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The Experts in Animal Health
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2023 Animal Health Summit
August 28-29, 2023
Location: Midland Theatre | Kansas City, MO
Registration is now open for the 2023 Animal Health Summit.
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Register
today! The Animal Health Summit
features two days of networking, 1:1 business partnering, industry thought
leaders, panel discussions, speakers and emerging company presentations. Learn more.
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Company Earnings Releases - Patterson Companies, Inc. reported results
for its fiscal year ended April 29, 2023. Animal Health net sales were $3.96
billion, a year-over-year decline of 0.5% (internal sales growth of 3.4%).
Animal Health operating income for the year was $127 million, an increase of
11%. (company press release)
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Company News Releases - Colgate-Palmolive
Company is partnering with Aera
Technology to automate complex decision making for its Hill’s Pet Nutrition division to optimize product deployment
decisions across its fulfillment network of Hill’s Science Diet and Hill’s
Prescription Diet plants, and mixing and distribution centers. (Pet Product News)
- KineticVet announced the
availability of RE-COVR (tripelennamine hydrochloride injection), an injectable
antihistamine indicated for use in cattle (beef & dairy) and horses. (Hoards)
- Cascade Animal Sciences announced the launch
of its first dietary supplement product called Neuro-Pro, created for
middle-to-senior-aged dogs and dogs that require neurological support.
Neuro-Pro can be added to dogs’ regular feed and includes a medium-chain
triglyceride (MCT) formulation that acts as an alternative fuel source for the
brain with anti-inflammatory effects. (DVM360)
- QSM Diagnostics announced a
distribution agreement with Penn
Veterinary Supply. (company press release)
- Kiora Pharmaceuticals, Inc. and Sentrx Animal Care announced they have
amended their existing licensing agreement for patents and technology related
to Kiora's KIO-201 product candidate, a modified form of the natural polymer
hyaluronic acid, designed to accelerate corneal wound healing. (Finance.yahoo.com)
- 20/20 Imaging and Medovate Ltd announced a distribution
agreement to bring SAFIRA (Safer Injection for Regional Anesthesia) to the
veterinary industry. SAFIRA is a medical device designed to limit injection
pressure and automatically stop injection at high pressures, helping to reduce
the risk of nerve injury and improving patient safety. (DVM360)
- BrightPet Nutrition
Group announced
the acquisition of raw pet food manufacturer Raw Advantage Processing. This is the third acquisition that
BrightPet has completed with the backing of A&M Capital Partners. In
addition to greater scale and manufacturing, Raw Advantage provides the Company
with a West Coast base of operations. Financial terms were not disclosed. (Pet Business)
- Upside Foods announced that it has
received USDA approval for the label on its cell-cultivated chicken, making it
the second company in the United States to secure that approval. (Veterinary Advantage -
Reuters)
- Topspin Consumer
Partners
announced it has acquired the consumer products division of Three Dog Bakery. Three Dog Bakery’s
existing management team will continue to lead the Company in their current
roles. Financial terms were not disclosed. (Pet Business)
- Roch announced the launch
of The Roch Standard, the world's first universal dog friendly standard and
certification process, designed to capture the dog-friendly policies and
position of a business in order to rank them against their regional and
industry peers. (Pet Business)
- INDIA
L
Catterton announced it has invested around $60 million in Drools Pet Food Private Limited, a pet
food company in India. (Pet Product News)
- FINLAND Finnforel
Oy and Alltech announced they
have acquired fish feed factory Raisioaqua,
now operating as Alltech Fennoaqua Oy.
Alltech Coppens, Alltech’s aquaculture nutrition company, will support the
company. Financial terms were not disclosed. (Feed Strategy)
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Brakke Consulting
Transaction Insights: Unlocking the Secrets to Successful Business Deals in Animal Health New seminar coming August 30-31, 2023 in Kansas City
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Are you seeking to navigate the complex landscape of buying and selling businesses in the animal health and nutrition industry? We are excited to announce the relaunch of our educational due diligence seminar, tailored specifically for animal health professionals.
