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Animal Health News & Notes for November 7, 2008 11/7/2008

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Brakke Consulting's
Animal Health News & Notes for November 7, 200
8
Copyright © Brakke Consulting, Inc.
 
Editor: Lynn Fondon, DVM, MBA
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IN THE NEWS:
 
earnings news
Animal Health Int'l
ImmuCell
JBS
MWI
Novozymes
Provimi
 
other news
BioElectronics Corp.
eMarkets Group
IDEXX
QIAGEN
SOUND Technologies
Webster
 
 
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COMING SOON!
US FLEA CONTROL AND HEARTWORM MARKETS
2008 UPDATE
 
ORDER NOW FOR EARLY-BIRD DISCOUNT
 
Brakke Consulting will soon be publishing our 2008 report on the US Flea Control and Heartworm Markets.  Our annual veterinarian survey will include questions regarding usage of many of the new products introduced in the past two years, as well as perceptions of trends in flea, tick and heartworm product sales.
 
The report on the US Flea Control & Heartworm Markets will be available for a purchase price of $4,995 if ordered by WEDNESDAY, NOVEMBER 26, and $5,500 after that date. 
 
Please contact Dr. Lynn Fondon at (972) 243-4033 or lfondon@brakkeconsulting.com to pre-order the report or for more information.
 
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COMPANY EARNINGS RELEASES
 
> ImmuCell Corporation announced the results of its operations for the fiscal third quarter ended September 30, 2008.  Product sales decreased by 6% to $924,000 in comparison to the same period in 2007. The net loss was $(268,000) during the quarter, in contrast to net income of $354,000 during the same period in 2007. Technology licensing revenue decreased by $931,000 (or 100%), as the result of the product development and marketing agreement that was terminated during the third quarter of 2007. (company press release)
 
> MWI Veterinary Supply, Inc. announced financial results for its fourth quarter and fiscal year ended September 30, 2008. Revenues were $225 million for the quarter, 18% higher than revenues for the same period in the prior fiscal year.  Revenues were $831 million for fiscal year 2008, 17% higher than revenues for fiscal year 2007. Net income was $19.9 million for fiscal year 2008, 18% higher than net income for fiscal year 2007. (Earthtimes)  
 
> Animal Health International, Inc. announced that net sales increased 2.8% to $169 million for the three months ended September 30, 2008, compared with the same quarter last year. Acquisitions accounted for $11.3 million of sales; organic sales declined 4.1% from the same period last year. Net income was $0.3 million compared to net income of $1.0 million in the comparable period last year. (company press release) 
 
> Provimi reported results for the third quarter of 2008.  Sales increased by 19% to EUR 1,652 million ($2,386 million), with particularly strong growth in Brazil.  On a like-for-like basis, sales growth was 20%. (company press release)
 
> Novozymes reported 9% sales growth for the first nine months of 2008. Revenue was DKK 6.1billion ($1.2 billion), up from DKK 5.6 billion in the same period last year. Operating profit rose by 6% to DKK 1.1 billion. (Animal Pharm)
 
> JBS S.A. reported results for the company's fiscal third quarter ended Sept. 30.  The company reported a profit of $318 million, compared with a loss of $(36.9 million) in the same period a year earlier, citing the depreciation of the Brazilian real against the dollar and rising exports. Revenue for the quarter jumped nearly 49% to $7.8 billion, from $5.2 billion in the same quarter last year. (Meating Place)
 
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COMPANY NEWS RELEASES
 
> IDEXX Laboratories, Inc. announced the release of its newly designed IDEXX-CR 1417 Model Digital Imaging System. The new system features improved resolution and better tissue contrast; and the flexibility to adjust it for different-sized animals.  The system is preconfigured to integrate with the leading practice management software packages, including IDEXX Cornerstone. (company website)  
 
> Webster Veterinary announced plans to build a new Sales Branch office and Showroom in the Kansas City Metro area. Once completed, the new Sales Branch and Showroom will allow Webster Veterinary customers the opportunity to view and test various pieces of veterinary equipment in a hospital-like setting before they purchase.  (company press release)  
 
