ANIMAL HEALTH INDUSTRY NEWS-August

This month, we spotlight significant expansions and innovations in Latin America, including Zomedica Corp.'s new distribution partnership in Costa Rica and MSD Animal Health Peru's groundbreaking injectable preventive treatment. In addition, we cover important acquisitions, product launches, and research advancements from leading companies such as Jorgensen Laboratories, Dechra Pharmaceuticals, and Zoetis Brasil. The Brazilian animal health sector continues to show robust growth, with projections indicating a 9% annual increase through 2027, driven by mergers and acquisitions. We also delve into the latest financial results and strategic investments from key industry players like Trupanion, Elanco, and the Petz Group. Join us as we explore these exciting developments and more, shaping the future of animal health.

#animalhealth #veterinaryindustry #regulatoryaffairs #news #launches #business

🟢 Zomedica Corp.: Zomedica Corp. announced the latest expansion of its sales reach into Costa Rica. SIRE Veterinario, S.A. will be the exclusive distributor to veterinarians in the country. (Source: Morningstar.com)

🟢 Laboratorio Paul: Tacrolimus, from Laboratorio Paul Argentina, offers effective treatment for dry keratoconjunctivitis. It is an immunomodulator and tear production stimulant for dry keratoconjunctivitis in companion animals. Tacrolimus was incorporated into veterinary ophthalmology as an immunosuppressant and substitute for cyclosporine, and is currently used as a last resort in KCS. It is a macrolide antibiotic produced by Streptomyces Tsukubaensis. (Source: Motivar.com.ar, Aug. 22nd)

🟢 MSD Animal Health: MSD Animal Health Peru has launched the country’s first annual injectable preventive treatment against fleas, ticks, and mites. Thanks to a unique formula containing fluralaner as the active ingredient (an isoxazoline with potent acaricidal and insecticidal activity), this parasiticide is gradually absorbed at the injection site, providing up to 12 months of efficacy. It is safe to use alongside other medications and vaccines commonly used in pet care. (Source: Revistaeconomía.com, Aug. 21st)

🟢 Nexus Animal Health Consultants reached the #8 position in the search machines and reached the 34th country this month of coverage. Nexus is a global consultancy company focused in LATIN AMERICA helping Animal Health companies to softland in the markets they serve. (Source: animalhealthnexus.com).

🟢 Jorgensen Laboratories, LLC: Jorgensen Laboratories, LLC, announced the acquisition of all assets of Vetlabs, also known as Southeast Vetlabs. This acquisition enhances Jorgensen Labs' product portfolio with several unique products, including the chromogenic specialty media plates for uterine culture in mares. Financial terms were not disclosed. (Source: Company press release)

🟢 Ourofino Saúde Animal: Brazil develops the first single-dose vaccine against Glässer’s disease. Ourofino Saúde Animal, the largest animal health company in Brazil, developed the vaccine after 11 years of research. Brazilian scientists have developed the world’s first single-dose vaccine against Glässer’s disease, one of the main causes of mortality, reduced performance, and antibiotic use in pig farms. According to Finep (Financiadora de Estudos e Projetos), linked to the Ministry of Science and Technology, the causative bacteria can be classified into 15 different serovars, but non-typable strains are often found. In Brazil, highly pathogenic strains are found, and different serovars can be present on the same farm, generating complex mixed infections that can vary from animal to animal. (Source: Poder360.com.br, Aug. 24th)

🟢 Animal Health Brazil: The animal health sector is expected to grow by 9% annually until 2027 in Brazil. A study indicates that the sector's growth will drive mergers and acquisitions activities in Brazil; the country is among the world’s leading animal protein producers and has the world's largest cattle herd. The animal health sector is expected to grow by an average of 9% per year, reaching approximately R$ 15.3 billion by the end of 2027. This economic modeling was conducted by Redirection International, a consultancy specializing in mergers & acquisitions (M&A), analyzing market data and macroeconomic variables for the period. Last year, the sector's revenue was R$ 10.79 billion, according to information from the National Union of Animal Health Products Industry (Sindan). According to the latest survey by the Brazilian Institute of Geography and Statistics (IBGE), in 2022, Brazil had the largest cattle herd in the world, with approximately 234 million head of cattle. The country is also the second-largest global poultry producer, behind only the United States, with an annual production of 14.8 million tons of chicken, according to data from the Brazilian Association of Animal Protein (ABPA). (Source: Newslab.com.br, Aug. 20th)

