Page 56 of 72
Animal Health News & Notes for October 7, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for October 7, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* JUMP TO: earnings news Dainippon Dechra other news Alltech Bayer Biogal Bioniche Dechra Doane Pet Care Firstrax Hendrix Genetics Intervet ISA Microbix Nutreco Pet Ecology Brands Pfizer Royal Canin Sequent Synbiotics Tenusa Toray Industries Trouw Nutrition ******************************************************************* Brakke Consulting, Inc. 2006 U.S. Animal Health Manufacturers, Distributors & Services Directory ONE WEEK LEFT TO BE INCLUDED! LISTINGS DUE OCTOBER 15TH If your company was listed in last year’s directory, then update the listing that was mailed to your company, and fax it to 972.243.0925 by October 15th. To request information on how your company can be listed or to ask any questions concerning your company’s listing, contact Jane Morgan at 972.243.4033 or email her at jmorgan@brakkeconsulting.com. Orders are also being taken for directories, which will be ready in early 2006. ******************************************************************* COMPANY EARNINGS RELEASES > Dainippon Pharmaceuticals reported that net sales of its animal health division for the fiscal year ending March 31, 2005 declined by 4% to 27,356 million yen ($255 million). The decrease was mainly due to the termination of the distribution agreement with Merial on small animal products in Japan by
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October 7, 2005
Animal Health News & Notes for September 30, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for September 30, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news Bioniche Neogen other news ABAXIS Adisseo Alltech Buckeye Feed Mills Chatani Eight in One Pet Products Eklin Medical Systems Elinc Farnam Mars Merial MSC ******************************************************************* COMPANY EARNINGS RELEASES > Neogen Corporation announced that its net income for the first quarter of FY 2006, which ended Aug. 31, increased 35% from the previous year’s first quarter net income, to $2,140,000. Neogen’s first quarter revenues were $16.8 million, a 10% increase compared to the prior year. Neogen’s Animal Safety Division led the company’s first quarter revenue increase, with sales up 13% to $9.1 million in FY 2006. The quarter marked the 50th consecutive profitable quarter from operations for the company, and was the 54th of the past 59 quarters when Neogen reported revenue increases as compared with the previous year. (company press release) > Bioniche Life Sciences Inc. announced financial results for fiscal year 2005 ended June 30, 2005. The Company’s consolidated revenues for fiscal year 2005 reached C$30.3 million (US$24.7 million) as compared to C$31 million for fiscal year 2004, a 2% decrease. The loss before the discontinued operations reached (C$12.0 million) in 2005
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September 30, 2005
Animal Health News & Notes for September 23, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for September 23, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news Church & Dwight Pet Valu other news Banfield Bovigen Cargill (Fresno meat companies) Cargill (Degussa) Chlorogen Degussa Dow Agrosciences Hill’s IDEXX Kane Veterinary Supplies Lily & Me Monsanto Vetoquinol ******************************************************************* COMPANY EARNINGS RELEASES > Church & Dwight reported financial results for its second quarter ended July 1, 2005. The company reported 5.7% growth with sales of $442 million for the quarter, with strong growth in pet care products. Results included 6% growth in the household products business, which includes cat litter, and 8% growth in specialty products, which includes animal feed ingredients. (Pet Product News) > Pet Valu reported financial results for its second quarter ended July 2, 2005. Revenues were $31.6 million for the quarter, compared to $29.6 million in the comparable period in 2004. The company’s net income for the quarter was $1.0 million, compared to net income of $140,000 in the second quarter of 2004. Pet Value has pet specialty stores in Canada and the US. (Pet Product News) ******************************************************************* AnimalHealthJobs.com 14 New Positions Posted on AnimalHealthJobs.com in September! The new positions include Sales and Marketing Managers,
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September 23, 2005
