Eli Lilly to spin off Elanco Animal Health unitJuly 25, 2018Eli Lilly and Co. is taking public a minority stake of its Elanco Animal Heath unit, the company said Tuesday. The Indianapolis-based pharmaceutical company announced in October of last year that it was reviewing its animal health business, including spinning it off. The move will allow the company to provide an "even greater focus on the human pharmaceutical business to pursue [its] purpose of creating life-changing medicines for patients," said David Ricks, Lilly's chairman and CEO. Lilly said it expects to offer a less than 20 percent stake in the new company in an initial public offering. Following the IPO, the company said it plans to divest its remaining ownership through a tax-efficient transaction. The company expects to complete the IPO process during the second half of 2018. "Based on our strategic review, we concluded that after-tax value for Lilly shareholders would be maximized by pursuing an initial public offering of Elanco," said Ricks. "We believe this will allow Elanco to efficiently deploy its resources to those growth opportunities that best serve its customers." Founded in 1954, Elanco's portfolio supports the beef, dairy, poultry, swine, and aquaculture industries, as well as companion animals. …
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Client checklist: Tips for traveling with petsJuly 20, 2018Whether traveling by plane, train, or automobile, there are many factors to consider when vacationing with a pet.
Increase in DCM in dogs may be linked to dietJuly 19, 2018Instances of canine dilated cardiomyopathy may be correlated to specific ingredients in pet foods, says the U.S. Food and Drug Administration.
USDA lifts bovine TB testing requirement for Manitoba cattle exportsJuly 19, 2018Breeding cattle and bison shipped to the United States from Manitoba, Canada, no longer require pre-export bovine tuberculosis testing under the United States Department of Agriculture.
John Howe, DVM, named AVMA president-electJuly 18, 2018John Howe, DVM, of Grand Rapids, Minn., has been named president-elect of the American Veterinary Medical Association.
Wedgewood Pharmacy, Diamondback Drugs compounding pharmacies mergeJuly 18, 2018Two animal-health compounding pharmacies, Wedgewood Pharmacy of Swedesboro, N.J., and Diamondback Drugs of Scottsdale, Ariz., have merged to "increase the breadth of medications available, to improve the speed of delivery to veterinary practices and patients, and to evolve the service and quality available to the market today," the companies said in a joint statement. The new company, which will operate as Wedgewood Pharmacy, will employ more than 500 and serve more than 40,000 prescribers. Marcy A. Bliss, Wedgewood Pharmacy's president and CEO, will lead the combined organization. "Combining our two pharmacies will provide more capabilities and enhanced service for all of our customers," Bliss said. "Our deep, combined expertise in compounding medications, together with best-practice prescribing tools, will enhance our customers' experience of doing business with us. We look forward to sharing new preparations, services and tools as they are rolled out. During the process, our integrated pharmacist, customer care, and sales teams will allow us to stay connected with the unique needs of each veterinarian and patient we serve." "Our two organizations have a great deal in common, both historically and in serving the unique needs of veterinary medicine today," said Fabian McCarthy, president …
Injectable anesthetic Alfaxan Multidose approved by FDAJuly 17, 2018A new product registration of the intravenous injectable anesthetic Alfaxan has received approval by the FDA Center for Veterinary Medicine. Alfaxan Multidose contains the same formula as the original product, but with an added preservative to extend product shelf life to 28 days after the vial has been broached.
AVMA announces Pride VMC recipientJuly 17, 2018Mia Cary, DVM, chief of professional services and strategic alliances at the American Veterinary Medical Association, received the inaugural Pride Veterinary Medical Community 2018 Leadership Award.
AVMA names new volunteer leadersJuly 16, 2018The American Veterinary Medical Association House of Delegates named 19 new volunteer leaders for AVMA’s councils and committees during the association’s annual convention.
Heartgard producer launches feline parasiticideJuly 16, 2018A new monthly heartworm disease prevention product for cats has been announced by Boehringer Ingelheim. Applied topically, Centragard (eprinomectin and praziquantel transdermal solution) can also treat and control hookworms, roundworms, and tapeworms.
