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Animal Health News & Notes for February 4, 2011 2/4/2011

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Brakke Consulting's
Animal Health News & Notes for February 4, 2011

Copyright © Brakke Consulting, Inc.
 
Editor: Lynn Fondon, DVM MBA
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IN THE NEWS:
 
Brakke news
2011 Industry Overview
 
earnings news
Central Garden & Pet
Intervet/Schering-Plough
MWI
Pfizer
  
other news
Bayer
ImproMed
Teva
Thorn BioScience
  
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REGISTER NOW FOR
BRAKKE CONSULTING'S 2011 INDUSTRY OVERVIEW
AT WVC

 
Brakke Consulting will be presenting its annual US Animal Health Industry Overview at the Western Veterinary Conference in 2011.
 
WVC Overview
Date: Tuesday, February 22, 2011
Time: 2:00 - 4:00 pm
Place: The Four Seasons Hotel, Las Vegas
 
To register, go to www.brakkeconsulting.com and look for the Overview link in the "What's New" box.  Payment by major credit card is required at time of registration.
 
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COMPANY EARNINGS RELEASES
 
> Pfizer Inc. reported financial results for full-year 2010. Animal Health revenues were $3.58 billion, an increase of 29% compared to the prior year.  The majority of the increase is attributable to the Fort Dodge acquisition in October 2009. (company website) 
 
> Merck announced financial results for the full year 2010. Animal Health division Intervet/Schering-Plough reported sales totaling $2.94 billion for the full year of 2010, an increase of 8% reflecting continued solid performance among ruminant and swine products. Merck and sanofi-aventis continue the process of forming the proposed Animal Health joint venture and expect to close the transaction in the first half of 2011. (company press release)
 
> MWI Veterinary Supply, Inc. announced financial results for its first quarter ended December 31, 2010. Total revenues were $366 million for the quarter, 55% higher than revenues for the same period in the prior fiscal year. Of the 55% increase, 28.6% was due to organic growth in the US and 26.5% was related to MWI's acquisition of Centaur Services Limited on February 8, 2010. Net income increased 38% to $10.8 million for the quarter ended December 31, 2010. (company website)
 
> Central Garden & Pet Company announced results for its first quarter ended December 25, 2010. Net sales for the Pet Products segment were $187 million, an increase of 3% compared to the year ago period. (company website)
 
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COMPANY NEWS RELEASES
 
> Bayer Animal Health announced the availability of its new products: Advantage II for cats and dogs and K9 Advantix II for dogs.  These products combine the adulticidal properties of the original formulations of Advantage Topical Solution and K9 Advantix, with the insect growth regulator (IGR) pyriproxyfen, which inhibits the development of flea eggs and kills flea larvae. (PRNewswire)  t
 
> Thorn BioScience announced it has received FDA approval for SucroMate (deslorelin acetate) for use in inducing ovulation in horses. (FDA)
 
> Teva Animal Health announced the return of Synovi G3 to the veterinary market. Synovi G3, a joint support supplement for dogs and horses, will again be available under the DVM Pharmaceuticals brand in four formulations – Soft Chews, Granules, Chewable Tablets and Small Bites. (company press release)
 
> ImproMed, Inc. announced the release of two new veterinary practice management software packages for the veterinary market, Advantage+ and Advantage+ Equine. (company press release)
 
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ANIMAL HEALTH NEWS
 
> US - BRUCELLOSIS   According to Texas Animal Health Commission (TAHC) officials, a small beef herd in South Texas has been determined to be infected with Brucellosis, Texas' first case in over five years. Texas will not lose its Class Free status as designated by the USDA. (Cattle Network)
 
> ASIA - AVIAN INFLUENZA   Animal health officials in Japan, South Korea and Myanmar have reported fresh outbreaks of the H5N1 avian influenza in poultry, according to the World Organization for Animal Health (OIE) and local media reports. There has also been a new unconfirmed outbreak in Thailand. (Animal Pharm)
 
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BRAKKE CONSULTING VIEWPOINT
 
We hope that you’re warm and safe this week. Mother Nature is causing lots of issues related to travel and loss of productivity unless you count moving snow and scraping ice as part of the gross national product.
 
A number of the companies reporting final results for 2010 are putting up some impressive numbers. Congratulations on these great financial performances!!  Now they will need to top those numbers in 2011.  This could be a challenge if some of the current negative trends in the marketplace continue throughout the year.
 
Here in Dallas we’re looking forward to hosting many avid football fans from around the country this weekend. Thus far the weather has forced a number of the Super Bowl week activities inside.  It’s been interesting to watch the local and national media try to put a positive spin on 2 inches of ice and temperatures with wind chills below ZERO.  Friday morning we woke up to several inches of snow, with more falling.  The Steelers and the Packers should feel right at home!  As Dandy Don Meredith would have said “Boy that looks like fun.”  However, the forecast for the weekend is in the 50’s and temperature inside JerryWorld will be in the 70’s.
 
Have a great weekend and may your favorite team win!!
 
Ron Brakke
 
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Brakke Consulting, Inc.
2735 Villa Creek, Suite 140
Dallas, TX  75234    USA