August News - 2017

By Vet-Advantage
August, 2017

Global pet care market tops $100 billion
According to a Petfood Industry report, the global pet care market cracked the US$100 billion sales ceiling in 2016, thanks to a healthy 4.7 percent increase over the year before. Euromonitor International projects that growth to continue, with sales for all pet products and services globally reaching US$117 billion by 2021, a compound annual growth rate of 2.4 percent at constant prices. Pet food will maintain its significant contributions; it accounted for US$75.25 billion of the 2016 sales (at 4.8 percent growth), or nearly 73 percent of all pet care.

Henry Schein reaches #243 on The Fortune 500®
Henry Schein, Inc., announced that it has risen to #243 in the FORTUNE 500® ranking, celebrating its 14th year as one of America’s largest corporations. The company was ranked #268 in last year’s edition of the FORTUNE 500®. Henry Schein had net sales in 2016 of $11.6 billion, up from $4.1 billion in 2004 when it first debuted on the FORTUNE 500 at #487. Since Henry Schein became a public company in 1995, the company’s sales have grown at a compound annual rate of 15 percent.

AAFP release new client brochures
The American Association of Feline Practitioners (AAFP) has just released two new client brochures: How Do I Know if my Cat is in Pain and Degenerative Joint Disease. These brochures provide valuable and reliable information for cat caregivers on topics that impact the quality of life for their cat. Access the brochures at: www.catvets.com/guidelines/client-brochures 

Michael J. Fox to keynote VMX 2018
NAVC announced that on Saturday, February 3 at VMX 2018, all VMX registrants are invited to attend the Opening Session featuring Award-Winning Actor & Parkinson’s Disease Advocate, Michael J. Fox. Take an inspiring journey through the renowned actor, author and activist’s life experiences as he makes the case that real learning and growth actually happens when life goes skidding sideways. He’ll share how “A Funny Thing Happened on the Way to the Future” with his characteristic wit and charm. Learn more at: http://navc.com/conference/?_zs=ulXMf1&_zl=8b534

Neogen names John Adent as CEO
Neogen Corporation announced the company has named John Adent as chief executive officer, effective immediately. James Herbert, the company’s founder and former CEO, will remain as executive chairman and work closely with Adent in the transition of responsibilities. Adent has built his career inside of two companies – 13 years with each. He began his career with management responsibilities for Purina developing animal feed manufacturing and sales in China and the Philippines. When Purina spun off that business to Agribrands, Adent continued his management role in the European division in Spain and Hungary, serving as managing director of the Hungarian operations after it was acquired by Cargill. Adent left that organization in 2004 to assume the CEO responsibilities for Animal Health International (AHI). AHI was acquired by the Patterson Companies in 2015 and Adent continued to serve as CEO of the $3.3 billion animal health division until his recent resignation.

AAHA CEO named 2017 ‘Changemaker’ by MeetingsNet
The American Animal Hospital Association (AAHA) announced Chief Executive Officer Michael Cavanaugh, DVM, DABVP (C/F) Emeritus has been named a 2017 “Changemaker” by meetings industry publication, MeetingsNet. “Changemakers” is an annual list of 20 innovative, dedicated, thought-leading professionals making a difference in the meetings industry. Cavanaugh was selected by MeetingsNet editors from a large and diverse pool of nominees that were gathered from readers, industry leaders, and previous “Changemakers.” Cavanaugh was nominated by business improvement consulting firm Velvet Chainsaw Consulting (VCC) for his thought leadership regarding AAHA’s new conference model, Connexity. “We were impressed with Dr. Cavanaugh’s role in AAHA’s decision to change its yearly conference and replace it with a rebranded, mission-driven, member-focused, new conference experience,” VCC Managing Director David Lutz said. “We thought that was a bold and brave strategic decision that puts the members and profession first. Mission-before-margin business decisions are rare.”

Dr. Kent McClure appointed the AVMA’s Chief of Government Relations
The American Veterinary Medical Association (AVMA) announced that Dr. Kent McClure has joined its team as Chief of Governmental Relations. In this newly created position, he’ll lead the AVMA’s federal and state advocacy efforts to further elevate the success of our advocacy work. Dr. McClure previously served as General Counsel for the Animal Health Institute, where he worked on the development of policy that impacts the veterinary profession, animal health product research and commerce. Dr. McClure has served as a member of the AVMA Judicial Council, a trustee on the AVMA-Professional Liability Insurance Trust, a liaison to the AVMA Council on Biologic and Therapeutic Agents, and a member of the board of directors of the National Association for Biomedical Research. He also worked as an attorney at Cowles & Thompson and practiced veterinary medicine in Texas. He holds a DVM from the Texas A&M College of Veterinary Medicine and Biomedical Sciences and a J.D. from University of Texas School of Law. 

Industry leaders celebrate global economic impact of the KC Animal Health Corridor
Don’t miss the celebration this August as the Animal Health industry converges in Kansas City for a five-day gathering that begins with CVC, a major continuing education convention for veterinarian professionals, and culminates with an exclusive investment forum, part of the 12th annual Homecoming events hosted by the KC Animal Health Corridor. The Corridor, anchored by Manhattan, Kansas, and Columbia, Missouri, is home to more than 300 animal health companies, representing the largest concentration in the world. Companies with a strategic location in the Corridor now represent 56 percent of total worldwide animal health, diagnostics and pet food sales. They employ more than 20,000 individuals and produce products from vaccines to flea and tick collars to research used to detect diseases in food animal populations. Companies within the Corridor are doing work that affects our global food supply and our family pets. Homecoming events start Monday, August 28. Register online at http://kcanimalhealth.thinkkc.com/events/homecoming. 

Veterinary Products, Inc. to join The Veterinary Cooperative
The Veterinary Cooperative (TVC) announced that Veterinary Products, Inc. (VPI) stockholder-owners approved TVC’s offer to allow VPI stockholders and members to join TVC, according to a release. The transaction of VPI members joining TVC and VPI’s dissolution is expected to be completed by the end of July. “I am excited to welcome the potential 600 VPI members into the TVC family of independent clinics “ said Rich Morris, CEO of the Veterinary Cooperative. “TVC’s current membership totals about 2,300, and is projected to reach about 3,000 clinics by the end of the year.” TVC was founded in September 2012 and is headquartered in Evanston, Ill; its member-owners are in the United States, Puerto Rico, and the U.S. Virgin Islands. VPI was a co-op founded in 1994 by a group of 10 veterinarians to create a veterinary-owned distributorship focused on preserving the independent veterinary practice model. 

Zomedica strengthens executive leadership team
Zomedica Pharmaceuticals Corp. announced that Bruk Herbst has joined the company as Chief Commercial Officer. In this new company position, he is responsible for delivering and executing Zomedica’s commercial strategy, as well as leading the company’s business groups across multiple functional areas, including sales, marketing, and customer support and service operations. Herbst brings with him more than 20 years of experience leading commercial strategies to drive sales, marketing, support and technical teams to achieve accelerated revenue growth, lasting customer relationships and industry-leading results, in particular leading the successful launch of an extensive number of products for the veterinary industry. He will lead the commercial strategic launch for Zomedica’s diagnostic, point of care and therapeutic product offerings. Prior to joining Zomedica, Herbst was the Executive Senior Vice President of Sales and Marketing at i4C Innovations. Concurrently, Chief Operations Officer Stephanie Morley, DVM, will transition into a dual role of Chief Operations Officer and Vice President of Product Development.

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