Categories
Business

Merck Animal Health completes acquisition of worldwide rights to VECOXAN® brand of parasiticides for ruminant portfolio

Broadens Merck Animal Health’s Position with Enhanced Parasite Protection in Calves and Lambs

MADISON, N.J.–(BUSINESS WIRE)–$MRK #AnimalHealth–Merck Animal Health, known as MSD Animal Health outside the United States and Canada, a division of Merck & Co., Inc., Kenilworth, N.J., USA (NYSE:MRK), today announced the completion of its previously announced acquisition of the worldwide rights to VECOXAN® (diclazuril), an oral suspension for the prevention of coccidiosis in calves and lambs, from Elanco Animal Health.

VECOXAN is efficacious, in lambs, against the prevention of coccidiosis caused by Eimeria crandallis and Eimeria ovinoidalis, and in calves, against coccidiosis caused by Eimeria bovis and Eimeria zuernii. VECOXAN is available in Europe, South Africa, South Korea and Japan.

Parasite control and protection is an essential and significant part of ruminant overall health management and outcomes. “With advanced digital and diagnostic solutions to manage the welfare of animals as critical components of our technology, we are dedicated to advancing the health and well-being of animals and the people who take care of them,” said Rick DeLuca, president, Merck Animal Health. “This complementary product for youngstock will add to our existing portfolio of veterinary medicines, including parasiticides, vaccines and services, which provides a full range of complementary solutions for our customers, and underscores our commitment to The Science of Healthier Animals®.”

Coccidiosis, a common cause of scours (diarrhea) in lambs and calves that is highly prevalent on cattle and sheep farms, is caused by protozoan parasites called Eimeria that multiply in the intestinal wall, transmitted from animal to animal by the fecal-oral route. Clinical signs include painful scours with or without blood, and decreased appetite and depression, which may progress to dehydration and weight loss. Coccidiosis primarily affects young animals; calves and lambs as young as three to four weeks of age may be affected.

Coccidiosis causes significant economic loss to farmers and producers due to reduced feed conversion, reduced growth rates, reduced performance or death, and by increased susceptibility to other infections, such as intestinal disease or Bovine Respiratory Disease.

About VECOXAN

VECOXAN is an anticoccidial of the benzeneacetonitrile group without antimicrobial activity and has anticoccidial activity against Eimeria species. The product can be used in calves and lambs, beef and dairy, of any weight, in any management system, without environmental restrictions. It has a zero-day meat withdrawal period.

About Merck Animal Health

For more than a century, Merck, a leading global biopharmaceutical company, has been inventing for life, bringing forward medicines and vaccines for many of the world’s most challenging diseases. Merck Animal Health, a division of Merck & Co., Inc., Kenilworth, N.J., USA, is the global animal health business unit of Merck. Through its commitment to The Science of Healthier Animals®, Merck Animal Health offers veterinarians, farmers, pet owners and governments one of the widest ranges of veterinary pharmaceuticals, vaccines and health management solutions and services as well as an extensive suite of digitally connected identification, traceability and monitoring products. Merck Animal Health is dedicated to preserving and improving the health, well-being and performance of animals and the people who care for them. It invests extensively in dynamic and comprehensive R&D resources and a modern, global supply chain. Merck Animal Health is present in more than 50 countries, while its products are available in some 150 markets. For more information, visit www.merck-animal-health.com or connect with us on LinkedIn, Facebook, and Twitter at @MerckAH.

Forward-Looking Statement of Merck & Co., Inc., Kenilworth, N.J., USA

This news release of Merck & Co., Inc., Kenilworth, N.J., USA (the “company”) includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of the recent global outbreak of novel coronavirus disease (COVID-19); the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the company’s patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company’s 2019 Annual Report on Form 10-K and the company’s other filings with the Securities and Exchange Commission (SEC) available at the SEC’s Internet site (www.sec.gov).

Contacts

Merck

Media:

Hester de Voogd

+1 (201) 463-0407

Hester.de.voogd@merck.com

Pam Eisele

+1 (267) 305-3558

Pamela.Eisele@merck.com

Merck

Investors:

Michael DeCarbo

+ 1 (908) 740-1807

Michael.DeCarbo@merck.com

Categories
Business

Phibro Animal Health Corporation declares quarterly dividend

TEANECK, N.J.–(BUSINESS WIRE)–The Board of Directors of Phibro Animal Health Corporation (Nasdaq:PAHC) today declared a quarterly cash dividend of $0.12 per share on its Class A common stock and Class B common stock, payable on September 23, 2020, to stockholders of record at the close of business on September 2, 2020.

