Agri-Nutrition Group Signs Distribution and Marketing Agreement With BIORA AB.MARYLAND HEIGHTS, Mo.--(BUSINESS WIRE)--Dec. 10, 1998-- Agri-Nutrition Group Limited (Nasdaq/NM:AGNU AGNU Asociación Guatemalteca pro Naciones Unidas (Spanish) AGNU Association Guinéenne pour les Nations Unies ) today announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , St. JON Laboratories, has entered into an exclusive Distribution and Marketing Agreement with BIORA AB. Under the terms of the agreement, St. JON was granted the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and U.K. rights to market and distribute a proprietary biology-based product for the treatment of periodontal disease Periodontal Disease Definition Periodontal diseases are a group of diseases that affect the tissues that support and anchor the teeth. Left untreated, periodontal disease results in the destruction of the gums, alveolar bone (the part of the jaws where in the animal health market. "This new technology is a major advancement in the treatment of periodontal disease which affects 85% of all pets over four years old," said Dr. Stephen Lotz, director of veterinary services for St. JON Laboratories. "We look forward to introducing this product in early 1999 to veterinarians Veterinarians and veterinary surgeons (vets) are medical professionals who operate exclusively on animals. Well-known and notable veterinarians include:
n. The part of the mouth behind the teeth and gums that is bounded above by the hard and soft palates and below by the tongue and the mucous membrane connecting it with the inner part of the mandible. ." The agreement includes the marketing and distribution rights for the product EMDOVET (TM). Patented and produced by BIORA AB, a Swedish biotechnology company, EMDOVET is a biology- based product currently sold in the human market as EMDOGAIN (R), composed of enamel matrix proteins, that predictably initiates the regrowth Re`growth´ n. 1. The act of regrowing; a second or new growth. The regrowth of limbs which had been cut off. - A. B. Buckley. of tooth-supporting tissues lost to periodontal disease. Bruce G. Baker, president and chief executive officer of Agri- Nutrition Group Limited, said, "This agreement demonstrates our commitment to license or acquire additional products which strengthen our core business in the animal health care market. EMDOVET is an important product since it further strengthens our position as the world's leader in dental care for companion animals." BIORA AB (Nasdaq:BIORY) is a Swedish-based biotechnology company that develops, manufactures, markets and sells products for the treatment of periodontal disease and for use in oral surgery. Using its proprietary technology and expertise, BIORA aims to become a world leader in biology-based products for specialized dental therapy. The Company's principal product, EMDOGAIN, is marketed in 20 countries. Agri-Nutrition Group Limited is a world leader in pet oral hygiene Oral Hygiene Definition Oral hygiene is the practice of keeping the mouth clean and healthy by brushing and flossing to prevent tooth decay and gum disease. and dental care and produces, markets and distributes the St. JON, Mardel and Zema lines of health, grooming, and nutritional products for the pet industry through its Pet Health Care Division as well as pet, animal health and chemical specialty products through its PM Resources private label/contract manufacturing division. Agri-Nutrition recently announced that it has signed a definitive agreement to merge with Virbac, Inc., a subsidiary of the French public animal health company Virbac, S.A. (Second Marche/SICOVAM:3157), creating a companion animal health company with combined 1998 U.S. sales of approximately $50 million. The new company will be renamed Virbac Corporation. |
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