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PetVivo Holdings develops and commercializes veterinary medical devices and biomedical therapeutics for companion animals and equines through PetVivo Animal Health and PetVivo AI. Its recurring company updates center on Spryng with OsteoCushion Technology, a veterinarian-administered intra-articular injection for joint-related conditions including lameness and osteoarthritis, and PrecisePRP, an off-the-shelf platelet-rich plasma product for veterinary use.
News also covers regulatory acknowledgements, product availability, licensing and commercialization activity, PetVivo.ai and AgenticPet AI technology, fiscal results, conference presentations, and capital-market communications. The company describes a strategy of applying human therapies to animal health and protects its biomaterials, products, production processes and methods of use through patents and trade secrets.
PetVivo Holdings, Inc. (OTCQB: PETV) has appointed Dr. Kirsty Husby as senior technical services veterinarian to support the growing adoption of its flagship product, Spryng with OsteoCushion™ Technology. Dr. Husby, a board-certified veterinary surgeon with over a decade of experience, will help create broader understanding among veterinarians about Spryng's benefits in treating osteoarthritis in companion animals.
PetVivo recently achieved a significant milestone with Spryng being used by more than 800 veterinary clinics across 50 states, resulting in the distribution of over 10,000 Spryng syringes nationwide. This success has positioned the company to potentially double its revenue in the current fiscal year. Dr. Husby's appointment aims to further accelerate market adoption and improve the quality of life for animals living with osteoarthritis and other lameness issues.
PetVivo Holdings, Inc. (OTCQB: PETV & PETVW), a biomedical device company focusing on innovative medical devices for companion animals, has appointed Scot Cave as its new Field Veterinary Business Development Manager for the Northwest Region of the United States. Cave brings over 25 years of animal health sales and management experience to PetVivo, including leadership roles in the U.S. Army and positions with veterinary companies like Covetrus, Medivet, KindredBio, and Merck.
CEO John Lai expressed confidence that Cave's expertise will help PetVivo meet its primary objective of expanding sales. Cave, who holds a Bachelor of Science in Biology from Ferris State University, is enthusiastic about promoting Spryng, PetVivo's veterinary medical device that addresses joint-related afflictions by targeting cartilage loss or damage rather than just treating symptoms.
PetVivo Holdings, Inc. (OTCQB: PETV, PETVW) has partnered with Orthobiologic Innovations (OBI) to advance clinical trials, product development, and marketing of Spryng™ with OsteoCushion™ Technology, their lead animal osteoarthritis medical device. Sherman O. Canapp, Jr. and Debra Canapp, OBI's leadership, have joined PetVivo's advisory board, bringing extensive experience in veterinary orthopedics and sports medicine.
OBI will assist PetVivo in coordinating clinical trials for Spryng, focusing on joint-related issues in canine patients' elbows and stifles (knees). These studies will evaluate the effectiveness of intra-articular injections of collagen-elastin hydrogel microparticles (CEHM) in dogs with osteoarthritis and those undergoing TPLO procedures. This collaboration aims to enhance product awareness and accelerate market adoption of Spryng across the United States.
PetVivo Holdings, Inc. (OTCB: PETV & PETVW), a biomedical device company focused on innovative medical devices for companion animals, has announced the appointment of Anthony Germinaro as its new Field Veterinary Business Development Manager for the Southwest Region of the United States. Germinaro brings over 14 years of experience in the animal health industry, including roles as a lead ultrasound technician and practice manager.
CEO John Lai expressed enthusiasm about Germinaro's addition to the team, highlighting his valuable in-clinic experience and potential to advance awareness of PetVivo's product Spryng™ with OsteoCushion™ technology. Germinaro's background includes work with notable entities such as Dr. Fossum's Pet Care, Anivive Life Sciences, and Banfield Pet Hospital.
PetVivo Holdings, Inc. (OTCQB: PETV) reported fiscal Q1 2025 results, reiterating guidance of 50% to 100% revenue growth for fiscal 2025. Key highlights:
- Revenues increased 6% to $124,000
- Gross profit up 6% to $111,000, maintaining 89.5% margin
- Net loss improved to $2.0 million or $(0.11) per share
- Distributor sales up 102% to $68,000
- Spryng™ used in over 800 veterinary clinics across 50 states
- Appointed new VPs of marketing and sales
The company expects fiscal 2025 revenue of $1.5 million to $2.0 million, representing 50% to 100% growth. PetVivo's focus remains on expanding Spryng™ adoption and distribution network.
PetVivo Holdings, Inc. (OTCQB: PETV & PETVW), a biomedical device company focused on innovative medical devices for companion animals, has appointed Eric Samples as its new Field Veterinary Business Development Manager for Ohio, Pennsylvania, and the Baltimore/DC area. Eric brings over 25 years of human and animal health sales experience to PetVivo, including roles at Covetrus, Sanofi Pharmaceuticals, and Fort Dodge Animal Health.
CEO John Lai expressed excitement about Eric's addition to the team, highlighting his valuable experience in advancing awareness of PetVivo's product Spryng™ with OsteoCushion™ technology. Eric, who holds a degree in Dairy and Animal Science from Penn State University, stated his enthusiasm for joining PetVivo and believes Spryng has the potential to improve medical outcomes for animals suffering from lameness and joint-related afflictions.
PetVivo Holdings, Inc. (OTCQB: PETV, PETVW), a leading biomedical company specializing in innovative therapeutic medical devices for equines and companion animals, has announced its upcoming fiscal first quarter 2025 conference call. The call is scheduled for Wednesday, August 14, 2024, at 5:00 p.m. Eastern time. PetVivo management will host the presentation, which will be followed by a question-and-answer session.
Financial results for the quarter ended June 30, 2024, will be released in a press release prior to the call. Interested parties can join the call via a toll-free dial-in number or access the live webcast through the company's website. A replay of the webcast will be available after the conference call.
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.
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.
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.