About Phibro Animal Health Corporation

Phibro Animal Health Corporation is a diversified global developer, manufacturer and supplier of a broad range of animal health and mineral nutrition products for livestock, helping veterinarians and farmers produce healthy, affordable food while using fewer natural resources. For further information, please visit www.pahc.com.

Contacts

Richard Johnson

Chief Financial Officer, Phibro Animal Health Corporation

+1 201-329-7300

investor.relations@pahc.com

Categories
Business

Bayer takes steps to make carbon sequestration a farmer’s newest crop opportunity

• Bayer to reward growers to generate carbon credits by adopting climate-smart practices and creating a new revenue stream on-farm

• The initiative makes Bayer the first company to develop a transparent, science-based and collaborative approach to a carbon market in agriculture

MONHEIM, Germany–(BUSINESS WIRE)–Agriculture may now have another solution to positively impact climate change thanks to a new initiative launched by Bayer. Beginning this month, Bayer will start rewarding farmers in Brazil and the U.S. for generating carbon credits by adopting climate-smart practices – such as no-till farming and the use of cover crops – designed to help agriculture reduce its carbon footprint and greenhouse gas (GHG) emissions. Bayer’s industry-leading Carbon Initiative is the result of years of work validating a science-based approach and methodology to make this happen. It recognizes the pivotal role growers and their land can play in helping to create lasting, positive environmental impacts and is the latest in the company’s sustainability commitments specifically aimed at reducing field GHG emission by 30% in 2030.

Farmers are passionate environmentalists and stewards of the lands they farm,” said Brett Begemann, Chief Operating Officer of Bayer’s Crop Science division. “Their lives and livelihoods depend on the weather, and they are some of the first to be affected by drought, flooding and extreme conditions. If anyone has a vested interest in battling climate change, it’s farmers and we are committed to developing new business models like this unique Carbon Initiative to help them in that fight.”

Soil is one of the most effective ways of sequestering carbon. Incentivizing farmers to embrace no-till, precision nitrogen use or cover crops helps further sequester carbon into the soil, reduce fossil fuel usage and reduce greenhouse gases. While today farmers get rewarded solely for their food, feed and fiber production, those participating in the Bayer Carbon Initiative will have the opportunity to be rewarded for their best farm management practices and other sustainability efforts as well.

The program’s 2020/2021 season will include approximately 1,200 farmers in Brazil and the U.S. In both countries, farmers will receive assistance in implementing climate-smart agricultural practices and Bayer will acquire the carbon removals created by those practices at transparent prices. The company is also collaborating with partners such as Embrapa in Brazil to build a viable carbon market for farmers.

Bayer plans to expand the program in the U.S. and Brazil to other farmers and then later into other world regions with tailored approaches that will allow growers to choose what climate-smart practices and implementation works best for them. In Europe, we are exploring how this innovative approach could be adapted as part of the European Green Deal. In Asia-Pacific, our goal is to help increase productivity for smallholder farmers as well as reduce methane emissions from rice farming.

We know that growers in the U.S. are not only good stewards of their land, but also shrewd businessmen, too,” said Lisa Safarian, President of Bayer Crop Science, North America. “That’s why this initiative is so exciting – enabling farmers to realize additional financial benefit from carbon-smart farming practices such as the use of cover crops or no-till agriculture.”

We are excited to partner with farmers through this new Bayer Carbon Initiative,” Begemann added. “We’re honored to take this major step with farmers to create a carbon-zero future for agriculture, an important legacy that we can create with farmers to leave to the next generation.”

About Bayer

Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to benefit people by supporting efforts to overcome the major challenges presented by a growing and aging global population. At the same time, the Group aims to increase its earning power and create value through innovation and growth. Bayer is committed to the principles of sustainable development, and the Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2019, the Group employed around 104,000 people and had sales of 43.5 billion euros. Capital expenditures amounted to 2.9 billion euros, R&D expenses to 5.3 billion euros. For more information, go to www.bayer.com.

Find more information at www.bayer.com.

Contacts

Charla Lord, +1 314-343-7196
Email: charla.lord@bayer.com

Brian Leake, +1 314-370-3285
Email: brian.leake@bayer.com