> SOUND Technologies announced that it is providing small animal and large animal TruDR digital radiography systems for the Western Veterinary Conference's new Oquendo Center for Clinical Education in Las Vegas.  Sound Technologies will also install PACS server software and viewing software. (company press release) 
 
> QIAGEN N.V. announced  that it has entered into a worldwide exclusive partnership with the Institute for Animal Health (IAH) to license a novel molecular assay design for bluetongue. The cador BTV RT-PCR Kit, which was developed by the IAH, will be launched by QIAGEN in 2009 and further expand the company's veterinary testing portfolio. (Marketwatch) 
 
> BioElectronics Corporation announced it has reached a market distribution agreement with eMarkets Group to expand the reach of its technology into the veterinary services market. BioElectronics miniaturized PEMF (Pulsed Electromagnetic Field Therapy) technology can be used on pets and horses for applications including reducing swelling and pain from surgical incisions and enhancing and speeding healing of muscle strains and hoof or claw conditions. (MarketWatch)  
 
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ANIMAL HEALTH NEWS
 
> US - FARM ANIMAL WELFARE   The California ballot initiative on farm animal housing, listed as Proposition 2, passed by a fairly large margin. Prop 2 requires that all farm animals, "for all or the majority of any day," not be confined or tethered in a manner that prevents an animal from lying down, standing up, turning around or extending its limbs without touching another animal or an enclosure such as a cage or stall. It specifically addresses modern cage housing for hens and stalls for sows and veal calves. Prop 2 will become effective in 2015. The main two supporters of the initiative were the animal rights groups Farm Sanctuary and the Humane Society of the United States (HSUS). (Cattle Network)
 
> US - EPA REGULATIONS  The EPA has finalized new regulations for concentrated animal feeding operations (CAFOs) designed to help them safely manage manure. This is the first time EPA has required a nutrient management plan (NMP) for manure to be submitted as part of a CAFO's Clean Water Act permit application. The regulation also requires that an owner or operator of a CAFO that actually discharges to streams, lakes and other waters apply for a permit under the Clean Water Act. (Meating Place)
 
> GERMANY - WNV RESEARCH  Researchers at the Fraunhofer Society in Leipzig, Germany are working on a DNA vaccine for the control of West Nile virus (WNV) that can be used in both animals and humans. As well as preventing disease, the vaccine has therapeutic properties and can be used to treat cases in which the virus has already taken hold. The vaccine contains plasmids (DNA molecules that are separate from chromosomal DNA) extracted from the West Nile virus. (Animal Pharm)
 
> US - PET STERILIZATION  The Found Animals Foundation announced $75 million in incentives to develop non-surgical sterilization for dogs and cats. The first person or group to develop a safe, one-time non-surgical means to sterilize male and female cats and dogs will receive $25 million, and up to $50 million more will be available to support the research of one or several individuals who come forward with plausible approaches.  (USA Today)
 
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BRAKKE CONSULTING VIEWPOINT
 
The quarterly sales and profit reports for the public companies appear to be a mixed bag.  What we are hearing from the marketplace is serious declines in the food animal sector and a clear softening in the companion animal area.  It appears that the 4th quarter will be very challenging. 
 
On the ground the rapid reduction in corn prices and other feed grains offer some relief to producers but it will be some time before manufacturers will feel the impact. The economy and weather will continue to be factors that industry has little ability to control over the coming months. The experts predict a loss of another 200,000 jobs in October which will be officially reported after these comments are being drafted.  Any additional job losses are not helpful to the economic environment.
 
I've been in South Dakota the past three weeks avoiding the election hype and trying to disturb the living quarters of some ringneck pheasants.  If the weather here is any indication of the coming winter, it's going to be cold and windy.  It appears that we'll add snow and blizzard conditions to the hunts this weekend.  It's been a great time and there are fewer birds than when we started three weekends ago.
 
Have a great weekend and stay warm!!
 
Ron Brakke
 
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