Just after Zoetis kicked off its first-ever Investor Day at the New York Stock Exchange on Tuesday, trading in the company's stock was halted unexpectedly midday, when its financial forecasts were released earlier than the company had planned.
Piedmont Pharmaceuticals was founded in 2001 in Greensboro, NC, and has been operating largely off the radar since then. But that all changed on Wednesday, when the company put out an announcement stating a bold objective to be counted "among the top seven largest companion animal pharmaceutical companies in the U.S. by 2020."
It's been a productive couple of weeks for Aratana Therapeutics ($PETX). On October 10, at the Annual Veterinary Cancer Society meeting in St. Louis, MO, investigators working with the company presented key data on two of its lymphoma drugs. Then, last Monday, Aratana announced that it completed a global licensing agreement with Atopix Therapeutics of the U.K. to develop and commercialize a treatment for the skin condition atopic dermatitis in companion animals.
I had the opportunity to sit down with Aratana CEO Steven St. Peter last week to chat about these developments, and more generally, the prospects for the animal health industry going forward. Here are some excerpts from our conversation.
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A U.K. consortium led by Zoetis announced a $3 million project that will use visual imaging and digital technology to improve the health and wellness of pig herds with a goal of better production.
IDEXX Laboratories and Hill's Pet Nutrition teamed up with researchers at Oregon State University to develop a new biomarker, called SDMA. The scientist showed that the biomarker could spot kidney disease an average of 17 months earlier than currently used approaches--and in one case, a full four years earlier.
When Patterson beat fiscal second-quarter sales and earnings estimates on Thursday, the Minnesota-based medical equipment distributor credited the strong performance largely to its veterinary division. Some analysts are predicting that Patterson will cast off its medical division so it can focus on its higher-growth animal health and dental units.
How can the aquaculture industry lead the way to responsible use of antibiotics without sacrificing food safety and endangering human health? That question was posed recently by The Fish Site, published by U.K.-based agricultural data provider 5m.
Pet retail giant Petco of San Diego announced Wednesday that it is acquiring online and catalog company Drs. Foster & Smith, which is owned by veterinarians and based in Wisconsin.
On Friday, Colorado-based Heska took a major step into the spotlight by holding an Investor Day at Nasdaq MarketSite in New York's Times Square.
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