🟢 Eco Animal Health Group Plc (AIM ): Eco Animal Health Group reported underlying profits ahead of expectations as sales in the US and the rest of the Americas continued to grow strongly. Group sales at the animal antibiotic and vaccines group increased by 5% to £89.4 million in the year to the end of March 2024, though at constant currency were up by 11% to £94.5 million. North American sales were up by 22% to £19.5 million, and Latin America by 10% ahead at £19.9 million, while China dropped 6% to £24.7 million. (tipranks.com, Aug. 23th).

🟢 CDV Argentina: CDV Argentina invests U$S 4 million in a new brucellosis vaccine plant in Argentina. CDV Laboratory announced the opening of its new plant dedicated exclusively to the production of brucellosis vaccines in the Industrial Park of Pilar. The facilities include two completely independent production areas for the two different types of Brucella strains, strain 19 and strain RB51: a quality control laboratory and a service area. They expect to continue growing and achieve a 35% market share. Of the total production, 70% will be destined for international trade, mainly to Latin American, Asian, and Middle Eastern countries. (Source: Motivar.com.ar, Aug. 13th)

🟢 Biogénesis Bagó: Biogénesis Bagó was present at the 15th SIRAC (Cordoba Reproduction Symposium) at the Córdoba Capital Convention Center with new solutions for productivity. At the animal reproduction symposium, Biogénesis Bagó presented the new Ecegon RTU, a tool that optimizes work during the implementation of synchronization protocols for TAI (Timed Artificial Insemination).

🟢 UK The Nutriment Company (TNC): The Nutriment Company (TNC) has made its third UK acquisition of the year after purchasing Pet Treats Wholesale, a UK-based manufacturer of natural dog treats and chews. The British manufacturer offers 150 products and has previously supplied TNC. Financial terms were not disclosed. (Source: Globalpets)

🟢 NaVetor veterinary cloud software: NaVetor veterinary cloud software has announced a new integration with Zoetis Reference Laboratories. NaVetor has also added Gravity Payments to the lineup of merchant services that work with the practice management software. (Source: Company press release)

🟢 Trupanion, Inc.: Trupanion, Inc. announced financial results for the second quarter of 2024. Total revenue was $315 million, an increase of 16% compared to the second quarter of 2023. Net loss was $(5.9) million compared to a net loss of $(13.7) million in the second quarter of 2023. (Source: Company press release)

🟢 Trupanion, Inc.: In partnership with the Centers for Disease Control and Prevention (CDC), and leading pet industry partners, Trupanion, Inc. announced the formation of a collaborative Advisory Board to launch a Pet & Public Health Early Warning & Detection System. The Advisory Board will also be joined by Boehringer Ingelheim, Mars Science & Diagnostics, and other leading pet, public health, and animal health authorities. The Early Warning & Detection System will be centered around Trupanion’s patented Veterinary Portal technology, which is already active in over 10,000 veterinary hospitals in North America and expanding globally. This technology will serve as a link to finding and analyzing signs of illness and health patterns in dogs and cats across breed, age, geography, and more. (Source: Company press release)

🟢 Dechra Pharmaceuticals: Dechra Pharmaceuticals is to acquire US-based Invetx, which specializes in developing protein-based therapeutics for chronic conditions in companion animals, for up to US$520 million in total consideration on a cash-free and debt-free basis. The transaction is in line with Dechra’s long-term strategy to be an innovation leader in companion animal health. Invetx’s proprietary biotechnology innovation platform combines industry-leading technologies to develop species-specific and half-life extended mAbs that are longer-lasting than currently available products, effective, safe, and affordable. (Source: Investorsinhealthcare.com, July)

