Dechra Pharma to acquire veterinary therapeutics company Invetx

Novo Holdings A/S, an international life sciences investor, has announced that its portfolio company, Invetx, will be acquired by Dechra Pharmaceuticals PLC, an international veterinary pharmaceuticals business, for up to $520 million in total consideration on a cash-free, debt-free basis. Invetx creates novel, protein-based animal health therapeutics to transform standards of care in veterinary medicine. With its best-in-class, fully integrated discovery development and commercial manufacturing platform, Invetx leverages biotechnologies validated for human health to create...

College of Veterinary Medicine dean says best time to be a veterinarian

John Tegzes, MA, VMD, Dipl. ABVT, has taken over as dean of the College of Veterinary Medicine at the Western University of Health Sciences from July 15. Dr Tegzes’s career spans over three decades and encompasses clinical practice, academia, research, and leadership roles. He began his tenure at Western University as associate professor of toxicology for the College of Veterinary Medicine in 2003, the year of the college’s inaugural class. He has also taught toxicology...

Global veterinary diagnostics market seen growing to $5 billion by 2029

With the population of pets and livestock around the world on the rise, the global veterinary diagnostics market is set to witness a boom, according to MarketsandMarkets, recognized by Forbes as one of America’s best management consulting firms. The size of the global market for veterinary diagnostics in revenue terms was estimated at $3.3 billion, or Rs27,390 crore, in 2023. It is poised to rise to $5.0 billion, or Rs41,500 crore, by 2029 at a...

Hitesh Swali, straight-talking vet who believes in keeping it simple

There is no surprise when one meets a veterinarian who says he, or increasingly she, loves animals. Indeed, most people tend to think a veterinarian must necessarily love animals. But Hitesh Swali, well-known practitioner in Bombay’s western suburbs, is not that veterinarian. Dr Swali is a fan of Dr Asthana aka Maamu, the immensely popular character from Rajkumar Hirani’s superhit directorial debut film Munna Bhai M.B.B.S. (2003). Like Dr Asthana, he believes doctors must be...

Market for veterinary APIs seen growing over Rs1.30 lakh crore by 2031

According to a new marketing research report published by Meticulous Research, the market for veterinary active pharmaceutical ingredients is expected to grow at a compounded annual growth rate of 7.7% from 2024 to reach $15.84 billion, or Rs1.31 lakh crore, by 2031. Veterinary active pharmaceutical ingredients refer to the essential compounds used to formulate animal pharmaceuticals/veterinary drugs. These ingredients are the biologically active components responsible for the therapeutic effects in animals when they receive medical...

New wound care gel promises to eliminate dreaded Cone of Shame

A random review of social media platforms will reveal hundreds, if not thousands, of supposedly funny videos shared by owners of a humiliated pet using the clunky Elizabethan collar, also known as the Elizabethan cone, E-collar, or Cone of Shame. Pets can be seen in these videos knocking into furniture, struggling to eat, running in circles, or just looking forlorn. This humiliation could soon be a thing of the past, however. KeraVet Bio, maker of...

U.S. FDA clears generic from India to treat heart ailment in dogs

The first generic of veterinary drug pimobendan, used to manage congestive heart failure in dogs due to clinical myxomatous mitral valve disease or dilated cardiomyopathy has been approved by the U.S. Food and Drug Administration. The drug is manufactured by Cronus Pharma Specialities India Pvt Ltd, the Hyderabad-based manufacturing subsidiary of privately held U.S. veterinary drug research company Cronus Pharma based in East Brunswick, New Jersey. The FDA on Thursday approved Pimomedin chewable tablets for...

Record-breaking attendance at Global Pet Expo 2024

The 20th Global Pet Expo, held in Orlando, Florida, on March 20-22, was the biggest edition yet of the pet industry’s premier event, with nearly 20,000 attendees from over 85 countries and over 1,100 companies booking 343,500 net sq ft of exhibition space, the organizers said in a press release. The event is hosted annually by the American Pet Products Association and the Pet Industry Distributors Association at the Orange County Convention Center. Global Pet...

Global pet care market seen crossing $400 billion by 2028

The global pet care market is expected to cross U.S. $400 billion in value by 2028 from U.S. $295 billion in 2022, growing at a compounded annual growth rate of 5.22%, according to an outlook and forecast report for 2023-28 released on ResearchAndMarkets.com. A press release from Research And Markets said that while the global pet care market is highly fragmented with multiple players across various segments, it continues to be dominated by international players...

US firm testing drug to increase lifespan of dogs

Humans and dogs have shared a special bond since time immemorial. Often called man’s best friend, the four-legged furry companion has just one shortcoming: its shorter lifespan (10-13 years on average) as compared to a human. Many have endured the agony of dealing with the loss of a beloved pet. But fret not! According to a report on weather.com, a pioneering anti-ageing drug just might help to extend the life of your favourite pooch. The...