Pet Industry News

Trupanion has embedded its claims and payment tools directly into Digitail's veterinary practice-management platform, letting hospital staff file claims and clear payouts without leaving their software. The integration targets checkout friction as a driver of pet insurance's persistently low penetration, and raises the stakes for how insurers and practice-software vendors compete for embedded distribution.

IDEXX reported Q2 2026 revenue up 10% to $1.217 billion and raised full-year guidance for the second consecutive quarter, even as organic growth decelerated from 11% in Q1 to 9%. CAG Diagnostics recurring revenue remains the steadiest growth line, with menu expansion doing more work than instrument placement.

OXO, owned by Helen of Troy, launched its first pet care collection on August 3rd, marking the housewares brand's first move into a new category since baby gear in 2009. Neither company disclosed pricing or sales targets for the launch.

Petco added Jeffrey Naylor, a former TJX chief financial officer with no ties to the private equity firms that control its board, as Audit Committee Chair effective August 1st. The appointment lands while Petco works through a $1.5 billion debt refinancing and trades near its lowest price since its 2021 IPO.

American Regent Animal Health recalled two lots each of Adequan Canine and Adequan i.m. after finding glass fiber material during internal testing. It's the only FDA-approved disease-modifying joint drug for dogs, and the second glass-contamination recall from the manufacturer's network in seven days.

The FTC has begun issuing civil investigative demands in its review of the proposed $3.5 billion Covetrus-MWI Animal Health merger. The deal would cut major national veterinary distributors from three to two, a concentration shift that touches pricing and supply reliability for nearly every US veterinary practice.