Personal financial health: Index investing 101 for veterinary professionalsAugust 28, 2018Index investing can be a great tool for veterinarians to utilize. Index investing refers to buying an "index," such as the broad stock market, using a single investment. For example, buying the "market" is a popular way in which index investing can be achieved. By purchasing shares of a market-based index fund, just like purchasing a stock, you get access to the entire S&P 500 (the largest 500 companies listed in the U.S.). This can act as a great diversifier for someone who does not want to pick individual stocks but would rather have returns that closely mirror the market as a whole. Index funds can come in a variety of flavors that track different indexes. Investors cannot invest directly into indexes themselves, so index funds, which are offered in the forms of mutual funds or exchange traded funds, are particularly useful for a busy veterinarian who wants to invest in the markets, but doesn't want to get into the granularity of researching particular stocks. An additional benefit of index investing is that companies that offer these products have done so at very low-fee levels—theoretically making the returns of the actual index and the fund similar. A popular approach …
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Eli Global acquires veterinary derm company Stratford PharmaceuticalsAugust 28, 2018Eli Global LLC, based in Durham, N.C., has acquired Stratford Pharmaceuticals LLC, DBA Stratford Animal Health. Financial terms of the transaction were not disclosed. Stratford, which currently provides a wide arrangement of dermatology products to more than 10,000 veterinary hospitals in the U.S. and eight other countries, will continue to operate independently under the leadership of Brian Nugent, founder and CEO, from its Oldsmar, Fla., corporate headquarters. Greg Lindberg is chairman and CEO of Eli. "Partnering with Eli Global was a natural fit as it allows Stratford to keep our corporate identity, provide stability and continuity for our amazing employees while continuing to provide excellent products and services to our large base of veterinary hospitals in the U.S. and abroad," said Nugent. "In addition, Eli Global's resources include more than 100 businesses with 7,500-plus employees and over $20 Billion in proforma assets, which will allow Stratford to continue its double-digit organic growth while at the same time being extremely aggressive in the pursuit of animal health acquisitions."
24 VCA Animal Hospitals donate $12K to NEADS nonprofitAugust 28, 2018VCA Animal Hospitals and its nonprofit partner organization VCA Charities have donated more than $12,000 to NEADS Inc. (formerly known as the National Education for Assistance Dog Services and Dogs for Deaf and Disabled Americans), the internationally accredited nonprofit organization that raises and trains service dogs for people with disabilities. From the beginning of April to June 2, 24 animal hospitals in Massachusetts and New Hampshire collected donations by encouraging clients to round up their transactions to the nearest dollar or to donate online. "We want to thank all of those clients, donors, and staff for helping to make this years' 'Pennies for Pets' a success," said Lauren McVey, regional operations director for VCA Animal Hospitals. "These funds are helping our valued animal-welfare partner groups improve lives in our community." NEADS service dogs offers service dogs for adults and children with a physical disability, service dogs for veterans, and hearing dogs and service dogs for children with autism or other developmental disabilities. The organization's assistance dogs are partnered with professionals in classroom, hospital, ministry, and courthouse settings. Learn more at neads.org. Reported by Sentinel & Enterprise.
Meet KC Animal Health Corridor Investment Forum 2018's 12 competitorsAugust 27, 2018Twelve emerging animal health companies from three countries vied last week for investment opportunities in a "Shark Tank" format with more than 200 animal health companies and 40 financial funds at the 10th annual KC Animal Health Investment Forum. "The Global Animal Health Investment Forum is the premier stage for emerging companies to showcase innovations and technologies that have the potential to revolutionize the animal health industry," said Kimberly Young, president of the Kansas City Animal Health Corridor. Each company is given 10 minutes to present their ideas in front of seven judges, including executives from Nestlé Purina PetCare, Bayer Animal Health, Ceva U.S. Holdings, and Petsmart, followed by a five-minute Q&A session. Presenting companies are seeking anywhere from $500,000 to $20 million in funding and have revenue projections of $20 million within five to seven years. "The Investment Forum is really unique," said Roy Stein, founder and CEO of BabelBark. "It gave us exposure to a mix of people with different backgrounds that were open minded and ready to listen to the newest technology. During Global Animal Health Week we connected with significant investors, potential partners and clients that provided us with enough traction to secure funding and …
Veterinary ethics group supports Veterinary Nurse InitiativeAugust 27, 2018The Society for Veterinary Medical Ethics (SVME), which promotes discussion and debate of ethical issues relevant to veterinary practice, has announced its support of the Veterinary Nurse Initiative to create a registered veterinary nurse credential. This initiative seeks to bring continuity to the title through a multiyear, state to state strategy to work within legislation overseeing credentialing for veterinary technicians. "The SVME fully recognizes the professionalism and essential knowledge and skill brought to the team by veterinary technicians as vital members of the healthcare team and has expanded its own executive board membership to ensure the inclusion of veterinary technicians, who face many different as well as many of the same ethical concerns as their veterinarian team members," the association said in a statement. Veterinary technicians currently are identified under various titles, including certified veterinary technician, registered veterinary technician, and licensed veterinary technicians, which leads to confusion and decreased public understanding of the education and skill required of the position, the group added. "The SVME is in support of title unification and consistent educational standards nationwide to reduce confusion from inconsistent nomenclature and to increase the awareness of the role of veterinary technicians, the profession of …
Banfield Pet Hospital welcomes CFO, manager of mental health servicesAugust 27, 2018Ludek Janousek and Lisa Stewart-Brown have joined Banfield Pet Hospital as CFO and program manager mental health services, respectively. Janousek, charged with shaping key business decisions, strengthening the company's long-term financial health, and driving hospital vision and purpose within the broader organization, holds a master's degree in International Business from University of Economics in Prague, Czech Republic. In her newly created role, Stewart-Brown will develop and implement mental health strategies and initiatives that support the emotional and mental health of Banfield associates, reinforcing Banfield's holistic approach to health and well-being. Stewart-Brown, a licensed clinical social worker, holds a master's degree in social work from California State University, Sacramento, and an MBA with health care emphasis from California Miramar University.
