ANIMAL HEALTH NEWS- August

Ouro Fino Animal Health reported a significant increase in profits. It launched a new exclusive product for cattle in Brazil, while Boehringer Ingelheim introduced its new Head of Animal Health for South America. Various companies in the sector, including Zoetis, Elanco, and Merck, announced second-quarter financial results, highlighting revenue growth and new strategic acquisitions. Additionally, important events and symposia in the animal health field took place, discussing innovations and advancements in the industry.

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🟢 Ouro Fino Animal Health's net profit increased by 97% in the second quarter. Revenue dropped 6.3%, to a total of R$217.2 million. Ouro Fino Animal Health's adjusted net profit reached R$15.3 million in the second quarter of this year, an increase of 97.8% compared to the result of the same period a year earlier. (globorural.globo.com, 9th of August).

🟢 Ouro Fino Animal Health reinforces strategies and high performance in Team Meeting. The meeting also included presentations of successful cases by the commercial team, a lecture by Dr. Luciano Roppa on updates in Brazilian swine farming, and an inspiring session on Intelligent Behavior and Professional Success with Professor Edson Carli. The Poultry and Swine Business Unit team of Ouro Fino Animal Health held a strategic meeting at the company's headquarters to evaluate the performance of the first half and reinforce strategies for the second half. The meeting was led by business unit director Marcelo Faria and commercial manager Cristiano Godoy, along with the company's leadership. Faria highlighted the importance of maintaining consistency and growth in the second half. (opresenterural.com.br, Aug 5th).

🟢 Ouro Fino Animal Health brings FerAppease to the Brazilian market for cattle. FerAppease can be used at various points throughout the entire life cycle of cattle, the company informs. After launching FerAppease, a synthetic analog to the maternal appeasing substance, for swine, Ouro Fino Animal Health exclusively brings another novelty to the Brazilian market: FerAppease for cattle. The substance is specific to each species, so the products appear in different versions on the market. According to the company, FerAppease can be used at various points throughout the entire life cycle of cattle, such as during calving, for both cows and calves; at weaning, preventing the stress of separation from the mothers; in any transport situations, or even when entering feedlots. (portaldbo.com.br, Jul).

🟢 Boehringer Ingelheim presented Juan González Victorica as the new Head of Animal Health South America. The new executive at Boehringer Ingelheim will replace Jérome Baudon, who has taken on the role of Head of Global Strategic Account Management Livestock. Juan González Victorica was introduced by Boehringer Ingelheim as the new Head of Animal Health South America, replacing Jérome Baudon, who took on the role of Head of Global Strategic Account Management Livestock. The executive holds a degree in Business Administration from the Universidad de San Andrés and a Postgraduate degree in Agribusiness and Food from the University of Buenos Aires. (motivar.com.ar, 6th Aug.).

🟢 Dechra and Akston Biosciences Corporation announced Dechra’s purchase of all Akston’s interests in the companies’ dog and cat long-acting insulin programs. The companies signed a licensing and supply agreement in August 2019 for the co-development and commercialization of a long-acting insulin for the treatment of diabetes in dogs, which Akston invented, and a similar agreement for the treatment of diabetes in cats in February 2021. Financial terms were not disclosed. (company press release).

🟢 Zoetis Inc. reported its financial results for the second quarter of 2024. Revenue was $2.4 billion, an increase of 8% compared with the second quarter of 2023; on an operational basis, revenue increased 11%. Net income was $624 million, a decrease of 7% on a reported basis. Revenue in the U.S. segment was $1.3 billion, an increase of 12%. (company press release).

🟢 Central Garden & Pet announced financial results for its fiscal 2024 third quarter ended June 29, 2024. Net sales for the Pet segment were $508 million, an increase of 1%; organic net sales decreased 2% excluding the impact of the TDBBS acquisition. Pet segment operating income was $83 million, an increase of 39%. (company website).

🟢Veterinary Medicine and Animal Welfare Day at UNAM: When, where, and what services will be offered. During the day, various services will be provided free of charge to care for the health of companion animals. The event will take place on August 17 from 10:00 AM to 4:00 PM at "Las Islas," at Ciudad Universitaria. (infobae, Aug.).

