Today's Veterinary Business

FEB 2018

Today’s Veterinary Business provides information and resources designed to help veterinarians and office management improve the financial performance of their practices, allowing them to increase the level of patient care and client service.

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6 Today's Veterinary Business News Briefs News Briefs Oregon State vet school receives $50 million gift The Oregon State University veter- inary school will be renamed the Gary R. Carlson College of Veterinary Medicine following a $50 million donation from the physician, a partner at Dermatology Associates in Westlake Village, California. The 1974 Oregon State graduate's love of dogs was a factor in his selec- tion of the veterinary college. The money will be used to expand the Small Animal Hospital and establish an endowment fund to "attract and retain top-tier veterinary faculty and support college strategic priorities," the university reported. Elanco's Credelio wins OK The U.S. Food and Drug Administra- tion approved Credelio (lotilaner), a beef-flavored chewable tablet for dogs that starts to kill fleas and four species of ticks within four hours of administration. The monthly parasit- icide is indicated for use in dogs at least 8 weeks old and weighing 4.4 pounds or more, according to the manufacturer, Elanco Animal Health. Hagyard Equine acquired Lexington, Kentucky's 142-year-old Hagyard Equine Medical Institute merged with MAVANA, a network of equine, mixed animal and small animal practices. The transaction gave MAVANA (Mixed Animal Veter- inary Associates North America) 23 practices in 11 states, ranging from Florida to Washington. The terms were not disclosed. Redonyl Ultra is coming North American veterinarians in May will gain access to Redonyl Ultra, a nutraceutical formulated to support skin function and the treatment of atopic dermatitis in dogs. Dechra Veterinary Products will distribute Redonyl Ultra under an agreement signed with Premune, a Swedish animal health company. Drug seminar set for May The ins and outs of the veterinary drug regulatory world will be explained during a two-day confer- ence in Kansas City, Missouri. The course, scheduled for May 17 and 18, will be led by Rob Hunter, MS, Ph.D., a veterinary drug development spe- cialist and the owner of One Medi- cine Consulting. More information is available at http://bit.ly/2Df397y. Brakke sold to Swiss firm Switzerland-based Stonehaven Consulting is acquiring Brakke Consulting, a leading animal health market research firm. Founder and President Ron Brakke will serve as a Stonehaven consultant for at least a year. The transaction is expected to close during the first quarter. Orivet DNA test upgraded Orivet Genetic Pet Care updated its Dog DNA Health Screen to check for more than 50 additional inherited conditions, such as glaucoma, mus- cular dystrophy and epilepsy. The collection kits are marketed to veter- inarians, dog owners and breeders as a means to detect heightened health risks and promote their early treatment. Markers for more than 150 canine diseases and traits can be identified through cheek swabs that are collected and sent to a labo- ratory for analysis, Orivet reported. Galliprant is OK in Europe Galliprant, an anti-inflammato- ry drug developed by Aratana Therapeutics Inc., was approved for European distribution. Elanco Animal Health, which manufactures and markets Galliprant (grapiprant tablets) under a license from Arata- na, reported receiving marketing authorization from the European Commission. Galliprant is indicat- ed to treat pain and inflammation associated with mild to moderate osteoarthritis in dogs. AAVMC to honor 4 people The Association of American Vet- erinary Medical Colleges will pay tribute to four educators in March during the organization's 2018 conference in Washington, D.C. The AAVMC Distinguished Teacher Award will go to Jennifer Hodgson, BVSc, Ph.D., DACVM, of the Virgin- ia-Maryland College of Veterinary Medicine; the AAVMC Excellence in Research Award to Colin Parrish, Ph.D., the John M. Olin Professor of Virology at the Cornell University College of Veterinary Medicine; the Sen. John Melcher, DVM, Leadership in Public Policy Award to James A. Roth, DVM, MS, Ph.D., DACVM, the Clarence Hartley Covault Distin- guished Professor at the Iowa State University College of Veterinary Medicine; and the Billy E. Hooper Award for Distinguished Service to Norman B. Williamson, MVSc, DACT, the former veterinary sciences pro- gram director at Massey University in New Zealand. Wanted: telehealth leader Texas A&M University is looking for a veterinarian to develop and implement a telemedicine program within the College of Veterinary Medicine and Biomedical Sciences. More information about the posi- tion — clinical assistant or associate professor of telehealth — is avail- able at http://bit.ly/2rcvlGI. Mars buys Genoscoper Mars Petcare, whose Wisdom Panel test identifies the ancestry of mixed-breed dogs, is venturing deeper into the science of detecting inherited health conditions through the acquisition of Genoscoper Lab- oratories. Helsinki, Finland-based Genoscoper offers genome-wide DNA analysis of pets. Embrace releases new app Embrace Pet Insurance is offering electronic claims submissions for veterinary practices through a new web-based app called Embrace360. Direct reimbursement for accident and illness claims is being planned. New from Nutramax Nutramax Laboratories Veterinary Sciences Inc. tweaked one sup- plement's formula and launched another supplement. Cobalequin, made for dogs and cats, now con- tains the biologically active form of folate, or vitamin B12. Introduced was Quinicarn, an L-carnitine sup- plement for cats and dogs. Diabetes guide available The American Animal Hospital Asso- ciation updated its Diabetes Man- agement Guidelines for the first time since 2010. The 21-page document, available at http://bit.ly/2AL1XXl, in- cludes the latest information about diabetes mellitus and offers new on- line tools and educational resources for pet owners and veterinary teams. Apply: Investment Forum Emerging companies looking to impress the animal health industry and potential financial backers are invited to participate in the 10th an- nual KC Animal Health Investment Forum. The event, scheduled for Aug. 21 in Kansas City, Missouri, is open to companies seeking funding of $500,000 to $20 million and pro- jecting revenue of $20 million within five to seven years. The application deadline is April 6. Details are avail- able at http://bit.ly/2AK9cyO. AMC's CMO goes to Zoetis Richard E. Goldstein, DVM, DACVIM, stepped down as chief medical offi- cer at New York's acclaimed Animal Medical Center. His new job: execu- tive director and chief medical officer of U.S. Diagnostics for Zoetis Inc. Idexx releases SDMA test Idexx Laboratories Inc. announced the North American rollout of the point-of-care Catalyst SDMA Test, a check of kidney health in dogs and cats. The test is designed to be added to any chemistry panel and run on the Catalyst One or Catalyst Dx analyzers. Results are returned within minutes, Idexx stated. Brazil's ABASE sells 60% Henry Schein Inc. acquired a 60 percent stake in ABASE, a Brazil- ian veterinary products distributor. Terms were not disclosed. ABASE re- ported 2017 revenue of $27 million, less than 1 percent of Henry Schein's 2016 global animal health sales of $3.3 billion. iVET360 gets new home The practice management services company iVET360 moved into Port- land, Oregon's historic Mason- Ehrman Building. iVET360, which has more than 300 clients nationwide and plans to double its sales team, offers marketing, analytical, human resources and training services.

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