Animal Health News & Notes for September 16, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for September 16, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news Sygen other news Banfield Elanco GangaGen Life Sciences Jungle Labs PetSmart Spectrum Brands ******************************************************************* COMPANY EARNINGS RELEASES > Sygen International plc announced that group profit before tax, amortization and exceptional items for the financial year ended June 30, 2005 was up 66% to 11.1 million pounds ($20 million) at constant exchange rates, and at actual rates, profit before tax, amortization and exceptional items was up 54% to 10.3 million pounds ($18.6 million), compared with 6.7 million pounds last year. PIC’s operating performance for the year was stronger than anticipated at the half-year, with an improvement in operating profit of 42% over prior year at 21.0 million pounds ($37.9 million). (company website) ****************************************************************** Brakke Consulting, Inc. 2006 U.S. Animal Health Manufacturers, Distributors & Services Directory – Updating Company Information If your company was listed in our 2005 directory, then the president or another key person should have received their letter dated September 6th asking for current company information. Thank you to those who have already faxed them back to us. To be included in Brakke’s 2006 directory at no charge, update
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September 16, 2005
Animal Health News & Notes for September 9, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for September 9, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news Cal-Maine Honest Kitchen other news AgInfoLink APEIS Bayer (Baytril) Bayer (Merial lawsuit) Healthy Pet Hill’s Iams International Absorbents Merial Pilgrim’s Pride Royal Pet Meals S&M Nutec Suedfleisch ThirstyPooch.com Vion ******************************************************************* COMPANY EARNINGS RELEASES > Cal-Maine reported results for the year ended May 28, 2005. Net sales were $375 million compared with net sales of $572 million in FY 2004. The company reported a net loss of ($10.4) million compared with net income of $66.4 million in FY 2004. The company attributed the results to an oversupply of eggs following the decline in popularity of high-protein diets. (Poultry Times) > Honest Kitchen Inc., a manufacturer of dehydrated raw dog foods, posted sales of $590,000 for the first six months of 2005, an increase of 198% from the year-ago period. The company, founded in 2002, plans to launch its cat food this fall. (Pet Product News) ****************************************************************** Brakke Consulting, Inc. 2006 U.S. Animal Health Manufacturers, Distributors & Services Directory – Updating Company Information If your company was listed in our 2005 directory, then the president or another key person should have received their
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September 9, 2005
Animal Health News & Notes for September 2, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for September 2, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news Del Monte Virbac Corp. other news American Foods Group Aviagen British United Turkeys CareCredit Doane Pet Care Iams IDEXX Merial Rosen’s Diversified Sound Technologies ******************************************************************* AnimalHealthJobs.com New jobs posted! A number of new positions have been posted at AnimalHealthJobs.com in the past two weeks. Have you visited the site recently? Stop by and see why AnimalHealthJobs.com is the easiest way to find and apply to open positions in the animal health industry. www.AnimalHealthJobs.com ******************************************************************* COMPANY EARNINGS RELEASES > Virbac Corporation announced that it has filed its 2004 Annual Report on Form10-K. Virbac reported net income of $1.5 million on revenues of $77.1 million in 2004 as compared to a loss of ($5.0) million on revenues of $67.1 million in 2003. The increase in revenues is mainly attributable to the King and Delmarva product portfolio acquisitions made by Virbac in late 2003. These product portfolios have also contributed to higher overall gross profit margins. (company press release) > Del Monte Foods Company reported results for the first quarter ended July 31, 2005. Pet Products net sales were $194.4 million, an increase
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September 2, 2005
Animal Health News & Notes for August 26, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for August 26, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news Cargill PETCO PETsMART Ridley Sanderson Farms Smithfield Foods Swift & Co. Webster Veterinary Supply other news NutriVision ******************************************************************* COMPANY EARNINGS RELEASES > Patterson Companies, Inc. reported results for the first quarter of fiscal 2006 ended July 30. Sales of the Webster Veterinary Supply unit increased approximately 9% in the first quarter of fiscal 2006 to $85 million on a comparable basis. The positive impact of the October 2004 acquisition of Milburn Distributions on Webster’s first quarter sales was largely offset by the loss of revenues related to two factors: the decision by the manufacturer of ProHeart 6 to voluntarily recall this product in last year’s third quarter and the impact of the extra week in last year’s first quarter. (Business Wire) > PETsMART, Inc. reported net sales of $899 million in the second quarter of fiscal 2005, which ended July 31, 2005, up 11.6% from the same period in 2004. Comparable store sales grew 4.2% in the second quarter. Net income was $35.7 million for the second quarter, compared with net income of $29.1 million for the second quarter of fiscal 2004.
