News

The North American pet health insurance sector grew 21.9% in 2023, according to the North American Pet Health Insurance Association's latest "State of the Industry Report," released Wednesday. According to the report, the North American pet insurance industry in 2023 for the first time exceeded the $4 billion mark, with $4.27 billion in total premiums sold [...]

The Companion Animal Parasite Council is warning of the continued expansion of heartworm, Lyme disease and other tickborne diseases throughout the United States in 2024. “Over the past 12 years, we have seen the movement of parasitic diseases and the vectors that carry them expand to new areas, signaling the need for pet owners to test [...]

A new statement issued by the American Association of Veterinary Medical Colleges outlines the organization’s perspective on the often-contentious issue of workforce shortages in the field. The profession faces “significant shortages” of veterinarians, according to the statement, with evidence indicating these shortages “are a result of systemic, long-term trends in pet ownership and demand for veterinary [...]

Chewy reported fourth quarter net sales of $2.83 billion, up 4.2%. Adjusted EBITDA of $86.5 million was down 11%. Net income was $31.9 million, up from $6.8 million last year. For the year, net sales of $11.1 billion was up 10%. Adjusted EBITDA of $368.1 million was up 20%. Net income of $39.6 million was [...]

The FDA is proposing new regulations to provide animal drug sponsors with predictable requirements for the labeling of prescription and over-the-counter new animal drugs, as well as new animal drugs for use in animal feeds. The proposed content and format of labeling would benefit veterinarians, animal owners and animal producers by providing a more consistent presentation [...]