Mainebiz

V O L . X X I X N O. X X I S E P T E M B E R 1 8 , 2 0 2 3 16 H E A LT H C A R E / W E L L N E S S worldwide. Products include single- use test kits for in-office use and in- hospital analyzers highlighted in an Aug. 1 research note by Morningstar senior equity analyst Debbie Wang, who also mentions the firm's strong position in off-site lab testing. "Its focus on developing and broad- ening its menu of tests makes IDEXX more of a one-stop shop for animal hos- pitals," she says. "IDEXX is uniquely able to cross-sell many products and services, and it has developed a strong sales orga- nization to provide tailored solutions. e company raised its full-year financial guidance last month on the heels of second-quarter results that beat expectations. e stock had a market value of $40.5 billion on Sept. 8, with shares trading 37.5% higher over a year ago. Wang notes in her report that while the 2% decline in second-quarter visits per practice was larger than expected, veterinarians' continued reliance on diagnostic tests suggest that most pet owners are willing to shoulder increased health care costs. She also observes that IDEXX's ability to sniff out opportu- nities crosses over to its other business areas, including water testing. IDEXX has developed one test, for example, that can detect two of the most common bacterial contaminants and is easier and faster to use than traditional methods. "We like the innovation IDEXX has demonstrated," Wang says in her report, "and we expect there is more to come." ImmuCell's First Defense ImmuCell (Nasdaq: ICCC) is a publicly traded company with early '80s roots. e Portland-based biotech firm makes health products for dairy and beef cattle. There's a reason why we have a 96% Large Group renewal rate. Actually, three reasons (and many more): • A 13-point Partner Promise is our commitment to you • A variety of plans to choose from, including National PPOs, New England PPOs, and new HMO tiered networks • Customized cost sharing for plans of 100+ enrolled employees Ready for a quote? Contact your trusted broker or our Business Development team at (207) 402-3353. With us, Large Group businesses stress less and thrive more. » C O N T I N U E D F RO M P R E V I O U S PA G E F O C U S P H O T O / C O U R T E S Y O F E L L E V E T S C I E N C E S Our goal is to reach as many people and pets as we can, so we can help any pet who needs safe and effective relief. — Amanda Howland ElleVet Sciences Amanda Howland, co-founder of ElleVet Sciences

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