VCA Antech Inc.April 17, 2009 VCA Antech Inc.’s animal hospital division reported revenue of $209.3 million for its fourth quarter ended Dec. 31, compared to revenue of $171.9 million in the year-ago period. Year to date, the division reported revenue of $844.3 million for its fourth quarter, compared to revenue of $712 million in the year-ago period. Animal hospital same-store revenue for the fourth quarter grew 2.5 percent. Year to date, animal hospital same-store revenue grew 5.2 percent. The laboratory division reported revenue of $68.6 million for its fourth quarter, compared to revenue of $63.3 million in the year-ago period. Year to date, the division reported revenue of $295.7 million, compared to revenue of $258.3 million in the year-ago period. The medical technology division reported revenue of $13.9 million for its fourth quarter, compared to revenue of $14 million in the year-ago period. Year to date, the division reported revenue of $46.8 million, compared to revenue of $39.3 million in the year-ago period. Overall, VCA Antech reported net income of $24.6 million on revenue of $284.2 million for its fourth quarter, compared to net income of $19.3 million on revenue of $242.4 million in the year-ago period. Year to …
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Neogen’s Animal Safety Division Sees 45% IncreaseApril 17, 2009 Neogen Corp.’s animal safety division recently reported revenue of $13.26 million for its first quarter ended Aug. 31, compared to revenue of $9.15 million in the year-ago period, representing a 45 percent increase. The increase included growth in products sold to veterinarians through ethical market channels, growth in products sold to large food animal producers and processors and a continued increase in sales of diagnostic products. The company also noted the resurgence of same-store sales growth within the division, especially within its Hacco subsidiary, which specializes in rodenticides and other bait formulations. Neogen’s food safety division reported revenue of $15.55 million for its first quarter, compared to revenue of $13.76 million in the year-ago period, representing a 13 percent increase. The increase was led by sales of diagnostic tests for food allergens—a 48 percent increase—driven by new customers and a number of high-profile food recalls related to food allergens. International sales accounted for 42 percent of total first quarter revenue and were helped by the June formation of Neogen’s new subsidiary in Mexico to enhance distribution of products in that country, and Central America. The company’s Scotland-based Neogen Europe subsidiary also continued …
Neogen Corp. - 04-28-2008April 17, 2009 Neogen’s animal division recently reported revenue of $11.3 million for its third quarter ended Feb. 29, a 20 percent increase from $9.5 million in the year-ago period. The third quarter saw a 48 percent increase in sales of specialty needles and syringes to be used by manufacturers of veterinary supplements and pharmaceuticals. With the acquisition of Kane Enterprises last year, third-quarter sales of Neogen’s animal over-the-counter products increased 63 percent compared to the year-ago period. Year to date, the division reported revenue of $33.2 million, a 16 percent from $28.7 million in the year-ago period. Overall, Neogen reported net income of $2.7 million on revenue of $25.2 million for its third quarter, compared to net income of $2 million on revenue of $21.1 million in the year-ago period. Year to date, the company reported net income of $8.9 million on revenue of $75.3 million, compared to net income of $6.8 million on revenue of $63.5 million in the year-ago period. Neogen’s animal division is in Lexington, Ky. <HOME>
Financial Newswire 02-05-2008April 17, 2009PetMed Express Mail order pet pharmacy PetMed Express of Pompano Beach, Fla., reported a 60 percent increase in net income and a 19 percent increase in revenues for its third quarter ended Dec. 31 , driven in part by growth in its reorders and Internet sales. For the quarter, the company posted net income of $4.4 million on sales of $37.3 million, compared to net income of $2.8 million on sales of $31.4 million in the year-ago period. Year-to-date, the company posted net income of $15.1 million on sales of $147.9 million, compared to net income of $10.8 million on sales of $125.8 million in the year-ago period. Reorder sales grew 28 percent for the quarter to $28.4 million and 23 percent to $103.4 million for the nine-month period. Internet sales, which accounted for about 65 percent of PetMed’s revenues in the third quarter of 2007 compared to 63 percent in 2006, grew 23 percent to $24.4 million for the quarter and 24 percent to $96 million for the nine-month period. Internet and reorder sales boost the company’s profit margins as they allow the company to leverage operating costs. PetMed sales prescription and non-prescription …
VCA Antech Inc. - 02-05-2008April 17, 2009 Los Angeles-based VCA Antech Inc. recently reported preliminary financial results of $284 million for its fourth quarter ended Dec. 31 and year to date revenue of $1.16 billion. In addition to the acquisition of Healthy Pet Corp., which included 42 animal hospitals with annual revenue of about $80 million, VCA Antech acquired 29 individual animal hospitals with annual revenue of more than $57 million. “We believe that, historically, the animal healthcare industry and our business have been relatively resistant to changes in the general economy, but not immune to them,” said Bob Antin, chairman and chief executive officer. “However, the fourth quarter results appear to indicate that we were marginally impacted by the uncertainty in the economy. “In addition, the timing of the Christmas and New Year holidays, the California fires, the weather and competition also had an adverse impact on our results. As a result of these factors, during the fourth quarter, and particularly the second half of the quarter, our internal revenue growth slowed. Animal hospital same-store revenue growth for the fourth quarter of 2007 was 2.5 percent and laboratory internal revenue growth was 9.1 percent.” Year to date, animal hospital same-store revenue …
