AVet Health
Pharmaceutical company simply focused on great value, quality products, exclusively for vet clinics.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | AUD10.0m | Growth Equity non VC | |
| Total Funding | 000k | ||
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AVet Health is an Australian-based veterinary pharmaceutical company that commenced operations in 2019. Founded by Sanjiv Puri, who also serves as the company's Chairman, AVet Health was established to develop and supply high-quality, value-oriented pet health products exclusively through veterinary clinics. The company's business model is centered on a B2B approach, directly serving veterinary practices across Australia and strengthening the veterinarian-client relationship. Revenue is generated through the sale of its pharmaceutical products to these clinics, which are available through preferred wholesalers.
The company has demonstrated significant growth, reporting sales revenue of over $6.4 million in FY23 and an improvement in gross profit margin from 13% in FY22 to 46% in FY23. A key milestone was the acquisition of the Jurox intramammary range from Zoetis, which was successfully integrated and achieved $2.9 million in sales in its first 12 months. By FY23, AVet Health had launched 11 new products and its Wagg & Purr brand was stocked in over half of the vet clinics in Australia. The company's performance was recognized when it was named the Best Company in Asia, Middle East, and Australasia in the S&P Animal Health Awards in 2022.
AVet Health's product portfolio is distributed under three main brands: Wagg & Purr for companion animals, elevet+ for large animals including horses and livestock, and the multi-species AVET range. The products are developed in-house and are positioned as veterinary-exclusive alternatives to generic medications. The offerings include a variety of pharmaceuticals such as analgesics, sedatives, anesthetics, and antibiotics like AVet Chlorphenamine Maleate Injection, AVet Isoflurane, and AVET Cefovecin Sodium Lyophilised Powder for Injection. The company provides a range of injectables, oral solids, and liquids to address conditions in categories like respiratory and urinary tract infections.
Keywords: veterinary pharmaceuticals, animal health, pet health products, veterinary clinics, Australian pharmaceutical, companion animal health, livestock health, equine medicine, veterinary exclusive, Wagg & Purr, elevet+, Sanjiv Puri, animal antibiotics, veterinary anesthetics, large animal vets, veterinary B2B, pet medication, production animal health