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Animal Health News & Notes for October 17, 2008 10/17/2008

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Brakke Consulting's
Animal Health News & Notes for October 17, 2008

Copyright © Brakke Consulting, Inc.
 
Editor: Lynn Fondon, DVM, MBA
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IN THE NEWS:
 
earnings news
KMG Chemicals
 
other news
AlcheraBio
Argenta
Intervet/Schering-Plough
IsoTherapeutics Group
Merial
Nutrena
Petplanetrx.com
PharmaCom BioVet
Phibro
Teva
 
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BRAKKE CONSULTING, INC.
New Study:  The Economy and Pet Care
 
What impact has the recent economic downturn had on your business in 2008?  How will it impact your revenues in 2009?  Will the outcome of the presidential election make a material difference in pet owner attitudes and their purchasing behavior?
 
If you market products or services to pet owners or companion animal veterinarians, those questions can be answered by a comprehensive new study from Brakke Consulting, Inc. The study involves 1,500 interviews with pet owners up to 400 with veterinarians. 
 
There are 10 specific product and service categories included in the survey:  Pet food, treats, supplements, medications, flea, tick and heartworm control, equipment, toys/accessories/gifts, boarding, pet insurance and veterinary services.
 
The Economy and Pet Care will be published in December 2008. Companies that order by October 31, 2008 and pay in advance receive a $500 early order discount, for a net cost of $5,495. Upon publication, the price of the study is $5,995.

For more information or to order the study, contact John Volk, senior consultant, jvolk@brakkeconsulting.com, (773) 327-4941.
 
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COMPANY EARNINGS RELEASES
 
> KMG Chemicals, Inc. announced financial results for the year ended July 31, 2008. Animal Health sales were $11.7 million in fiscal 2008 compared to $14.1 million in the prior fiscal year. (istockanalyst.com)
 
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COMPANY NEWS RELEASES
 
> Intervet/Schering-Plough announced that the USDA has granted the company safety and efficacy claim approvals for the transdermal administration of three vaccines, which include modified-live virus (MLV) strains of Bovine Virus Diarrhea (BVD) Type 1 and Type 2, Infectious Bovine Rhinotracheitis (IBR) and the avirulent-live culture strains of Pasteurella multocida and Mannheimia haemolytica. (CattleNetwork) 
 
> Teva Pharmaceutical Industries Ltd. announced that it has entered into a definitive agreement to sell its Israeli based veterinary business unit to Phibro Animal Health Corporation, for total consideration of approximately $47 million. Teva's veterinary business unit in Israel develops, manufacturers and markets veterinary products for poultry and other farm animals in Israel and internationally, particularly in Southeast Asia, Africa, Latin America and Eastern Europe. (company website)
 
> New Zealand company Argenta announced it has acquired AlcheraBio, a contract research organization involved in the development of animal health products and technologies. Financial terms were not disclosed.  (voxy.co.nz)
 
> Nutrena introduced EnergX Horse Food, a new line of equine feeds.  EnergX Oat Replacer was developed to replace oats and other conventional grains as a controlled energy source for pleasure horses and breeding stallions; EnergX Enriched Formula features higher-fat, lower protein pellets to provide more energy. (Feedstuffs) 
 
> PharmaCom BioVet, Inc. announced a collaborative agreement with IsoTherapeutics Group to co-develop and introduce novel therapeutic treatments for companion animals. With a special interest in radiopharmaceuticals for oncology, ITG focuses on the development of technologies aiding in the diagnosis and treatment of debilitating diseases such as cancer. (Money.cnn.com)
 
> Online business development company Alorad, Inc. announced it has acquired Petplanetrx.com, an online discount pet medicines store. Financial terms were not disclosed. (Business Wire)
 
> UK   Britain's National Farmers Union announced that legal action has been launched against the Pirbright research centre in Surrey, southern England, seeking damages over last year's outbreak of foot and mouth disease. The action was brought by 14 farmers against Pirbright's operators, the Institute for Animal Health and Merial Animal Health Limited, and Britain's farm minister Hilary Benn as licensor and regulator of the facility. (Reuters)  
 
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ANIMAL HEALTH NEWS
 
> EU - BSE TESTING   EU animal health experts have raised the minimum age for testing cattle for BSE in the EU's 15 'older' countries to 48 months, given fewer cases of the virus. At present, all healthy slaughtered cattle aged above 30 months and all cattle above 24 months deemed to be at risk of catching BSE must be tested. (AnimalNet - Guardian)
 
> US - VETERINARY EDUCATION   The American Veterinary Medical Association announced that almost 40% of graduating new veterinarians in the class of 2008 reported that they were going into advanced education: 89.2% of those into internships and 6% into residencies. In 2003, only 26.3% of veterinary graduates went into advanced educational positions. (association press release)
 
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BRAKKE CONSULTING VIEWPOINT
 
Are the veterinary and pet care markets recession-proof?  Common perception says they are. Some veterinarians we speak with indicate that clients are not cutting back. Others say they are.
 
Given today's unusual business climate we think the question should be answered with hard data. Earlier in this newsletter is the announcement of a comprehensive new survey of pet owners and veterinarians to specifically measure the impact of the economy on 2008 spending, and expectations for 2009.
 
We think our clients will find the study to be a practical decision-making tool for evaluating 2008 performance and refining 2009 programs.
 
Have a great weekend!
 
John Volk
 
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This electronic newsletter is the sole property of Brakke Consulting, Inc.
Any use of the contents herein should be approved by and appropriately attributed to Brakke Consulting, Inc.
For more information about Brakke Consulting's services and syndicated studies, visit our website at www.brakkeconsulting.com.
 
Brakke Consulting, Inc.
2735 Villa Creek, Suite 140
Dallas, TX  75234    USA