Creso Pharma makes inroads in veterinary market

By Trevor Hoey. Published at Jan 21, 2020, in Biotech

Creso Pharma Limited (ASX:CPH, FRA:1X8) is pleased to announce that an estimated 100,000 dogs have benefited from the company’s anibidiol® hemp oil complementary feed range of products.

This milestone corresponds to over 3 million sachets doses of anibidiol® granules used as complementary feed.

Creso Pharma developed anibidiol® and patented its granulated delivery system.

It is produced in Switzerland and is commercialised in collaboration with Virbac S.A. (EPA:VIRP) in over 10 countries in Europe.

Global sales grew by approximately 700% in 2019.

This news comes on the back of other promising developments in the last month as management pointed to numerous share price catalysts in 2020.

With tangible developments likely to drive revenue growth in the near to medium-term it isn’t surprising that the company shares have increased by about 80% in the last month.

Today’s news is likely to provide further momentum for a company that is benefiting from its diversified business model that covers products for humans and animals, providing increasing opportunities as Creso Pharma establishes itself in multiple global markets.

Helps manage stress and pain

anibidiol® Regular and anibidiol® Plus are commercialised for small, medium-sized and large pets to support the reduction of stress and help the animals’ nervous systems to function well.

Pet owners report anibidiol® has also contributed to the management of pain and improved the vitality of their pets after one week of use in addition to normal feed.

anibidiol® Regular and anibidiol® Plus

Creso Pharma has successfully developed three additional hemp derived products to improve the wellbeing of pets which are slated for launch during 2020.

The company just launched together with Virbac Switzerland its new anibidiol® Oil 500 for pets as part of its life cycle management responding to strong demand from veterinarians and pet owners.

The product will first be marketed in Switzerland and be extended to further countries throughout the year.

Commenting on these developments and underlining the scope for distribution into new markets, Miri Halperin Wernli, Creso Pharma’s chief executive and co-founder said, “We are proud to see anibidiol® achieve this milestone, proving that pets and pet owners have an increasing appreciation of its benefits.

‘’This achievement is paving the way for launches into additional countries in other continents such as North America and Latin America, where we observe a growing need for natural complementary feed to help mitigate stress and improve the wellbeing of pets.

Creso Pharma hopes to continue leveraging the rising global trend of the ‘humanisation’ of pets, in which people treat their pets as best friends or family members.”

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X