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Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) has received regulatory approval for its oxidized carotenoid-based feed additive in Vietnam, a significant feed market in Southeast Asia. This approval allows Avivagen to tap into a market projected to grow from over 32 MMT in 2020 to more than 35 MMT in the coming years. The product is aimed at swine, poultry, and dairy sectors. Positive results from two research trials conducted in Vietnam underpin the product’s expected impact on health and productivity in livestock.
Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) shared a CEO update highlighting challenges faced in 2021 due to rising feed production costs and COVID-19, but anticipates recovery in 2022 as customer activities ramp up. The appointment of Jamie Nickerson as President aims to drive growth. Strategic partnerships have been formed, including a supply agreement with AB Vista, expanding market reach in the U.S., Brazil, and Thailand. Regulatory approvals are expected in Vietnam and China. Positive developments signal a potential increase in orders and market diversification.
Avivagen Inc. has appointed James Nickerson, PhD, as President, effective immediately. Nickerson, who has been with the company since 2007, previously served as Vice President of Business Development and Innovation. He has significantly contributed to the company's growth and the development of its OxC-beta™ product, which promotes health and performance in livestock and humans without antibiotics. CEO Kym Anthony expressed confidence in Nickerson's leadership for the company's future growth amid the declining effectiveness of antibiotics.
Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) announced a significant new purchase agreement with its largest customer in Asia for a 6.3 tonne order of OxC-beta™ Livestock, marking a 43% increase from the previous shipment. This growth indicates a positive market trend during the pandemic, suggesting robust demand for the company's products, which enhance feed intake and support immune function. Avivagen believes this order reflects its product's positive impact on customer profitability and anticipates further growth opportunities in Asia and globally.
Avivagen Inc. has established an exclusive distribution partnership with AB Vista for its OxC-beta™ product across the United States, Brazil, and Thailand, targeting poultry, swine, ruminants, and aquaculture sectors. The company will hold a webcast on October 6, 2021, at 10:30 a.m. EDT to discuss this agreement. OxC-beta™ technology is a non-antibiotic alternative that supports immune function and promotes livestock health. The product has shown efficacy comparable to traditional in-feed antibiotics in international trials.
Avivagen (TSXV:VIV, OTCQB:VIVXF) has announced a significant eight-year supply agreement with AB Vista, which will become the exclusive distributor of Avivagen's OxC-beta™ in major livestock markets including the U.S., Brazil, and Thailand. This partnership aims to enhance the adoption of OxC-beta™, a product designed to reduce antibiotic reliance in livestock feeds. AB Vista's technical expertise is expected to drive growth for Avivagen through future development efforts, particularly in aquaculture.
Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) provided an update on its Q3 product shipments following its recent financial results. A notable 4.4-tonne order of OxC-beta™ Livestock was shipped to the Philippines. However, a 3.5-tonne shipment is currently delayed with the Mexican distributor awaiting payment, and a 500 kg order was not shipped during the quarter. The company specializes in products that enhance immune function in livestock, promoting health without antibiotics.
Avivagen Inc. (OTCQB: VIVXF) reported strong Q3 2021 results, with 8 tonnes of OxC-beta™ orders secured or shipped, representing over 43% of its fiscal year. The company achieved sales of $505,886, compared to $612,530 in Q3 2020, resulting in a comprehensive loss of $(1,503,665). Total assets were reported at $4,865,220 against liabilities of $7,456,993. Significant orders included a 4.4-tonne deal with UNAHCO and progress towards regulatory approval in Vietnam and China. Financing efforts raised $7.5 million to fund growth initiatives.
Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) has announced strategic measures to enhance growth in Asia and Brazil. The company has hired Mr. Lesley Nernberg as a technical sales consultant to boost the adoption of OxC-betaTM Livestock in key Asian markets like Vietnam, Indonesia, and South Korea. Additionally, Avivagen terminated its distribution agreement with Look Chemicals in Brazil as it seeks new partners for market expansion. The OxC-betaTM technology serves as a non-antibiotic alternative to promote livestock health and growth.
Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) has received TSX Venture Exchange approval to extend the expiration date of 2,029,250 warrants, previously set to expire on June 30, 2021, now extended to January 28, 2022. The warrants allow purchase at $1.20 per share, with all other terms remaining unchanged. This extension follows Avivagen's prior announcement made on June 7, 2021. Avivagen specializes in developing non-antibiotic health products for livestock, supporting immune function and promoting growth.