It’s more than just due diligence – we will help you unlock the secrets to successful deals in animal health. Our comprehensive seminar is designed to equip you with the knowledge, tools, and strategies to make informed decisions and to successfully manage a transaction. Presenters include Bob Jones, Jim Kroman, Randy Freides, and Ron Brakke as well as Damian Burke, Main Street Capital and Mark Stoneman, Armstrong, Teasdale, LLP. The preliminary agenda can be found here.
This Seminar will be held after the KCAHC Animal Health Summit in Kansas City on Wednesday and Thursday, August 30-31. Click here to sign up today and receive a discount.
For more information, contact Amanda McDavid at amcdavid@brakkeconsulting.com or 336.396.3916.
www.BrakkeConsulting.com
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Animal Health Stock Price Tracker
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Animal Health News - US - BVDV
A high seroprevalence rate of bovine diarrhea virus (BVDV) in wild pigs
has been found in several US states, according to a recent study by
investigators at the Auburn University College of Veterinary Medicine. Cattle
are known as the dominant source of BVDV infection for pigs. Although pigs do
not necessarily show signs of BVDV when infected, and the virus does not pose a
threat to the species, it can be transmitted back to cattle and other
ruminants. (DVM360)
- US - SWINE HEALTH A team of Agricultural Research Service (ARS)
and university scientists announced that HotHog, a new smartphone application
that predicts heat stress in pigs, is now available for download and use.
HotHog taps into local weather data to predict the relative comfort or heat
stress levels of pigs on an hourly, daily or weekly basis. (Feedstuffs - subscription)
- US - HOUSING REGULATIONS New federal bills aim to prohibit breed
restrictions in public housing and provide support for unhoused people with
pets to help them find emergency housing with their pets. The Providing for
Unhoused People with Pets (PUPP) Act would provide grants to homeless shelters
to support residents with pets, authorizing the USDA and the U.S. Department of
Housing and Urban Development secretaries to award one-time grants to emergency
shelters to acquire, rehabilitate, repurpose, retrofit or construct a property
to be used to accommodate unhoused individuals with pets. Additionally, it
would fund pet-related operating costs, including basic veterinary and
behavioral services. The Pets Belong with Families Act would prohibit public
housing agencies from imposing breed-specific restrictions as well as
discourage those entities from imposing size and weight restrictions. (Vet Advantage)
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Brakke Consulting Viewpoint
Am
I the only person reading current economic news that feels perpetually
confused? I read that inflation is
coming down (albeit slowly), interest rates are poised to rise slightly (but
not too much) higher, employment levels continue to grow, and we are facing a recession
in 2023 / 24 (or maybe not!). My guess
is that at least a few of your share this confusion, which of course brings
apprehension as well. Are we doing the
right things, and do we even know what the right things are?
Times
of uncertainty often call for us to go “back to basics,” to be sure that we are
managing the small things. This could mean a careful focus on cost control,
aggressive marketing efforts to develop new customers and clients, renewed
efforts to simplify our purchasing and inventory management so that the right
products are available at the right time, etc.
These are generally the building blocks that successful businesses are
built on; and they are effective actions at almost any point in your business’
life cycle.
Whether
you manufacture goods or operate a veterinary practice, think about the basics
that keep your business going. Now is
the time to be sure that you have control of the issues that you CAN control. None of us can control the overall economy,
but we can make sure that our life – and our business – is in the best possible
shape to withstand the pressures of the unknown.
Jim Kroman
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Your View
Last week we asked if your company has any initiatives focused on
building or maintaining your customers’ trust.
69% replied “no,” and 31% said “yes.”
See the above; perhaps this is the time for that 69% to re-focus a bit
on trust.
This week
This week’s question focuses on fun! Now that we have survived the pandemic, will
you attend a professional sporting event this summer? Any professional sport will do – baseball,
soccer, racing, whatever. Let us know.
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Do you plan to attend a professional sporting event this summer?
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For more information about Brakke Consulting's services and
syndicated studies, visit our website at www.brakkeconsulting.com.
Brakke
Consulting
806
Green Valley Rd
Suite 200
Greensboro, NC 27408
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