Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: VIV; VIVXF

Agreement Sets Stage to Secure Chinese Approval of Non-Antibiotic Livestock Feed Supplement
News Update

Share on Stocktwits

Source:

The requirements include, among others, trials of the company's livestock feed additive.

Avivagen Inc. (VIV:TSX.V; CHEXF:OTCMKTS) announced in a news release it engaged COFCO Biotechnology Co.'s research subsidiary (COFCO) to assist with the approval process to sell OxC-beta Livestock in China for use with broiler chickens.

COFCO Biotechnology will assist Avivagen with all of the approval process components, including protocol design for the required trials of OxC-beta Livestock, an antibiotics-free feed additive.

COFCO supplies agri-products to the Chinese market and generated more than $17.5 billion from sales in 2018. "COFCO has highly respected leadership in the regulatory process," Avivagen CEO Kym Anthony said in the release.

"We are confident that we will obtain the necessary approvals to offer OxC-beta Livestock in China, creating a considerable sales opportunity in this massive market."

China is the world's largest feed market. Currently, the government there intends to prohibit the inclusion of any antibiotics in livestock feed by July 2020, according to COFCO.

"With the majority of Asia moving to ban all in-feed antibiotics as growth promoters in livestock, we are positioned strongly to capitalize on the region's growing desire for safer and more effective alternatives," added Anthony.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following company mentioned in this article is a billboard sponsor of Streetwise Reports: Avivagen. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Avivagen, a company mentioned in this article.





Want to read more about Nutraceuticals investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe