This Week in Animal Health: Neogen Reports Flat 1st Quarter Sales

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Brakke Consulting’s
Animal Health News & Notes for October 10, 2025
Copyright © Brakke Consulting
Editor: Christine Merle DVM, MBA, CVPM
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IN THE NEWS:

Earnings News
ImmuCell
Neogen

Company News
Alltech
Bimeda Animal Health
Brown Stone Capital Limited
Central Garden & Pet
Chewy Health
CJ Feed & Care
CowManager
De Heus
Elanco
Jaguar Animal Health
MiDog Animal Diagnostics
Petplan (UK)
Pawsible Ventures
Radimal
Snoretox
Terravet
Terramed

Animal Health News 
United States

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Earnings News Releases

• The unaudited sales results for ImmuCell Corporation’s third quarter of 2025 were released. While in the third quarter sales versus previous year showed an 8% decrease, the year to date sales reflected a 7% increase versus the previous year. (company press release)
• Neogen released their first quarter 2026 (ending August 31, 2025). Core revenue of $209.2 million was achieved in the first quarter.  When excluding completed divestitures, discontinued product lines and impact of foreign currency translation it reflects a 0.3% increase over the prior year same quarter. Recent implementation of cost initiatives including reduction in headcount has led them to maintain their full year outlook. (com)

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Company News Releases

• A U.S. District Judge dismissed federal antitrust claims in a proposed nationwide class action lawsuit accusing Elanco of monopolizing to fix prices and restrict competition for flea, tick products by pressuring pet specialty retailers not to sell rival, generic versions of their imidacloprid insecticide Advantix. The judge did allow the case to proceed for now under antitrust laws in 29 states and the District of Columbia. (com)
• The Human Animal Bond Research Institute (HABRI) partnered with Chewy Health for the Pet Health Challenges Study. The findings have led to The Bond Factor, a guide for veterinary professionals applying the insights from the study and actionable next steps. (com)
• Bimeda Animal Health launchs the first FDA- approved generic treatment for bovine respiratory disease, an injectable solution called Gamrozyne (gamithromycin) (com)
• Jaguar Animal Health entered into a securities purchase agreement with Brown Stone Capital Limited agreeing to issue and sell shares and pre-funded warrants in a private placement. (com)
• Alltech has launched their next generation of mycotoxin management solutions, Mycosorb Evo and Mycosorb A+Evo. (com)
• Cal Athletics and Central Garden & Pet have partnered to promote pet welfare and the human animal bond.  The partnership includes spotlighting pet adoptions and sharing photos of pets in their Cal gear. (central.com)
• Strengthening its presence in Asia, De Heus has agreed to acquire 100% of CJ Feed & Care’s operations in Vietnam, Indonesia, South Korea, Cambodia and the Phillippines. (com)
• Cornell University College of Veterinary Medicine has chosen Radimal , a veterinary radiology service that combines AI assessments with board certified specialist consultations, as their imaging overflow support preferred partner. (com)
• MiDog Animal Diagnostics has released the first set of parasite reference genomes for companion animals and wildlife. It is available publicly through the National Center for Biotechnology Information (NCBI). The work is supported through a partnership with the Harold W. Manter Laboratory of Parasitology in Lincoln, Nebraska. (com)
• The winner of the 2025 Emerging Company Innovation Award at the Animal Health Summit was Snoretox, a muscle-targeted neuromuscular stimulant drug in dogs suffering from BOAS syndrome. (org)
• CowManager has released their latest innovation, Find My Cow Flash, a solution that features a built-in flashing LED on the CowManager ear sensor, that helps producers easily identify and locate the animals that they are looking for. (company press release)
• Vancouver- based Pawsible Ventures, has launched a $10 million venture fund and studio that combines capital, incubation and distribution under one roof. (com)
• With expansions into fertility and ophthalmology providers, Terravet, a real estate group specializing in veterinary properties is now Terramed Real Estate Solutions. (com)
• UK- Petplan, a pet insurer, has unveiled a new digital tool, Coverage Certainty, that allows veterinary teams to instantly check confirmation of insurance coverage for conditions against their client’s insurance policy allowing sooner treatment decisions to be made 24/7. ( com)

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Animal Health Stock Price Tracker

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Animal Health News

• US- CALIFORNIA- Governor Newsom recently signed AB516 which affects the scope of practice for Registered veterinary technicians and veterinary assistants to be performed under the supervision or order of a veterinarian. It includes the ability for Registered veterinary technicians to perform dental care procedures, including tooth extractions, under the supervision of a veterinarian. (ca.gov)

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Brakke Consulting Viewpoint
September’s US unemployment data from the Bureau of Labor Statistics are not yet available due to the government shutdown, but through August 2025, the data seems to indicate that the unemployment rate is ticking up and that there are more job seekers than there are new job openings. What does this mean for hiring?

Brakke Consulting recently conducted the 2025 Hiring Survey, focusing specifically on the animal health sector. The results point to slight improvements despite the current turbulent employment environment. Notably, nearly two-thirds of respondents reported that their company achieved all its hiring objectives. Additionally, the average time to hire has improved slightly compared to last year. Nonetheless, when viewed over a longer period, the data reveals that the overall time required to fill positions has generally increased since the COVID-19 pandemic.

The survey also highlighted several hiring trends in our industry. These trends include employee turnover rates, the use of recruiters, time-to-hire metrics, the integration of video technology in recruiting processes, the use of “soft skills” assessments to evaluate candidate suitability, and the growing importance of employer branding.

Thanks to all who completed the survey. The full results will be shared via a webinar later this year for survey participants. If you’d like to attend, please contact me or Amanda McDavid.

Jeff Santosuosso

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Your View 
Last week, we asked about your experience with itchy dogs. Half of you said you didn’t change veterinarians to treat your itchy dog. Another 39% said you’ve not had a dog itchy enough to require veterinary attention. (Congratulations!) Only 10% said they had to switch.

This week
If you had to travel recently, you know that delayed data reporting isn’t the only thing being affected by the government shutdown.

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CORRECTION- In last week’s viewpoint it incorrectly stated what the recent label modification to Zenrelia was – it should have stated that the modification “removed the risk of fatal vaccine-induced disease from modified live virus vaccine from the labeling.”