- The animal health industry’s performance for the first half of the year was essentially flat, but activity picked up in the third quarter. writes Scott Brown of Cherry Tree & Associates in the most recent quarterly highlights report. The activity included Philbro’s agreement to acquire certain assets of Zoetis, General Mills’ acquisition of Belgian pet food company Edgard & Cooper, and various funding events, such as FirstVet’s raising $16.6 million.
- In the United Kingdom, roughly 30% of pets are covered by pet insurance. In the United States, the percentage was 3.7% at the end of 2023.
- Congresswomen Deborah Ross (NC) and Claudia Tenney (NY) introduced the People and Animals Well-being (PAW) Act to expand eligibility to include veterinary care expenses under tax-advantaged health care spending accounts.