AVMA MyVeterinaryLife website supports early-career vets, studentsAugust 27, 2018MyVeterinaryLife.com, a new American Veterinary Medical Association (AVMA) website for early-career veterinarians and vet students, answers commonly asked questions about the industry and offers career tips, financial guidance, and ways to deal with work-related stress. MyVeterinaryLife.com is dedicated to offering a chance for trainees in the field to receive the critical resources veterinary students and young professionals need to support themselves and their well-being as the next generation of veterinarians, according to the AVMA. Organized based on career stage, the site includes sections for readers in veterinary school, in transition from school to the workforce, or already working as a veterinarian. The platform also provides access to a salary calculator, a student externship locator, and the ProQOL well-being assessment. Other tools on the site include financial tips for fourth-year veterinary students, a series of webinars exploring different veterinary careers, lessons on financial literacy, and more.
Zoetis Core EQ Innovator equine vaccine fights five core diseasesAugust 24, 2018Zoetis' new Core EQ Innovator equine vaccine contains all five core equine disease antigens—West Nile, Eastern and Western equine encephalomyelitis, tetanus, and rabies—in one vaccine. Core EQ Innovator provides a safe and effective immune response against the five core equine disease antigens as demonstrated in safety and efficacy trials, Zoetis stated, adding that the vaccine has been field tested in more than 1,000 horses with 99.7 percent of horses being reaction free.2,3 "Viral respiratory and neurologic diseases are the leading preventable causes of death in horses," said Jacquelin Boggs, DVM, MS, DACVIM, senior veterinarian, Equine Technical Services at Zoetis. "While annual vaccination against the core equine diseases has long been an established standard of care, Core EQ Innovator will simplify compliance and help provide protection to all horses against these deadly diseases. We trust this vaccine will better equip veterinarians with the tools they need to help protect the health and well-being of horses." All of the disease antigens in Core EQ Innovator are backed by the Zoetis Equine Immunization Support Guarantee, which provides horse owners and veterinarians with vaccination support, including diagnostic testing and treatment, the company stated. Available in a 1-mL dose and safe …
Behavior basics for veterinary emergency clinicians and techniciansAugust 24, 2018Emergency and/or critical care workers are often faced with urgent cases and fast-paced environments. Unfortunately, this setting is not always conducive to caring for patients’ emotional needs. Here are some easy ways to help them feel more at ease in even the most trying situations.
New research for canine, human Type 1 diabetes holds promiseAugust 24, 2018Reversing Type 1 diabetes in dogs and humans without the use of daily insulin injections or pumps may become a reality, thanks to a collaboration between Purdue University and the Indiana University School of Medicine. In a preclinical study, researchers developed a mixture of collagen and pancreatic cells and engineered a delivery method that successfully reversed Type 1 diabetes within 24 hours and maintained insulin independence for 90 days. A clinical study in dogs with naturally occurring Type 1 diabetes in collaboration with Purdue's College of Veterinary Medicine is next. "We plan to account for differences from mouse to human by helping dogs first," said Clarissa Hernandez Stephens, first author on the work and a graduate researcher at Purdue's Weldon School of Biomedical Engineering. "This way, the dogs can inform us on how well the treatment might work in humans." Because diabetes in dogs and humans occurs the same, both potentially could benefit from the same cure: A new set of pancreatic cells to replace islets (clusters of cells) that aren't releasing insulin to monitor blood glucose levels. Islet transplantation isn't new, and it poses challenges: It requires multiple donors, it's invasive, and large numbers of transplanted …