AHS Survey Defines Heartworm Research PrioritiesApril 2, 2009The American Heartworm Society released the results of its first stakeholder survey, designed to identify the top priorities for researchers to take on. Some 495 veterinarians, scientists, industry representatives, shelter directors and animal rescue organizations ranked the importance of topics, including: The biology of Dirofilaria immitis and its vectors. The impact of climate change on transmission. Reservoirs of infection. Epidemiology of infections in different species. Issues regarding pet owner compliance. The highest-ranking priorities in veterinary practice included treatment of feline infection, feline diagnostics, treatment of canine infection and owner compliance with preventive administration. For scientists, the highest priorities included canine preventives, treatment of feline infection and feline diagnostics. Treatment of canine infection was one of the highest priorities among those who had experience in animal shelters, followed by owner compliance with preventive administration and canine preventives. Those with experience in academics or education ranked canine epidemiology as one of the highest priorities, followed by vectors of transmission and reservoirs of infection. From an industry perspective, the highest priorities were canine preventives, owner compliance with preventive administration and feline preventives. "Even though heartworm disease is an ancient threat to our companion animals, there are still critical issues that …
AKC Awards Imulan Atopic Dermatitis GrantApril 1, 2009Imulan BioTherapeutics LLC of Prescott, Ariz., received a grant from the American Kennel Club Canine Health Foundation to develop a diagnostic method for canine atopic dermatitis. The grant is based on Imulan's T-Cell Receptor peptide technology platform, the same platform being used to develop a therapeutic vaccine for canine atopic dermatitis. "We are grateful to the American Kennel Club for its research support for diseases like atopic dermatitis," said Daniel Gingerich, DVM, chief scientific officer of Imulan. "This project will examine immunological markers in blood to try and better identify patients with atopic dermatitis. If successful, Imulan's atopic dermatitis diagnostic could be available from Imulan's reference laboratory early next year." Canine atopic dermatitis affects up to 5 percent of the dog population, according to Imulan. Clinical signs include itching and an increase in topical skin infections such as staphylococcal pyoderma. <HOME>
ACVS Certifies 65 Veterinary Surgery SpecialistsMarch 17, 2009The American College of Veterinary Surgeons has board-certified 65 veterinary surgery specialists. "Successfully completing the certifying examination of the American College of Veterinary Surgeons is a personal and professional accomplishment by these former residents," said Larry Bramlage, chairman of the ACVS Board of Regents. "We, as an organization, and I personally wish to congratulate these new diplomates on the culmination of their training, the mastery of the certifying examination. I wish them all a rewarding and fruitful career as a specialist in veterinary surgery." Some 1,403 veterinary surgeons are board-certified. Almost 65 percent of ACVS diplomates are small-animal surgeons and the rest are large-animal surgeons. The 65 veterinary surgery specialists are: Name Location Nicole S. Amato, DVM Roslindale, Mass. Jonathan D. Anderson, BVM&S Davis, Calif. Jonathan R. Anderson, DVM Pittsburgh, Pa. Gregory A. Arnold, DVM Plano, Texas Nicholas J. Bacon, VetMB, MRCVS Gainesville, Fla. Jason Balara, DVM Charlotte, N.C. William J. Banz, DVM San Leandro, Calif. Britany Benson-Timberlake, DVM Delavan, Wis. Mary Sarah Bergh, DVM Madison, Wis. John M. Bevan, DVM Austin, Texas Catherine Briere, DVM Duxbury, Mass. Charles W. Bruce, DVM Manotick, Ontario Evita Busschers, DVM, MVR Kennett Square, Pa. …
Alaska Canine Cookies Pulls TreatsMarch 12, 2009The nationwide peanut butter recall has prompted another maker of dog treats to pull its product from shelves. Alaska Canine Cookies of Anchorage, Alaska said it is recalling Peanut Butter, Power Bone and Carrot Cake flavors of Canine Cookies. These products were made with peanuts recalled by Peanut Corporation of America (PCA), and have the potential to be tainted with Salmonella, the company said March 10. Salmonella can affect pets and there is risk to humans from handling contaminated pet food. The company informed customers about the recall on its website, including information on the symptoms of Salmonella, which include some or all of the following: nausea, vomiting, diarrhea or bloody diarrhea, abdominal cramping and fever. Rarely, Salmonella can result in more serious ailments, including arterial infections, endocarditis, arthritis, muscle pain, eye irritation and urinary tract symptoms. People can get Salmonella if they do not thoroughly wash their hands following contact with tainted pet food or any surfaces exposed to the product. Pets with Salmonella may be lethargic and have diarrhea or bloody diarrhea, fever, and vomiting. Some will have only decreased appetite, fever and abdominal pain. Infected but otherwise healthy pets can be …
Animal Network Sites Launch Video ContestMarch 9, 2009Lumina Media, parent of VeterinaryPracticeNews.com, has launched a monthly interactive public service announcement video contest designed to highlight pet-care topics and promote responsible pet ownership. "This is a fun and creative way for devoted pet owners to help educate others on serious pet -care issues," said Melissa Kauffman, editorial director for Lumina Media. "Our website users are amazing and we strongly believe that all of us working together will make a better world for our pets." Lumina Media will provide scripts on pet care topics, including nutrition, summer safety and disaster preparedness, on several of its AnimalNetwork.com species-specific websites: www.dogchannel.com, www.catchannel.com, www.birdchannel.com, www.reptilechannel.com, www.horsechannel.com and www.smallanimalchannel.com. Visitors will use the scripts to create PSA videos on the monthly topic. For example, the initial contest will highlight Pet Appreciation Week, June 7-13. The deadline for uploading videos to the respective sites will be May 15. One winner from all the sites will be selected each month and named the Editor's Choice PSA. The submitter will receive 1,000 points for the respective online club (dog, cat, bird, etc.) to apply toward redeemable gifts and merchandise. Winners …
