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Zoetis set to acquire Abaxis
The veterinary diagnostics category is estimated to be worth more than $3 billion.
Merger will enhance Zoetis’ presence in veterinary diagnostics

Leading animal health company Zoetis has announced plans to merge with Abaxis, a leading global provider of veterinary diagnostic instruments.

In a joint press release, the companies said the move would enhance Zoetis’ presence in veterinary diagnostics.

Zoetis chief executive officer Juan Ramon Alaix said: “Together we can bring more veterinarian customers a broader range of products that fit into our comprehensive solutions and innovations, from prediction and early detection of disease in animals to prevention and treatment.”

Abaxis chairman and chief executive officer Clint Severson added: “We see a prime opportunity to grow our business as part of Zoetis. We recently invested in expanding operations in Europe, Latin America, and the Asia Pacific Region, with 20 per cent of revenue in fiscal year 2018 coming from our international operations.

“Zoetis has the global presence and direct veterinary customer relationships to deliver greater value to more customers around the world and accelerate the growth of our international operations.”

The veterinary diagnostics category is estimated to be worth more than $3 billion, with a compound annual growth of 10 per cent over the past three years.

Zoetis expects the diagnostics category to continue faster than the animal health industry, with growth driven by rising medicalisation rates, increasing standards of veterinary care and the convenience of in-clinic testing.

Zoetis expects to complete the acquisition by the end of 2018 and says that it intends to fund the purchase through a combination of existing cash and new debt.

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Report: A third of Welsh birds are in decline

News Story 1
 A report by RSPB Cymru and partnering ornithology organisations has revealed that a third of bird species in Wales are in significant decline.

90 per cent of Wales is farmed and there is now pressure to implement new land management policies that will aid in nature restoration.

Patrick Lindley, Maritime Ornithologist for Natural Resources Wales, commented: “The problems that confront UK birds, whether they are breeding or non-breeding, are pressure and threats that confront entire ecosystems.

“Birds are a great indicator to the health of our environment. The continued population declines of birds of farmed, woodland and upland habitats suggest there are large geographic themes that are having a detrimental impact.”  

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News Shorts
BSAVA announces winner of 2019 Bourgelat Award

One of the world’s leading small animal medicine specialists is set to receive the prestigious Bourgelat Award at BSAVA Congress 2019.

Professor Mike Herrtage will be recognised for his major research into metabolic and endocrine diseases, including diabetes mellitus, Cushing’s disease and Addison’s disease.

During his career, Prof Herrtage has co-authored more than 100 scientific papers and written more than 200 other publications such as abstracts, books and chapters. He also continues to be a source of inspiration for thousands of undergraduate and postgraduate veterinary surgeons.