🟢 Norbrook Laboratories Ltd.: Felanorm, the first generic methimazole oral solution to treat feline hyperthyroidism, has received U.S. Food and Drug Administration approval. The Norbrook Laboratories prescription medication contains the same active ingredient as Felimazole Coated Tablets, a Dechra Veterinary Products drug first approved in 2009. Felanorm contains 5 milligrams of methimazole per 1 milliliter of solution. Norbrook Laboratories conducted an in vivo blood-level study of 32 healthy fasted cats to determine whether 5 milligrams of the oral solution is bioequivalent to 5-milligram Felimazole Coated Tablets. Each cat randomly received one of the drugs. The study concluded that the generic oral solution was bioequivalent. No serious adverse effects were reported. Felanorm is available in 30- and 100-milliliter bottles and has a starting dose of 2.5 milligrams every 12 hours. (Source: Todaysveterinarybusiness.com, July)

🟢 Zoetis Brasil: During SIAVS 2024, Zoetis presented its innovations in vaccines for the aquaculture sector, focusing on tilapia and five other key fish species. The company highlighted its leadership in animal health solutions, emphasizing the importance of vaccines for disease prevention and increased productivity in aquaculture. Zoetis' vaccines have been developed to meet the specific needs of different species, ensuring efficiency in cultivation and contributing to the sector's sustainability. With this approach, Zoetis reaffirms its commitment to fish health and well-being, promoting safer and more profitable practices for producers.

🟢 Elanco Animal Health Incorporated: Elanco Animal Health Incorporated announced the FDA has completed its review of all major and minor technical sections for Credelio Quattro, and the final 60-day administrative review is underway. Elanco anticipates launching the product in the first quarter of 2025. (Source: Company press release)

🟢 Elanco Animal Health Inc.: Elanco Animal Health Inc. announced plans for a $130 million investment through the end of 2026 to expand and renovate its existing manufacturing facility in Elwood, Kansas. Elanco’s Elwood site currently manufactures and ships its Canine Parvovirus Monoclonal Antibody (CPMA) and will be the flagship location for Elanco’s future monoclonal antibody manufacturing. (Source: Kcanimalhealth.thinkkc.com)

🟢 CANADA: dsm-firmenich Animal Nutrition and Health announced the Canadian Food Inspection Agency (CFIA) has approved a novel enzyme, fumonisin esterase, to help swine and poultry producers manage mycotoxins in feed. dsm-firmenich will offer a new product which includes the fumonisin esterase called Mycofix FUMzyme for use in swine and poultry diets in Canada. According to the company, it will be the first product ever to be approved for degrading fumonisins in feed in the Canadian market. (Source: Feedstuffs)

🟢 Vetoquinol: The 10th World Congress of Veterinary Dermatology in Boston attracted hundreds of veterinary dermatologists to the symposium organized by Vetoquinol: 'Harnessing Fluorescent Light Energy (FLE) to Promote Antimicrobial Stewardship and Wound Healing in Veterinary Dermatology.' During this symposium, Luisa Cornegliani, DVM, DECVD PhD, Amelia White, DVM, MS, DACVD, and Anthony Yu, DVM, MS, DACVD, shared their latest research and clinical insights on the application of FLE in clinical practice and its relation to reducing antimicrobial use. The session 'Mechanisms of Photobiomodulation: A Multifaceted Therapeutic Approach' was particularly relevant, exploring the scientific mechanisms behind FLE and explaining how it works at the photochemical and photophysical levels to reduce inflammation and promote faster healing. (Source: Animalshealth.es, Aug. 19th)

🟢 Brazilian retailer Petz Group: Brazilian retailer Petz Group announced results for the second quarter of 2024. Gross revenue was R$981 million ($180M), a 4% increase compared to the same period in 2023. (Source: Globalpets).

www.animalhealthnexus.com

BERNARDO OTERO Leadership in the ANIMAL HEALTH business.

CEO & Founder of NEXUS ANIMAL HEALTH

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