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August 26, 2005
Animal Health News & Notes for August 19, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for August 19, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news CEVA Doane Pet Care Heska Nestle Provimi Synbiotics other news Cal-Maine Dechra Hillandale Farms Intervet (PRRS vaccine) Intervet (cattle vaccine) Novus NutriTech Solutions Pfizer Smithfield Foods Sparhawk Labs ******************************************************************* COMPANY EARNINGS RELEASES > CEVA Sante Animale reported results for first half of 2005. Turnover of the CEVA Sante Animale Group came to EUR 122.5 million ($148 million) over the first half of 2005, up 9% on the first half of 2004. The Group’s “Animal Health” business earned EUR 120 million ($145 million) over the same period, an increase of 9.6% over 2004. (company press release) > Heska Corp. reported financial results for its second quarter ended June 30, 2005. Total revenue for the second quarter was $16.6 million, a decrease of 7% from the second quarter of 2004. Net loss was ($767,000), compared to a net loss of ($1,388,000) in the second quarter of 2004. (company press release) > Synbiotics Corporation announced its financial results for the quarter ended June 30, 2005. Net loss for the quarter was ($604,000) compared to net income of $357,000 for the second quarter of 2004.
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August 19, 2005
Animal Health News & Notes for August 12, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for August 12, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news Bayer Digital Angel eMerge Interactive Gold Kist MWI Premium Standard Farms other news ABAXIS AgVax Developments Intervet Maine Biological Laboratory Monsanto Seaboard Farms Tyson Foods ******************************************************************* COMPANY EARNINGS RELEASES > Bayer announced results for the second quarter of 2005. The Animal Health group reported revenues of EUR 229 million ($276 million), an increase of 1.8% compared to the first quarter of 2004. A decline in Europe was more than offset by strong growth in other regions and the market launch of Advocate, a combination antiparasitic for dogs. Sales for the first half of 2005 were EUR 428 million ($516 million), an increase of 6.2% compared to the comparable period in the prior year. (company website) > MWI Veterinary Supply, Inc. announced financial results for its third fiscal quarter and nine months ended on June 30, 2005. Total revenues grew 29.9% to $138 million for the three months ended June 30, 2005. Total revenues for the nine months ended June 30, 2005 grew 25.1% to $363 million. Net income rose 96.2% to $1.4 million for the three months ended June 30, 2005. Net
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August 12, 2005
Animal Health News & Notes for August 5, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for August 5, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news Alpharma Boehringer Ingelheim Vetmedica Central Garden & Pet Embrex IDEXX Maple Leaf Tyson Foods other news Iams ConAgra MWI Novartis Pilgrims Pride Trillennium Medical Imaging ******************************************************************* COMPANY EARNINGS RELEASES > Boehringer Ingelheim reported results for the first half of 2005. Sales for the animal health division Boehringer Ingelheim Vetmedica were EUR 167 million ($201 million), a 5% increase compared to the first half of 2004. (company website) top > Alpharma Inc. announced results for the second quarter of 2005. Animal Health revenues were $80 million compared to $72 million in 2004, an increase of 12%. Excluding the positive impact of foreign currency and revenues related to the Aquatics operation sold in the third quarter of 2004, revenues grew 15%. Revenue growth was driven by strong sales in US livestock markets and the European region. (company press release) top > IDEXX Laboratories, Inc. reported that revenue for the second quarter of 2005 increased 17% to $161 million from $137 million for the second quarter of 2004. Companion Animal Group (CAG) revenue for the second quarter of 2005 increased 17% to $131
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August 5, 2005
Animal Health News & Notes for July 29, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for July 29, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news ABAXIS Hill’s Land O’Lakes Neogen PetMed Express Pilgrim’s Pride VCA Antech other news Actavis-Razgrad AFP Imaging Bayer Biovet Digital Angel Ethical Products FLAVORx Heska Ivax Lambert Kay Pet Pal Corp. Teva Veredus Labs ******************************************************************* COMPANY EARNINGS RELEASES > Colgate reported results for the second quarter of 2005. Innovative new products and veterinary endorsements continue to drive growth at Hill’s Pet Nutrition. Unit volume grew 3.5% in the second quarter and dollar sales rose 6.0% to $376 million, reflecting favorable 2.0% foreign exchange and the effect of price increases taken in 2004. Dollar operating profit increased 3% despite a double-digit increase in commercial spending. (company press release) > Neogen Corporation announced a 13% increase in revenues for its 2005 fiscal year, which ended May 31, and a continuation of the company’s outstanding record of profitability. FY 2005 revenues were $62.8 million, up from $55.5 million in Neogen’s previous fiscal year. Neogen’s net income for the year was $5.9 million, up 16%. (company press release) > ABAXIS, Inc. reported financial results for the first fiscal quarter ended June 30, 2005. For the first
