Fountain Report Excerpts November 01, 2022

Fountain Report Excerpts
  1. Merck reported third quarter sales of $15 billion, up 14% from last year. Net income of $3.2 billion and earnings per share of $1.28 were down 29%. Sales in the first nine months were $45 billion, up 29%. Net income of $11.5 billion ($4.55 per share) was up 24%. “Our third quarter results demonstrate exceptional revenue and underlying earnings growth and sustained performance across our key growth drivers,” said CEO and President Robert M. Davis.
  1. Petco and Nationwide announced a multiyear partnership to co-develop pet insurance programs. “The customized, data-driven pet insurance solutions we’re developing in partnership with Nationwide will be designed to expand families’ access to Petco’s full range of pet care services, giving them longer and healthier lives together,” said Jenny Wolski, Petco’s senior vice president of omnichannel customer experience. The plans are expected to be available in 2023.
  1. The AVMA Council on Education has approved the Lincoln Memorial University veterinary college’s request to add a second entering class of 100 students in the spring semester. LMU President Clayton Hess announced plans to admit the first new cohort beginning in January. “Our mission is to serve Appalachia,” said LMU veterinary college dean Dr. Stacy Anderson. “There is a veterinary shortage that is not only impacting Appalachia but also the entire nation….LMU built spaces to accommodate class expansion and engaged hundreds of veterinary practices to train our students in the distributive clinical year. We stand ready to produce more confident, competent, career-ready veterinarians.”

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