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Animal Health News & Notes for April 11, 2008 4/11/2008

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Brakke Consulting's
Animal Health News & Notes for April 11, 2008
Copyright © Brakke Consulting, Inc.
 
Editor: Lynn Fondon, DVM, MBA
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JUMP TO:
 
earnings news
Boehringer Ingelheim Vetmedica
Pet DRx
 
other news
4 Seasons Marketing
AspenBio
Bayer
Boehringer Ingelheim Vetmedica
Internet Brands
Novartis
PerOs
Ridley
Sergeant's Pet Care
Ultralyx
VetInfo.com
Virbac Corp.
 
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COMPANY EARNINGS RELEASES
 
> Boehringer Ingelheim reported results for the year 2007.  Animal Health reported an increase in net sales of 13% in local currency (9% in euro terms) to EUR 408 million ($600 million). Porcine vaccines in particular enjoyed steady growth. (company website) 
 
> Pet DRx Corporation, a provider of veterinary primary care and specialized services to companion animals, reported its financial results for the year ended December 31, 2007. Revenues for the full year 2007 were $62.5 million, compared to $17.4 million reported for the full year ended December 2006.  The nearly four-fold increase was primarily attributable to the acquisition of 14 veterinary hospitals in late 2006 and the first quarter of 2007. Net loss for the year was ($16.4 million), compared to a net loss of ($1.9 million) reported for the full year 2006.  Pet DRx currently owns and operates 26 veterinary hospitals in the state of California. (company press release)  
 
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COMPANY NEWS RELEASES
 
> Bayer announced that Baytril 100 (enrofloxacin) has been approved by the FDA for use in dairy replacement heifers less than 20 months of age. (company press release)  
 
> AspenBio Pharma, Inc. announced that it secured a long-term exclusive license and commercialization agreement with Novartis Animal Health, Inc. to develop its recombinant single-chain bovine products, BoviPure LH and BoviPure FSH.  BoviPure FSH is a novel single chain follicle stimulating hormone (FSH) analog for cows; BoviPure LH is a novel single-chain luteinizing hormone (LH) analog for cows and is the first of its type in the world. (Small Cap Investor)  
 
> Boehringer Ingelheim Vetmedica, Inc., announced it has received USDA/APHIS approval for an advanced line of equine influenza vaccines trademarked CalvenzaTM-03. CalvenzaTM-03 EIV (Equine Influenza Virus) and CalvenzaTM-03 EIV/EHV (Equine Influenza Virus/Equine Herpes Virus) are the only vaccines to include the Ohio/2003 influenza strain as recommended by the Expert Surveillance Panel on Equine Influenza Vaccines. (company press release)
 
> Sergeant's Pet Care Products announced the acquisition of the consumer brands division of Virbac Corporation. Brands acquired include WormXPlus, WormX, Petrodex, Zema, Mardel, and LiveMeter. Financial terms were not disclosed. (Pet Business)
 
>  PerOs announced that the USDA/CVB has granted PerOs an Establishment License for the production of bacterins as well as an autogenous bacterin license utilizing its patented oral delivery formulation methods (Oralject). PerOs’ oral delivery platform focuses on the use of natural products to provide delivery of safe therapeutic and prophylactic compounds. (company press release)
 
> Ridley announced the acquisition of the livestock supplement block business of 4 Seasons Marketing and Ultralyx Inc. Financial terms were not disclosed. (Feedstuffs) 
 
> Internet Brands, Inc. announced the acquisition of website VetInfo.com, a provider of pet health content that helps pet owners understand diseases, disorders, and health maintenance requirements of their animals. Financial terms were not disclosed. (Business Wire) 
 
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ANIMAL HEALTH NEWS
 
> US - NEW ANIMAL HEALTH WEBSITE  The Animal Health Institute (AHI) launched its newly designed “Keeping Animals Healthy” website.  The website, www.keepanimalshealthy.org, explains the advocacy positions taken by AHI to promote animal health and gives the public information about the rigorous, science-based review processes in place at the federal agencies that regulate animal health products. (association press release)
 
> US - TB STATUS   USDA's Animal and Plant Health Inspection Service has downgraded Minnesota's status for bovine tuberculosis, moving it from the list of Modified Accredited Advanced states to the Modified Accredited list. The state began preparing for the downgrade after the fourth herd since October 2007 tested positive for bovine TB.  The change in classification means the interstate movement of cattle and bison from Minnesota will be restricted. (Meating Place)
 
> US - E. COLI TESTING   The USDA announced plans to start testing ground beef and ground beef component samples for non-O157 Shiga Toxin-Producing E. coli (STECs) to determine whether to declare them adulterants. The agency will test both samples that test positive and those that test negative for E. coli O157:H7, but production lots will not be recalled, seized or detained if they only test positive for non-O157 STECs. The data is being generated only for study purposes at this time. (Meating Place)
 
> US - ANIMAL WELFARE LEGISLATION   Colorado's House of Representatives this week followed the state's Senate in approving legislation to phase out the use of veal crates and gestation crates in Colorado. The state’s Governor has indicated he will sign the bill. The measure came at the recommendation of a coalition of Colorado-based animal agriculture organizations and the Humane Society of the United States. There is no current veal industry in the state, and according to HSUS the veal crate provision was a preemptive measure. HSUS had planned a ballot initiative to address this issue, and state agriculture groups and legislators saw the bill as a compromise to avoid the more restrictive ballot initiative.
 
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52nd ANNUAL LIVESTOCK INSECT WORKERS’ CONFERENCE: June 15 – 18, 2008
Kansas City, MO

The 52nd annual conference is set for June 15 – 18, 2008 in Kansas City, MO. The Kansas City area is home to many of the country's largest animal health companies. This year's conference will provide the latest information on university, government and industry research into the management of food animal ectoparasites.  The program will also include presentations on the Kansas City Animal Health Corridor (http://www.kcanimalhealth.com/index.htm  ), National Biosecurity and Agro-terrorism, and legal perspectives on veterinary forensic entomology.
 
For more information, go to:  http://www.pestmanagement.info/LIWC/ 
 
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BRAKKE CONSULTING VIEWPOINT
 
Many of you understand that April 15th is the date when the US government expects you to have your 2007 income tax filed. We hope that you had a successful 2007 financially and that the government will use the funds you contributed to the Treasury efficiently, and not to build any "bridges to nowhere."
 
Here at Brakke Consulting, April 15th marks our 22nd year in business.  Yes, it's been an interesting period of time in animal health.  We're of the opinion that the next 22 years will be just as interesting and offer even more changes.
 
We want to thank our many clients for their support during the past 22 years.  We appreciate you placing your confidence and trust in us.  I personally want to thank all of our current and former consultants at BCI for their dedicated and high-quality support over the past two decades.  We're looking forward to another 22 great years here at the firm.
 
Have a great weekend!!
 
Ron Brakke
 
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Brakke Consulting, Inc.
2735 Villa Creek, Suite 140
Dallas, TX  75234    USA