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July 29, 2005
Animal Health News & Notes for July 22, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for July 22, 2005 Copyright © Brakke Consulting, Inc. Editor: Lynn Fondon, DVM, MBA ******************************************************************* IN THE NEWS: earnings news Del Monte Elanco Fort Dodge ImmuCell Intervet Merial Pfizer Schering-Plough Virbac SA other news Bain Capital Charlesbank Capital Partners Cross VetPharm DermaPet Farnam (Bite Free) Farnam (tags) Fort Dodge Novartis Pet Ecology Brands Pfizer Tyson Walco ******************************************************************* COMPANY EARNINGS RELEASES > Pfizer reported results for the second quarter of 2005. Animal Health revenues increased 19% in the quarter to $578 million. Revenues for the first half of the year increased 18% to $1,073 million. (company press release) > Merck reported results for the second quarter of 2005. Merial, the 50:50 joint venture with Sanofi-Aventis, reported sales of $523 million for the quarter, an increase of 12% compared to the comparable period in the prior year. Sales for the first half of 2005 were $1,027 million, an increase of 15%. (company website) > Wyeth reported net revenue for its animal health division Fort Dodge increased 2% for the 2005 second quarter to $245 million, and 7% for the 2005 first half due to $490 million, primarily to higher sales of livestock and poultry products. Increases in net revenue were offset, in part, by
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July 22, 2005
Animal Health News & Notes for July 15, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for July 15, 2005 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: other news 24PetWatch Advanstar Dainippon Doskocil Elanco Neogen Pfizer Smithfield Foods Stylette Pet Products ****************************************************************** BRAKKE CONSULTING, INC. The Success of Veterinarians Is Essential The Brakke Veterinary Practice Management Group have become some of the most frequent speakers at veterinary association meetings throughout the U.S. and abroad. They consistently fill the rooms when they present veterinary management seminars. BVPMG can help your company increase its value to existing and potential veterinary customers through sponsored seminars that are educational, relevant, enjoyable and very beneficial to veterinarians and their staffs. Contact Dr. Christine Merle at cmerle@brakkeconsulting.com to learn how our practice management consultants can help maximize your company’s exposure to the veterinary profession. www.BrakkeConsulting.com ******************************************************************* COMPANY NEWS RELEASES > The FDA amended the animal drug regulations to reflect approval of a new animal drug application (NADA) filed by Pfizer, Inc. The NADA provides for the veterinary prescription use of tulathromycin solution in cattle and in swine, by injection, for the management of respiratory disease. FDA is also amending the regulations to add the acceptable daily intake for total residues of tulathromycin and tolerances for residues of tulathromycin in edible tissues of cattle
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July 15, 2005
Animal Health News & Notes for July 8, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for July 8, 2005 Copyright © Brakke Consulting, Inc. ******************************************************************* JUMP TO: other news Animal Profiling International AvVaa Blackwell Publishing Burns Veterinary Supply Butler Del Monte Hill’s IDEXX Lippincott Mars Neogen Peptech Pet’s Choice UCB VCA Antech ****************************************************************** BRAKKE CONSULTING, INC. Executive and Sales Force Recruiting If our your firm has never used Brakke Consulting’s executive search and recruitment services, we encourage you to either visit our website at www.BrakkeConsulting.com or call any of our offices to learn more about how we are uniquely qualified to help you find the best possible candidates for positions with your company. www.BrakkeConsulting.com ******************************************************************* COMPANY NEWS RELEASES > IDEXX Laboratories, Inc. announced the launch of the new VetStat Electrolyte and Blood Gas Analyzer, an in-house blood gas analyzer modified specifically for veterinarians. This new diagnostic instrument will help practitioners analyze blood gases, ionized calcium, anion gap and electrolytes. (company website) > Hill’s Pet Nutrition Inc. announced its new Hill’s Science Diet Indoor Cat formula. Nutritionally balanced for cats living predominantly inside, Indoor Cat pet food is ideal for less-active, neutered adult cats. The product is also enriched with L-carnitine to help convert fat into energy, and in addition to the nutritional balance, special natural fiber technology
