Elanco Animal Health to acquire Aratana TherapeuticsApril 30, 2019Elanco Animal Health has signed an agreement to acquire Aratana Therapeutics. The deal allows Elanco to integrate the Aratana portfolio of pet therapeutics into its companion animal therapeutics business. "Aratana has been one of the most innovative start-ups in animal health, bringing breakthrough solutions to the market," says Elanco president and chief executive officer, Jeff Simmons. "We look forward to putting greater energy behind these brands with our increased share of voice in the field and leveraging." The deal is structured as a stock-for-stock transaction and remains subject to customary closing conditions. The contract must be approved by Aratana stockholders and clearance under the Hart-Scott-Rodino Antitrust Improvements Act. "This proposed transaction acknowledges Aratana's contribution of pet therapeutics to the animal health industry, specifically recognizing our strong track record as a drug developer and our field team's unmatched expertise delivering innovation to veterinary specialists," says Aratana president and chief executive officer, Craig Tooman. "We believe Elanco will help expand our portfolio with its substantial resources and presence within the companion animal segment."
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Elanco Animal Health becomes stand-alone companyMarch 11, 2019Elanco Animal Health says it is now a fully independent company after completing its split from Eli Lilly. In 2017, Lilly announced the exploration of potential strategic alternatives for Elanco. "This is a historic day for everyone at Elanco," says company president and chief executive officer, Jeff Simmons. "It reflects our team's hard work over the past two years, and the confidence we have the right strategy and are successfully progressing the execution against it." The share exchange was finalized a little less than six months after 19.8 percent of Elanco's shares were sold to the public. Since then, Elanco reported two quarters of financial and operating results as a standalone company. "With this milestone behind us, we look forward to a singular focus delivering innovative solutions and services for our customers—the farmers, veterinarians, and pet owners that are central to our success," Simmons says. "We welcome our new Elanco shareholders who join us and offer our appreciation to our customers, and Lilly for the decades of support."
Elanco steps up fight against antimicrobial resistanceSeptember 28, 2018Elanco Animal Health has announced new commitments in the fight against antimicrobial resistance, focusing on three key areas of stewardship, including combating antimicrobial resistance through responsible antibiotic use, reducing the need for medically important antibiotics in livestock, and significantly investing in researching new alternatives. New commitments include: Investing at least half of Elanco's food animal research and development budget in projects dedicated to developing alternatives to shared-class antibiotics Increasing veterinary and professional oversight access in countries with limited resources through new partnerships Expanding data collection and analytics to inform animal health professionals on best practices Encouraging vaccination and nutrition programs that reduce the need for medically important antibiotics by preventing disease The Antimicrobial Resistance Challenge, led by the Centers for Disease Control and Prevention (CDC) and U.S. Health and Human Services (HHS), is a yearlong effort to accelerate the fight against antimicrobial resistance with action across governments and industries. "It is of utmost importance we address the complex challenge of antimicrobial resistance and preserve the effectiveness of medicines for people and animals," said Jeff Simmons, president and CEO of Elanco. "Supporting the CDC and HHS effort is an important step in reaffirming our commitment to responsible …
Veterinary practice trends webinar highlights further industry consolidationAugust 17, 2018In just five years, 25 percent of veterinary practices, accounting for half of all veterinary visits, will be corporately owned, according to Brakke Consulting. During a webinar presented at the end of June, "Hot Topics in Veterinary Practice," Brakke senior consultant John Volk said myriad variables were contributing to the trend: looming mass veterinarian retirement, fewer vets wanting to own practices, low interest rates and high interest for investors, and more. The webinar also discussed the largest veterinary consolidators; Banfield Pet Hospital and VCA lead the way with nearly 2,000 practices; National Veterinary Associates counts more than 400 clinics, and VetCor has more than 200. Something corporate outfits can offer that consumers want is the convenience of pet health plans, which allow pet owners to pay in regular installments, increase clinic visits and revenue, improve patient care, attract new clients, and build a bond between the practice and the client. To counteract corporate sales, Volk said associates should work with a current owner, partner with others, and focus on one- and two-doctor practices. Other sectors of the profession mimic the consolidation trend. The top five animal drug manufacturers, Bayer Animal Health, Boehringer Ingelheim, Elanco Animal Health, …
