EBITDA was $15.5 million, an improvement of 153% year-over-year. (company press release) ************************************ COMPANY NEWS RELEASES Merck Animal Health introduced Nasalgen 3-PMH, a modified-live, intranasal vaccine that protects beef and dairy cattle from the five most common pneumonia-causing viral and bacterial pathogens. Nasalgen 3-PMH offers six-and-a-half-month duration of immunity (DOI) against infectious bovine
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September 10, 2020
Animal Health News & Notes for September 4, 2020
Brakke Consulting’s Animal Health News & Notes for September 4, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke Consulting News Mid-Year Overview Earnings News Avivagen Kane Biotech Patterson Veterinary Supply Sanderson Farms Other News ADM Animal Nutrition Aurora Pharmaceutical Bayer Dechra DuPont Nutrition & Biosciences Furst Animal Health Merck NovaVive TriRx Pharmaceutical Services Vetoquinol Virbac Zomedica Pharmaceuticals ************************************ BRAKKE CONSULTING MID-YEAR ANIMAL HEALTH INDUSTRY OVERVIEW A big thank you to everyone that attended last week’s 2020 Mid-Year Animal Health Industry Overview. The attendance was greater than we expected, and we appreciate your interest in our views of the growth and resilience of the animal health industry and the hot topics in the companion animal and livestock businesses. If you would like to have the Mid-Year overview presented to your company, please let us know by emailing Bob Jones at rwjones@brakkeconsulting.com. If you missed it and would like to see a recording, let us know too. Finally, we’d love to hear from you about what topics you’d like us to cover in the next Industry Overview, scheduled for early 2021. www.BrakkeConsulting.com ************************************ COMPANY EARNINGS RELEASES Patterson Companies, Inc. reported results for its fiscal first quarter ended July 25, 2020. Reported net sales in the Animal Health segment were $812 million, a decline of 0.7%
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September 3, 2020
Animal Health News & Notes for August 28, 2020
*********************************** Brakke Consulting’s Animal Health News & Notes for August 28, 2020 Copyright © Brakke Consulting Editor: Lynn Fondon DVM MBA ************************************ IN THE NEWS: Brakke Consulting News Mid-year Overview Webinar – today at 11:00am EDT- still time to register! COVID-19: Impact on Pet Care – final report now available Earnings News M. Smucker Phibro zooplus Other News AdvaVet Animal Supply Company (Phillips) Animal Supply Company (investment) Bionote USA Boehringer Ingelheim CryoPDP Cryoport The Dodo MVE Biological Solutions Nulo Oasmia Pharmaceutical Petco Phillips Pet Food & Supplies ************************************ BRAKKE CONSULTING The 2020 Midyear Industry Overview Webinar Date: August 28, 2020 Time: 11:00 am – 12:30 pm EDT THERE’S STILL TIME TO SIGN UP! The Midyear Overview will check in on top animal health company performance and key operational highlights for the first half of the year, especially in light of the lockdowns due to COVID-19. We will highlight public animal health company investment performance and explore how resilient animal health companies have been given the economic pressures of the pandemic and will describe what the winners have done to be successful. The presentation will include new, unpublished data tracking the impact of COVID-19 on pet care as owners have weathered upheaval in their daily lives, plus some fascinating data on the performance of veterinary practices, including their use of telemedicine
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August 27, 2020
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