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ARATANA THERAPEUTICS, INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2019 10-Q, filed May 9, 2019. Its latest SEC filing is a SC 13G from Jul 29, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Develops and sells medicines for dogs and cats, including treatments for post-operative pain, appetite loss and osteoarthritis, to companion-animal veterinarians.

How Did They Make Money?

Veterinarians, clinics, animal hospitals and distributors pay for NOCITA and ENTYCE products. Elanco pays Aratana royalties on GALLIPRANT sales and milestone payments when specified sales or regulatory milestones are reached.

FY2018 revenue

Who Were Their Customers?

Companion-animal veterinarians, clinics and animal hospitals buy products directly, while distributors also purchase products for resale. Elanco commercializes GALLIPRANT and pays related royalties and milestones.

Customers above 10% of revenue, FY2018
of revenue from one customer
FY2017: 23% from one customer

Did Revenues Turn Into Profits?

No. It lost $14.7M in FY2018.

Operating income, FY2018
−34% of revenue
▼ −73% (Loss) vs FY2017 (−$44.5M, −174%)
Net income, FY2018
−42% of revenue
▼ −69% (Loss) vs FY2017 (−$47.5M, −186%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q1 FY2019, the three months to Mar 31, 2019
Revenue
▲ +82%
vs $4M in Q1 FY2018
Net income
▼ −21% (Loss)
vs −$8.5M in Q1 FY2018
  • Jul 18, 2019 Elanco completed its merger with Aratana Aratana became a wholly owned subsidiary of Elanco, and its stock was slated for delisting.
  • Apr 26, 2019 Aratana agreed to merge with Elanco Aratana stockholders were to receive Elanco shares and a contingent value right tied to capromorelin sales.

Grew. Revenue grew 46.2x in 4 years, from $767K in FY2014 to $35.4M in FY2018, about 161% a year.

Who Did They Compete With?

Competes with Zoetis, Merck Animal Health, Elanco, Bayer Animal Health, Boehringer Ingelheim Animal Health, Virbac Group, Ceva Animal Health, Vetoquinol, Dechra Pharmaceuticals, Kindred Biosciences, Zomedica Pharmaceuticals, VetDC, Skyline Vet Pharma, and Anivive

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