Agriculture

Avivagen Announces Largest Order To-Date for OxC-beta™ Livestock – $VIV

Avivagen Inc., (TSXV:VIV) is pleased to announce that its partner in the Philippines, UNAHCO, has purchased its single largest order of OxC-beta™ Livestock. The order, which is for 2 metric tonnes (2,000kg) of OxC-beta™ Livestock, represents UNAHCO’s single largest purchase to date, and follows an order of 1.2 tonnes delivered to UNAHCO in April, 2018.

UNAHCO continues to see increased adoption and acceptance of Avivagen’s OxC-beta™ Livestock product and this new, significant purchase is a validation from UNAHCO’s customers of the positive results from the adoption of OxC-beta™ Livestock. UNAHCO continues to reaffirm its intention of making quarterly purchases of OxC-beta™ Livestock, resulting in a growing and recurring revenue stream for Avivagen.

OxC-beta™ Livestock is a proprietary product shown to be effective and economic in replacing the antibiotics commonly added to livestock feeds.  OxC-beta™ Livestock is currently registered and available for sale in the Philippines, Taiwan, Thailand and more recently New Zealand. Avivagen intends to accelerate market access and the commercial uptake of its OxC-beta™ Livestock product, a product that has the potential to eliminate the use of antibiotics as growth promoters in livestock feed, which is a problem that needs an urgent solution and which represents a multi-billion dollar market opportunity.

UNAHCO is the exclusive distributor for Avivagen’s OxC-beta™ Livestock in the Philippines, where it is now registered for use in all food animal species. The Philippines is an important feed market, with annual production of feed estimated at 13 million metric tons per year. The most important commercial livestock species in the Philippines are swine, with production of approximately 2.1 million metric tons per year, and broiler poultry, with production of approximately 1.7 million metric tons per year. Compared to Canada, the Philippines produces about the same amount of pork and 1.5 times as much broiler chicken.

UNAHCO is the wholly-owned feed and veterinary subsidiary of Unilab Inc., the biggest pharmaceutical company in the Philippines. UNAHCO provides a broad range of animal healthcare and nutrition products and programs to meet the requirements of both commercial and individual farmers in the Philippines as well as abroad. It is a leading producer of pig and poultry feed and has a distribution network that serves more than 3,000 outlets, supported by more than 100 field personnel.

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