STOCK TITAN

PetVivo Holdings, Inc. - PETV STOCK NEWS

Welcome to our dedicated page for PetVivo Holdings news (Ticker: PETV), a resource for investors and traders seeking the latest updates and insights on PetVivo Holdings stock.

PetVivo Holdings Inc (PETV) is an emerging biomedical device company with a focus on licensing and commercializing innovative medical devices for pets, known as pet therapeutics. The company aims to capitalize on investments in the human biomaterials and medical device industries to bring therapeutics to pets efficiently. As part of its strategy, PetVivo in-licenses proprietary products from human medical device companies for pet use. Its wholly-owned subsidiaries include PetVivo, Inc., Gel-Del Technologies, Inc., and CosmetaLife Corporation.

Rhea-AI Summary

PetVivo Holdings reported fiscal 2024 results, showing a 6% revenue increase to $969,000 and a gross profit of $740,000, or 76.3% of revenues. Sales of Spryng™, their lead veterinary medical device, rose by 15% to $732,000. Operating expenses increased 20% to $11.4 million, primarily due to higher general and administrative expenses and R&D costs. The net loss totaled $11.0 million or $(0.78) per share, compared to a net loss of $8.7 million or $(0.85) per share in fiscal 2023. The company plans further expansion in fiscal 2025, expecting net revenue of $1.5 million to $2.0 million.

Operationally, PetVivo achieved distribution of Spryng™ to over 700 veterinary clinics across 50 states and reported positive clinical study results. The company expanded its distribution network, partnering with Covetrus North America. New key appointments include Garry Lowenthal as CFO and Spencer Breithaupt to the board of directors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-32.5%
Tags
-
Rhea-AI Summary

PetVivo will hold a conference call on June 28, 2024, at 5:00 p.m. ET to discuss fiscal Q4 and annual results ended March 31, 2024. The financial results will be released prior to the call. Management will present and answer questions. Dial-in and webcast replay options are available.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.18%
Tags
conference call earnings
-
Rhea-AI Summary

PetVivo Holdings has appointed Bryan Monninger as their new VP of Sales. Monninger brings over 20 years of experience in sales and marketing, including senior roles at NOVUS, Colgate-Palmolive, Lintbells, and ConAgra. He will lead PetVivo's sales and distribution teams to expand the market adoption of their animal osteoarthritis product, Spryng™ with OsteoCushion™ Technology. Monninger's extensive background includes successful market entries, strategic planning, and sales growth acceleration. CEO John Lai expects Monninger's expertise to drive PetVivo's growth and expand their market reach both domestically and internationally.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
Rhea-AI Summary

PetVivo Holdings announced that April Boyce has joined as Vice President of Marketing. Boyce, with over 20 years of experience in consumer-packaged goods (CPG) marketing, sales, and strategic partnerships, has held significant roles at Procter & Gamble and Clorox. At Clorox, she led the shopper marketing division and formed strategic partnerships with companies like Burt's Bees, Coca-Cola, and Tyson Foods. Her most recent role was Chief Commercial Officer at pet tech start-up, Link. Boyce aims to enhance awareness and understanding of PetVivo's veterinary medical device, Spryng with OsteoCushion Technology.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
Tags
none
-
Rhea-AI Summary
PetVivo Holdings, Inc. will be a Silver Sponsor at the IVAPM Pain Management Forum to exhibit its lead product, Spryng™ with OsteoCushion™ Technology. The clinical studies on Spryng show significant improvements in dogs with joint diseases, making it a promising veterinary medical device for osteoarthritis management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7%
Tags
none
-
Rhea-AI Summary
PetVivo Holdings, Inc. will showcase its innovative veterinary medical device, Spryng, with OsteoCushion Technology at the ACVSMR Symposium. Spryng aims to manage joint pain in pets by promoting proper joint mechanics. CEO John Lai expresses excitement for the opportunity to present Spryng at the event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
none
Rhea-AI Summary
PetVivo Holdings, Inc. announces its participation in the ACVSMR Symposium to showcase its lead product, SPRYNG™ with OsteoCushion™ Technology, aimed at managing joint pain in pets. The event will be held from April 11th to April 13th, 2024, in Naples, Florida.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
none
-
Rhea-AI Summary
PetVivo Holdings, Inc. appoints Garry Lowenthal as the new Chief Financial Officer, bringing over 25 years of extensive experience in finance management and operations. Mr. Lowenthal's background includes leading equity capital raising transactions for private and public companies, serving on the national board of Financial Executives International, and working for top CPA/Consulting firms like PricewaterhouseCoopers and Deloitte.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
Tags
none
-
Rhea-AI Summary
PetVivo Holdings, Inc. dual lists on Upstream's global securities trading app, providing digital-first investors worldwide with streamlined access to PETV shares. The company's free NFT commemorating the listing is available for all Upstream participants. Non-U.S. investors can deposit or trade PETV securities on Upstream, with trading starting after the first offer is placed. The market operates 5 days a week, 20 hours a day, offering real-time trading and settlement with transparent orderbooks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.01%
Tags
none
Rhea-AI Summary
PetVivo Holdings, Inc. announced the successful completion of the first cohort of dogs in a clinical study focusing on the benefits of an intra-articular injection of collagen-elastin hydrogel microparticles for dogs with osteoarthritis. The study showed promising results with significant improvements in CBPI scores, hip extension, visual lameness scores, and quality of life assessments. Spryng™ with OsteoCushion™ Technology appears to be a viable option for managing coxofemoral joint osteoarthritis in companion animals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.65%
Tags

FAQ

What is PetVivo Holdings Inc's focus?

PetVivo Holdings Inc focuses on licensing and commercializing innovative medical devices for pets, known as pet therapeutics.

How does PetVivo leverage investments in other industries?

PetVivo leverages investments in the human biomaterials and medical device industries to efficiently bring therapeutics to pets.

What is PetVivo's strategy regarding proprietary products?

PetVivo in-licenses proprietary products from human medical device companies specifically for use in pets.

What are the wholly-owned subsidiaries of PetVivo Holdings Inc?

PetVivo Holdings Inc's wholly-owned subsidiaries include PetVivo, Inc., Gel-Del Technologies, Inc., and CosmetaLife Corporation.

What is the goal of PetVivo Holdings Inc?

The goal of PetVivo Holdings Inc is to commercialize therapeutics for pets in a capital and time-efficient manner.

What industry does PetVivo Holdings Inc operate in?

PetVivo Holdings Inc operates in the biomedical device industry with a focus on pet therapeutics.

How does PetVivo Holdings Inc differentiate itself in the market?

PetVivo Holdings Inc differentiates itself by focusing on innovative medical devices for pets and leveraging investments in related industries.

Where is PetVivo Holdings Inc headquartered?

PetVivo Holdings Inc is headquartered in the United States.

What is the relationship between PetVivo Holdings Inc and Gel-Del Technologies, Inc?

Gel-Del Technologies, Inc is a wholly-owned subsidiary of PetVivo Holdings Inc.

What is the significance of CosmetaLife Corporation to PetVivo Holdings Inc?

CosmetaLife Corporation is a wholly-owned subsidiary of PetVivo Holdings Inc, playing a role in the company's operations.

PetVivo Holdings, Inc.

OTC:PETV

PETV Rankings

PETV Stock Data

9.69M
12.67M
44.9%
4.93%
0.77%
Surgical and Medical Instrument Manufacturing
Manufacturing
Link
United States of America
Minneapolis