FDA reminds vets of Zycortal Suspension amid Percorten-V shortageAugust 2, 2018Due to a shortage of Percorten-V, which is approved for use as replacement therapy for mineralocorticoid deficit in dogs with Addison's Disease, the U.S. Food and Drug Administration's Center for Veterinary Medicine is reminding veterinarians that Zycortal Suspension is an alternative treatment option that is not currently in shortage. Elanco Animal Health, manufacturer of Percorten-V (desoxycorticosterone pivalate injectable suspension), reported a manufacturing issue with the product. "Elanco is experiencing a delay in production of Percorten-V due to the inability of our contract manufacturing facility to supply product," according to the company's website. "While we work diligently to resolve this delay, there is an interruption of product supply to veterinarians. The technical challenges in the manufacturing process are being actively investigated with a focus on expediting resolution. The timeframe to resume production is dependent on the investigation conclusions and at this point is unknown. Elanco deeply regrets that this production issue is impacting the veterinarians and pets that rely on us to manage this serious disease, and is working persistently to hurry this product back to those who need it." Zycortal Suspension (desoxycorticosterone pivalate injectable suspension), also approved for use replacement therapies for mineralocorticoid …
Eli Lilly to spin off Elanco Animal Health unitJuly 25, 2018Eli Lilly and Co. is taking public a minority stake of its Elanco Animal Heath unit, the company said Tuesday. The Indianapolis-based pharmaceutical company announced in October of last year that it was reviewing its animal health business, including spinning it off. The move will allow the company to provide an "even greater focus on the human pharmaceutical business to pursue [its] purpose of creating life-changing medicines for patients," said David Ricks, Lilly's chairman and CEO. Lilly said it expects to offer a less than 20 percent stake in the new company in an initial public offering. Following the IPO, the company said it plans to divest its remaining ownership through a tax-efficient transaction. The company expects to complete the IPO process during the second half of 2018. "Based on our strategic review, we concluded that after-tax value for Lilly shareholders would be maximized by pursuing an initial public offering of Elanco," said Ricks. "We believe this will allow Elanco to efficiently deploy its resources to those growth opportunities that best serve its customers." Founded in 1954, Elanco's portfolio supports the beef, dairy, poultry, swine, and aquaculture industries, as well as companion animals. …
Elanco PRRS vaccine licensed by USDAJune 27, 2018Prevacent PRRS vaccine, a modified-live respiratory vaccine effective in the reduction of porcine reproductive and respiratory syndrome (PRRS), respiratory form, in piglets aged 2 weeks or older, has been licensed by the USDA, reports Elanco Animal Health, a division of Eli Lilly and Co. PRRS causes disease in two forms: a respiratory form that weakens young pigs' ability to breathe and a more severe reproductive form that causes mass deaths in pigs during late pregnancy. Since its emergence in the late 1980s, the virus has cost the swine industry millions annually in respiratory disease in piglets and reproductive failure in sows. Current estimates place the cost at $560 to $660 million annually. "PRRS has grown to be a costly and challenging disease that is difficult to control at the local, regional, and national levels," said Chris Chavis, senior director with Elanco North America Food Animal Business. "We are eager to bring producers a new product to tackle this devastating disease." The vaccine is part of Elanco's Full Value Pigs line, which includes a portfolio of products that help to control specific enteric and respiratory diseases. The viral strain in Prevacent PRRS is "highly relevant" to today's swine operations, Elanco …
Elanco announces FDA approval of new flea, tick preventiveJanuary 24, 2018Elanco Animal Health, a division of Eli Lilly and Co., announced that Credelio has been approved by the FDA. Credelio is a new monthly oral tick and flea option for dogs that contains the patented active ingredient lotilaner, which targets the nervous system receptors of ticks and fleas, not dogs, according to the company. The preventive protects against lone star, American dog, black-legged, and brown dog ticks, as well as fleas. "When choosing pet medications, veterinarians and pet owners are most concerned with safety for the pet as well as efficacy of the product. Lotilaner, the active ingredient in Credelio, was selected from hundreds of candidate molecules with this in mind," said Tony Rumschlag, DVM, director, regional consulting for Elanco. "This new tasty chewable is fast-acting and effective against ticks and fleas, while being easy on dogs and puppies." In a field study, 100 percent of Credelio tablets were administered successfully and dogs accepted 94 percent of them when offered by hand, in an empty bowl, or with food, according to the company. The product's active ingredient—lotilaner—circulates in the dog's blood stream, targeting the receptors of ticks and fleas when they bite the dog. In clinical studies, it killed 100 …
Boehringer to sell vaccine lines to ElancoOctober 5, 2016Elanco Animal Health plans to acquire more than 40 vaccines from Boehringer Ingelheim Vetmedica Inc. in a transaction valued at $885 million, the companies announced today.
