Fountain Report Excerpts Jun 18, 2024

Fountain Report Excerpts
  1. Mars, long known as the maker of iconic brands like M&M’s and Snickers, is also the biggest corporate buyer of veterinary practices. The company, which also has a stake in the pet food industry, has been acquiring clinics for 30 years. Mars showed “other people in finance the value that could be found in vet medicine,” said one veterinarian who worked at VCA (owned by Mars) and then for a private equity-backed pet clinic. Fortune takes a look inside Mars’ veterinary care business.
  1. Florida is expected to join a handful of states that allow veterinary care to be provided online without the need for an initial in-person examination, the VIN News Service reports. The proposed law, approved by lawmakers in March, was received by Governor Ron DeSantis on June 7. He has until June 22 to veto the bill; otherwise, it will become law without his signature. A veto was not anticipated given the bill’s unanimous support in the state legislature. In response to concerns raised by the Florida Veterinary Medical Association, the law mandates in-person exams for prescriptions for heartworm medications, off-label drugs and compounded medications.
  1. The European Union has entered a contract with CSL Seqirus UK Ltd. for 665,000 doses of zoonotic influenza vaccine and an option for a further 40 million doses to protect adults against influenza caused by the H5 influenza strains. Shipments will go first to Finland, with other countries to follow. The EU announcement comes on the heels of an announcement in late May that the U.S. National Pre-Pandemic Influenza Vaccine Stockpile program had selected CSL Seqirus to complete the fill-finish process of pre-pandemic vaccine. Under terms of the agreement, the company will deliver approximately 4.8 million vaccine doses, WattAAgNet reports.

Click HERE to subscribe to the full Fountain Report content.