Avivagen Inc. (TSXV:VIV) (“Avivagen”) is pleased to announce
that it has secured its first order for the use of OxC-beta™
Livestock in Malaysia. The 100-kilogram order quickly follows the
recent approval of OxC-beta™ Livestock for use in feed for broilers
and swine in the country.
“We are very pleased to announce our first order for OxC-betaTM
Livestock with TLC Veterinary Services, our distribution partner in
Malaysia,” says Kym Anthony, Chief Executive Officer. “As is
evident by our experience in the Philippines, we are confident that
this initial order will lead to greater demand in Malaysia and
expanded use of OxC-betaTM Livestock over time.”
The Malaysian government has stated its intention to move to
antibiotic-free chicken production in 2020, representing a new
opportunity for growth for Avivagen. In conjunction with this first
order in Malaysia, Avivagen has separately secured an additional
follow-up order for OxC-betaTM Livestock from its distribution
partner in Thailand.
With an estimated total annual feed production of 4.8 million
metric tonnes in 2019, the Malaysian market is dominated by feed
for poultry broilers and layersi. This demand has been driven by
the growing popularity of chicken-based fast food restaurants in
the region, including Kentucky Fried Chicken (KFC), Nando’s, The
Chicken Rice Shop, Kenny Rogers Roasters, and Ayamas.ii TLC
Veterinary Services is the principal supplier to farms that supply
KFC, the leading fast food chain in Malaysia with over 600
restaurants.iii
About Avivagen
Avivagen is a life sciences corporation focused on developing
and commercializing products for livestock, companion animal and
human applications that, by safely supporting immune function,
promote general health and performance. It is a public corporation
traded on the TSX Venture Exchange under the symbol VIV and is
headquartered in Ottawa, Canada, based in partnership facilities of
the National Research Council of Canada and Charlottetown, Prince
Edward Island. For more information, visit www.avivagen.com. The
contents of the website are expressly not incorporated by reference
in this press release.
About OxC-beta™ Technology and OxC-beta™ Livestock
Avivagen’s OxC-beta™ technology is derived from Avivagen
discoveries about carotenoids, compounds that give certain fruits
and vegetables their bright colours, and is a non-antibiotic means
of maintaining optimal health and growth. OxC-beta™ Livestock is a
proprietary product shown to be effective and economic as an
alternative to the antibiotics commonly added to livestock feeds.
OxC-beta™ Livestock is currently available for sale in the
Philippines, Taiwan, Thailand, New Zealand, Mexico, Australia,
Malaysia and the U.S.
Avivagen’s OxC-beta™ Livestock product is safe, effective and
could fulfill the global mandate to remove all in-feed antibiotics
as growth promoters. Numerous international livestock trials with
poultry and swine using OxC-beta™ Livestock have proven that the
product performs as well as, and, sometimes, in some aspects,
better than in-feed antibiotics
Forward Looking Statements
This news release includes certain forward-looking statements
that are based upon the current expectations of management.
Forward-looking statements involve risks and uncertainties
associated with the business of Avivagen Inc. and the environment
in which the business operates. Any statements contained herein
that are not statements of historical facts may be deemed to be
forward-looking, including those identified by the expressions
“aim”, “anticipate”, “appear”, “believe”, “consider”, “could”,
“estimate”, “expect”, “if”, “intend”, “goal”, “hope”, “likely”,
“may”, “plan”, “possibly”, “potentially”, “pursue”, “seem”,
“should”, “whether”, “will”, “would” and similar expressions.
Statements set out in this news release relating to the
distribution agreement in Malaysia, the potential for this order to
lead to greater demand in Malaysia and expanded use of OxC-beta™
Livestock over time, the possibility for OxC-beta™ Livestock to
replace antibiotics in livestock feeds as well as fill a critical
need for health support in certain livestock applications where
antibiotics are precluded and the size of market opportunities are
all forward-looking statements. These forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current
expectations. For instance, Avivagen’s distribution partner in
Malaysia is under no obligation to purchase the product from
Avivagen, Avivagen’s products may not gain acceptance in Malaysia
or allow Avivagen to take advantage of the Malaysian government’s
policy initiatives, Avivagen’s products may not be widely accepted
as a replacement for antibiotics in livestock feeds, and the market
opportunities may not be as large as Avivagen anticipates due to
many factors, many of which are outside of Avivagen’s control.
Except as required by law, Avivagen assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements.
Information as to market size if various jurisdictions is
sourced by Avivagen from third parties. While Avivagen believes
such third-party sources to be reliable, it has not independently
verified such information and readers should not place undue weight
on such information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Copyright © 2019 Avivagen Inc. OxC-beta™ is a trademark of
Avivagen Inc.
_______________________ i 2019 Alltech Global Feed Survey ii
US-Gain report: Malaysia Grain and Animal Feed-2018 GAIN Report #
MY8002 iii https://kfc.com.my
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191212005361/en/
For more information: Avivagen Inc. Drew Basek Director
of Investor Relations 100 Sussex Drive, Ottawa, Ontario, Canada K1A
0R6 Phone: 416-540-0733 E-mail: d.basek@avivagen.com
Kym Anthony CEO 100 Sussex Drive, Ottawa, Ontario, Canada K1A
0R6 Head Office Phone: 613-949-8164 Website: www.avivagen.com
Avivagen (TSXV:VIV)
Historical Stock Chart
Von Jan 2025 bis Feb 2025
Avivagen (TSXV:VIV)
Historical Stock Chart
Von Feb 2024 bis Feb 2025