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July 8, 2005
Animal Health News & Notes for July 1, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for July 1, 2005 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings news ConAgra Foods other news ADM PETCO PETsMART Schering-Plough Takeda VetCentric Veterinary Products Laboratories ******************************************************************* COMPANY EARNINGS RELEASES > ConAgra Foods Inc. reported results for the fiscal 2005 fourth quarter ended May 29, 2005. Fourth-quarter earnings dropped 40%, primarily due to lower profits from its packaged meats. Net income fell to $101.9 million, from $169.3 million for the year-ago quarter. Sales for the quarter were $3.7 billion, down 4% versus last year; on a comparable basis, current quarter sales increased 4% after adjusting for the estimated benefit from an additional week in the fourth quarter of fiscal 2004. Fiscal 2005 sales were $14.6 billion, 3% above last year’s sales of $14.1 billion. (Business Wire, Meating Place) ****************************************************************** BRAKKE CONSULTING, INC. Veterinary Market Surveying If your firm needs help assessing the feasibility of a new product or technology, identifying the opinions and trends of product consumers, or determining the current market for products, Brakke Consulting, Inc. can build a market study to meet your needs. We have a database of small animal and equine veterinarians and the ability to custom-tailor surveys of other animal health consumers. We also produce syndicated
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July 1, 2005
Animal Health News & Notes for June 24, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for June 24, 2005 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings news Peptech other news Alpharma Biomune Capper CEVA First Pet Life Fort Dodge MiracleCorp Novartis (lawsuit) Novartis (vaccine) Pennfield Phoenix Scientific QuickCare Pet Insurance Programs Veterinary Pet Insurance ******************************************************************* COMPANY EARNINGS RELEASES > Peptech reported results for the half-year ended March 31, 2005. The company’s Animal Health division recorded revenues of AU$700,000 ($US 535,000), more than double the AU$300,000 recorded in the first half of last year. This reflects higher sales of its equine hormone implant Ovuplant, and initial sales of the canine contraceptive Suprelorin, which was launched in Australia in November 2004. The company plans to launch Suprelorin in European markets in 2007 and in the US in 2008. (Animal Pharm) ****************************************************************** BRAKKE CONSULTING, INC. MORE THAN MEETS THE EYE Most participants in the animal health industry know Brakke Consulting. But not everyone is aware of the breadth of our consulting services. Brakke Consulting has experience in General consulting Strategic planning Executive and sales force recruiting Veterinary surveying & market research Technology and licensing Communications Due diligence, mergers and acquisition assistance Syndicated market studies Veterinary practice management Brakke Consulting’s team of experienced animal health professionals brings
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June 24, 2005
Animal Health News & Notes for June 17, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for June 17, 2005 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: other news American Foods Group Bimeda Boehringer Ingelheim Vetmedica Farnam Nutramax Labs Orion Pharma Pet Supermarket Pfizer Premium Standard Farms Rosen’s Diversified W.F. Young ****************************************************************** AnimalHealthJobs.com. The job site dedicated to the Animal Health Industry AnimalHealthJobs.com continues to add job postings and jobseekers regularly. It is our mission to help employers and jobseekers in the animal health industry find one another in an efficient, cost-effective manner. Some of our site statistics since launching 6 months ago: – Over 100,000 visits – Averaging over 700 visits daily – Average of 300 views per posted job – Over 780 Jobseekers registered We invite you to follow the link below and visit the site to see for yourself how AnimalHealthJobs.com can streamline your recruiting or job search efforts. www.AnimalHealthJobs.com ******************************************************************* COMPANY NEWS RELEASES > Pfizer and Orion Pharma announced that they have extended their marketing and development agreements in the areas of pain management and sedation. Pfizer currently markets Orion’s Dormosedan (detomidine), Domitor (medetomidine) and Antisedan (atipamezol) in the US and most European markets, and will begin marketing them in major Asian, Latin American and Middle Eastern countries. Financial terms were
