Source: AVMA Lina Khan, Chair of the FTC, addressed the 2024 AVMA Veterinary Business and Economic Forum, focusing on litigation against noncompete agreements and the impact of the FTC’s new merger guidelines on the Veterinary industry. She emphasized the FTC’s concern over the negative effects of noncompetes on workers, including veterinarians, citing examples where these […]
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Source: Farm Journal The USDA announced initiatives to promote fair competition in American agriculture, aiming to lower food prices for consumers in line with President Biden’s Executive Order on Promoting Competition. Key actions include a three-part seed competition strategy, improving patent disclosures, guiding USDA researchers, and encouraging germplasm sharing for research. In addition, an interim […]
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Source: Midwestern Pet Foods Midwestern Pet Foods (MPF) has donated 24,000 pet food meals to charities in the Southeast following the devastating flooding caused by Hurricane Helene. The donations were made in collaboration with Phillips Pet Food & Supplies and Southeast Pet Distributors. Brandi Kramer, MPF’s Marketing Coordinator, expressed the company’s commitment to supporting communities […]
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Source: PR Newswire A new survey by Ollie, a fresh dog food company, reveals a significant gap between dog owners’ perceptions and the reality of their pets’ health. While 60% of dogs in the U.S. are classified as overweight, three in five dog owners believe their pets are at an ideal weight, indicating widespread misunderstanding. […]
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Source: Mars Petcare New research from Waltham Petcare Science Institute reveals the role of oxytocin, the “love hormone,” in interactions between children and dogs. The study shows that both children and dogs experience increased oxytocin levels when playing together, whether the dog is a pet or a therapy dog. This is one of the first […]
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Source: Datamars Datamars, a global leader in animal management solutions, has acquired Pulse NeedleFree Systems, a pioneer in needle-free injection technology for the Animal Health industry. This acquisition strengthens Datamars’ commitment to enhancing sustainable livestock productivity and improving animal welfare. Pulse’s technology enables non-invasive administration of vaccines and medications, addressing critical challenges such as injection […]
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Source: Pet Age Walmart is expanding its pet care offerings, providing more affordable and accessible in-person and virtual Veterinary care, grooming, pet prescriptions, food, and supplies. With pet-related spending expected to grow 7% annually by 2030, Walmart is addressing the rising costs of pet care, offering transparent and low-cost services at new Walmart Pet Services […]
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Source: Veterinary Practice News The Texas A&M Veterinary Emergency Team (VET) was deployed by the Texas Division of Emergency Management in response to Hurricane Helene, which severely impacted Southern states, particularly North Carolina. VET’s mission is to support search and rescue dogs working in hazardous conditions, such as rough terrain and floodwaters. Led by Dr. […]
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Source: Pet Business Professor In 2023, total U.S. pet spending grew by $14.89 billion (+14.5%), reaching $117.6 billion. The pet supplies segment, which had declined in 2022, rebounded with a 4.9% increase, totaling $23.02 billion. The average household spent $171.08 on pet supplies, up 4.5% from 2022. However, spending trends varied significantly across income and […]
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Source: The Retail Bulletin Wolf & Badger, a marketplace for independent brands, has launched a new luxury pet product category in response to growing consumer demand for eco-conscious and premium pet products. The collection includes a variety of items such as sustainable accessories, eco-friendly toys, organic grooming products, and responsibly made pet wearables. The products […]
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Source: PR Newswire Elanco Animal Health announced that the U.S. FDA has approved Credelio Quattro™, the broadest canine oral parasiticide, offering protection against six types of parasites, including fleas, ticks, heartworms, and three intestinal parasites (roundworms, hookworms, and tapeworms). The monthly chewable tablet is suitable for dogs aged eight weeks or older and weighing at […]
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Source: Pets+ The International Boarding & Pet Services Association (IBPSA) announced the winners of the 2024 Pet Care Business Excellence Awards, known as the IBBYs, during its FLOW Business Conference in Tucson, AZ. The IBBYs honor individuals and organizations excelling in vision, leadership, animal welfare, company culture, customer service, community involvement, and commitment to growth. […]
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Source: AVMA News A recent analysis by Brakke Consulting, commissioned by the AVMA, indicates that the number of U.S. Veterinary graduates will likely meet the demand for veterinarians through 2035. The report, which focuses on supply and demand trends, highlights that while the number of companion animal veterinarians is projected to grow faster than the […]
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Source: CNBC Walmart is expanding its pet care business by opening five new pet service centers in Arizona and Georgia, offering Veterinary care and grooming services. These centers, operated by PetIQ but branded as Walmart, will provide routine vet care, wellness exams, and grooming for cats and dogs. This move follows the success of Walmart’s […]
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Source: VHMA At the Veterinary Hospital Managers Association’s (VHMA) “Racing toward Success” Annual Conference in Charlotte, NC, VHMA announced the launch of a new certification program: the Certified Veterinary Office Manager (CVOM). This program is designed for Veterinary management professionals focused on administrative tasks and team leadership, complementing the existing Certified Veterinary Practice Manager (CVPM) […]
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Source: PR Newswire Elanco Animal Health has announced FDA approval for Credelio Quattro™, a new monthly chewable tablet offering the broadest parasite protection for dogs. Credelio Quattro protects against six types of parasites: fleas, ticks, heartworms, and three intestinal parasites (roundworms, hookworms, and tapeworms). This first-of-its-kind product contains four active ingredients (lotilaner, moxidectin, praziquantel, and […]
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Source: Pet Age Lone Wolf Ranch, a premium dog food brand founded by Chuck and Gena Norris, has officially launched, offering nutrient-rich, air-dried foods for dogs. Motivated by their love for dogs and the health issues their own pets faced, the Norris family dedicated years to researching dog nutrition. They discovered that many commercial dog […]
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Source: Wedgewood Wedgewood has introduced molnupiravir to its formulary, becoming the first U.S. Veterinary compounding pharmacy to offer feline-friendly formulations of the drug, which shows promise in treating Feline Infectious Peritonitis (FIP), a typically fatal disease affecting around 15,000 U.S. cats annually. Originally developed for human viral infections like COVID-19, molnupiravir has shown potential in […]
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Source: Crunchbase News The global pet care industry is booming, with spending surpassing $320 billion in 2023 and projected to reach nearly $500 billion by 2030. Despite this growth, investment in pet care startups has slowed, with just over $500 million invested across 50 companies in 2024, the lowest in years. Notable exceptions include Loyal, […]
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Source: Pet Food Processing On October 3, 2024, Ollie, a fresh dog food company, announced its acquisition of DIG Labs, an AI-driven pet health screening company. This acquisition enables Ollie to further its mission of improving dog health by incorporating AI-based diagnostic tools into its services. DIG Labs specializes in health screenings for dogs, including […]
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