Financial Reports Wrap Up

A streamlined report of multiple financial wrap-ups for veterinary companies.

Alpharma Inc.’s animal division reported that its first quarter revenue, which ended March 31, increased 3 percent to $83.8 million, compared to revenue of $81.7 million in the year-ago period. Overall, the company reported net income of $11.98 million on revenue of $168.08 million for its first quarter, compared to net income of $33.43 million on revenue of $158.98 million in the year-ago period. Alpharma is based in Fort Lee, N.J.

Bioject Medical Technologies Inc., of Portland, Ore., reported net loss of $2.21 million on revenue of $2.13 million for its first quarter, which ended March 31, compared to net loss of $2.6 million on revenue of $1.69 million in the year-ago period. Bioject recently developed a modified Vitajet 3 spring-based device for Merial for use with its canine melanoma vaccine for dogs.

Biopure Corp., of Cambridge, Mass., reported net loss of $6.22 million on revenue of $619,000 (including $500,000 from Oxyglobin sales) for its second quarter ended April 30, compared to net loss of $7.11 million on revenue of $411,000 (including $327,000 from Oxyglobin sales) in the year-ago period. Year to date, the company reported net loss of $13.15 million on revenue of $1.21 million, compared to net loss of $13.55 million on revenue of $888,000 in the year-ago period.

Digital Angel Corp., of Delray Beach, Fla., reported net loss of $3.48 million on revenue of $16 million for its first quarter, which ended March 31, compared to net loss of $586,000 on revenue of $15.82 million in the year-ago period. Digital Angel has increased its previously provided annual 2007 revenue guidance to $76 million to $80 million Henry Schein Inc., of Melville, N.Y., reported net income of $43.49 million on revenue of $1.33 billion for its first quarter, which ended March 31, compared to net income of $16.26 million on revenue of $1.16 million in the year-ago period.

Onex Corp., of Toronto, Ontario, recently purchased Kodak’s Health Group, now operating as Carestream Health, in a $2.6 billion transaction. Onex has global operations in healthcare, service, manufacturing and technology industries. The healthcare operations include emergency care facilities and diagnostic imaging clinics.

Vsurance Inc., of Little Rock, Ark., is public and now listed on the NASDAQ Over the Counter Bulletin Board with the stock symbol VURC.OB. Vsurance, originally founded to provide pet health insurance to pet owners, has developed resources for pet owners and veterinarians, such as VetPetMD, the pet lost and found service Spot-the-Pet and Purrfect Pet Club.

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