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June 17, 2005
Animal Health News & Notes for June 10, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for June 10, 2005 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings news Embrex Smithfield Foods other news Biovet Global Animal Management Greer Hartz Intervet Kent Feeds Merial Noveko Echographs Pethealth ProMetic Life Sciences Schering-Plough Top Meadow Life Sciences ****************************************************************** COMPANY EARNINGS RELEASES > Embrex Inc. reported decreased earnings for its first period on increased revenues, citing changes in its product mix and lower device sales. For its quarter ended March 31, Embrex reported net earnings of $610,000 on revenues of $12.8 million, compared with $1.1 million on revenues of $12.0 million in its first quarter last year. (Feedstuffs online) > Smithfield Foods reported fourth-quarter earnings of $85.4 million on sales of $2.92 billion. The earnings marked a 30% drop from the $122.7 million it earned in the fourth quarter of fiscal 2004, which included the sale of Schneider Corp. and income from discontinued operations. With those one-time gains removed, profits last year would have totaled $71.1 million. For the full year, Smithfield earned $296.2 million, an increase over the $227.1 million earned in 2004. Excluding the one-time gains, earnings last year would have been $162.7 million. Sales increased by over $2 billion, to $11.35 billion from $9.27 billion. (Meating Place)
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June 10, 2005
Animal Health News & Notes for June 3, 2005
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for June 3, 2005 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings news: CEVA other news Boehringer Ingelheim Vetmedica Central Garden & Pet Digital Angel Fort Dodge GPS Tracks Pets International ****************************************************************** COMPANY EARNINGS RELEASES > The CEVA Group announced financial results for the first quarter 2005. The Group achieved a turnover of EURO 55.2 million ($71 million), an increase of 3% compared to the same period of year 2004, like for like. Turnover from CEVA DIF, CEVA’s new Turkish subsidiary, will only be consolidated from the second quarter 2005. The Animal Health division increased 4% to EURO 52.9 million ($68 million). This performance is particularly linked to the EU results on the traditional farming market and the pet market. Results are more contrasted in the International Zone with economic difficulties in North America and North Africa and a very good performance in Eastern Europe and Latin America. (company communication) ******************************************************************* BRAKKE CONSULTING, INC. Executive and Sales Force Recruiting Since 1986 Brakke Consulting, Inc. has successfully assisted many clients acquire exceptional employees at all levels, in the many departments of animal health, pet, veterinary and specialty chemical companies. We strive to pre-qualify candidates, allowing clients to choose from a few of
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June 3, 2005
Animal Health News & Notes for May 27, 2005
printer friendly version Brakke Consulting’s Animal Health News & Notes for May 27, 2005 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings news: Hartville Group PETCO Sanderson Farms Webster Veterinary Supply other news Global Animal Management Nutrition Plus Pet’s Choice Schering-Plough VCA Antech Vetz Magazine ****************************************************************** COMPANY EARNINGS RELEASES > Patterson Companies, Inc. reported results for the fourth quarter of fiscal 2005 ended April 30. Sales of the Webster Veterinary Supply unit increased 54% in the fourth quarter to $82 million, which included contributions from the acquisitions of ProVet in late April 2004 and Milburn Distributions, Inc. in October 2004. Excluding the ProHeart 6 sales in last year’s fourth quarter and the impact of the two acquisitions, Webster’s sales increased approximately 12% in the fourth quarter. Webster’s sales for the year ended April 30 were $292 million. (Business Wire) > PETCO Animal Supplies, Inc. reported financial results for the first quarter ended April 30, 2005. Net sales in the first quarter of 2005 were $479.6 million with a comparable store net sales increase of 5.2%. Overall, net sales increased 12.6% over the first quarter of fiscal 2004. Net earnings for the first quarter increased to $17.2 million, compared to net earnings of $15.8 million in the prior year first quarter. Excluding debt retirement costs
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May 27, 2005
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