🟢 SIAVS took place from August 6th to 8th, 2024, in Brazil. The largest event for the production chains in Brazil, #SIAVS2024 brought together poultry, cattle, swine, and fish farming sectors in a single large event, promoting a meeting of specialists, innovators, and leaders in the agribusiness sector, generating business opportunities and technological advances for participants from around the world. Distrito Anhembi - São Paulo – Brazil (siavs.com.br, Aug).

🟢 UK Virbac announced the UK launch of Cortotic, a corticosteroid-only treatment for the clinical signs associated with canine otitis externa, without an antimicrobial. Cortotic contains hydrocortisone aceponate (HCA). In a published clinical field study, Cortotic was shown to be as effective in treating acute otitis as a fixed-combination product containing a corticosteroid, an antibiotic, and an antifungal, with an equivalent improvement of clinical and cytological scores. (vetsurgeon.org).

🟢 Elanco Animal Health Incorporated reported financial results for the second quarter of 2024. Revenue was $1,184 million, an increase of 12% on a reported basis (+13% currency adjusted). Reported net loss was $(50) million, compared with a net loss of $(97) million for the same period in 2023. (company press release).

🟢 Elanco is facing a lawsuit accusing it of monopolizing the market for some flea and tick treatments, causing pet owners to pay higher prices for the company’s Advantix products. The proposed class action said Elanco was controlling the market by unfairly pressuring pet specialty retailers not to sell rival, generic versions of topical flea and tick treatments containing the insecticide Imidacloprid. (Reuters).

🟢 IDEXX Laboratories, Inc. reported results for the second quarter of 2024. Revenues were $1,004 million, an increase of 6% as reported and 7% organic growth. Net income was $203 million, a decline of 9%. (company press release).

🟢 Merck announced financial results for the second quarter of 2024. Animal Health sales were $1,482 million, an increase of 2% (+6% currency adjusted). (company press release).

🟢 Colgate-Palmolive Company reported results for second quarter 2024. Hill's Pet Nutrition net sales were $1,114 million, an increase of 5%. Segment operating profit was $235 million, an increase of 23%. (company press release).

🟢 Bionote USA announces its partnership with MWI Animal Health for the distribution of Bionote products including the Vcheck line of quantitative, in-clinic analyzers and biomarker tests and its new standalone, one-step rapid test for detecting Canine Heartworm. (company press release).

🟢 Biogénesis Bagó is present at the 15th International Symposium on Animal Reproduction in Córdoba, Argentina. The leading biotech solutions company will be presenting the new Ecegon RTU, a solution that optimizes work during the implementation of IATF synchronization protocols. Additionally, specialized technicians provided advice on the entire reproductive package. Once again, Biogénesis Bagó was present with a stand at the International Symposium on Animal Reproduction on August 14-16 at the Córdoba Capital Convention Center. On this occasion, the laboratory presented a new solution to improve reproductive rates and provide updates on innovation in this field during a special session. (radiomitre.cienradios.com, Aug. 9th).

🟢 Cencora reported results for the fiscal third quarter ended June 30, 2024. Revenues for MWI Animal Health were $1,370 million, an increase of 4%. (Seekingalpha).

🟢 Veterinarians in Buenos Aires are working on a virtual consultation app. The college of veterinarians of Buenos Aires will launch an application that will cover the entire country. The college that brings together veterinarians from Buenos Aires specified that it is working on creating an application that will allow residents of the Province to make particular inquiries and for professionals in the sector to have access to a community that allows the articulation of the same at the national level, to facilitate procedures. In this sense, the president of the Buenos Aires Veterinary College (CVPBA), Osvaldo Rinaldi, specified that they began developing the prototype of the application nine months ago and estimate that they will launch it by the end of the year. According to the Diputados Bonaerenses portal, Rinaldi highlighted the current role of Buenos Aires veterinarians and the country in issues such as the inspection of food and manufactured products, which is why the application would allow communication with the community, as well as for professionals to have a moderated debate forum. (semanariodejunin.com.ar. Aug 10th).

🟢 Vetoquinol announced that the FDA approved a three-year expiration date for Clevor (ropinirole ophthalmic solution) when stored in its original packaging. The extension increases its previous expiration date by 12 months to 36 months from the date of manufacture. (company press release).

🟢 The FDA announced the approval of Bimeda Animal Health's MoxiSolv Injection (generic moxidectin) for use in cattle. (FDA).

🟢 Huvepharma has entered into a sales and marketing agreement with ADM, through which three ADM feed additives will be made available immediately to Huvepharma's ruminant product line. (Beef Magazine).

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