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TICKERS: VIV

Use of Antibiotics Replacement for Livestock Feeds Expands in Asia
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Source:

The developer received an initial order from Taiwan for the product.

Avivagen Inc. (VIV:TSX.V) announced in a news release the first order from Taiwan came in for its OxC-beta Livestock.

More Standing Enterprise Co., a manufacturer of animal nutrition products, bought 200 kilograms of Avivagen's proprietary product for use in poultry and sow feeds. OxC-beta Livestock is shown to be an effective, economic replacement for antibiotics in livestock feeds.

"Today's new order is further evidence that feed producers around the world are recognizing the substantial benefit that OxC-beta Livestock provides in improving the health and performance of multiple food-producing animal species and allowing the phasing out of nonmedicinal use of antibiotics," Avivagen CEO Kym Anthony said in the release.

Taiwan represents a new, robust growth market for Avivagen's OxC-beta Livestock in that it produces about 3.25 million tons of sow feed and nearly 3.5 million tons of poultry feed each year.

"Beyond Taiwan, use of OxC-beta Livestock has been ramping up steadily in the Philippines and Thailand, and Avivagen believes that the scale-up of OxC-beta Livestock use in Taiwan will mirror that of other markets in the region," the release noted.

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