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United States

Profile: Heska Corp (HSKA.OQ)

HSKA.OQ on NASDAQ Stock Exchange Capital Market

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5 Dec 2016
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Heska Corporation, incorporated on March 27, 1997, develops, manufactures, markets, sells and supports veterinary products. The Company is focused on the canine and feline companion animal health markets. The Company operates in two segments, which include Core Companion Animal Health (CCA) and Other Vaccines, Pharmaceuticals and Products (OVP). The CCA segment includes, primarily for canine and feline use, blood testing instruments and supplies, digital imaging products, software and services, and single use products and services, such as heartworm diagnostic tests, heartworm preventive products, allergy immunotherapy products and allergy testing. The OVP segment includes private label vaccine and pharmaceutical production, primarily for cattle but also for other animals, including small mammals. It sells veterinary diagnostic and other specialty veterinary products. Its offerings include blood testing instruments and supplies, digital imaging products, software and services, and single use products and services, such as in-clinic heartworm diagnostic tests, heartworm preventive products, allergy immunotherapy products and allergy testing.

Core Companion Animal Health Segment

The Company offers a line of veterinary diagnostic and other instruments. It also markets and sells consumable supplies for these instruments. The Company offers products, such as Veterinary Blood Testing and Other Non-Imaging Instruments, Veterinary Imaging Instruments and Services, Point-of-Care Heartworm Diagnostic Tests, Heartworm Preventive Products and Allergy Products and Services. Its veterinary blood testing and other non-imaging instruments include Blood Chemistry products, including the Element DC Veterinary Chemistry Analyzer (the Element DC) and DRI-CHEM 7000 Veterinary Chemistry Analyzer (DRI-CHEM 7000); Hematology products, including the Element HT 5 Hematology Analyzer (the HT5) and the HEMATRUE Veterinary Hematology Analyzer (the HEMATRUE); Blood Gases and Electrolytes products, including the Element POC Blood Gas & Electrolyte Analyzer (EPOC); immunodiagnostics, including the Element i Immunodiagnostic Analyzer (Element i), and IV Pumps, such as VET/IV 2.2 infusion pump.

The Company's veterinary imaging instruments and services include digital radiography solutions and ultrasound systems. The digital radiography solutions are marketed and sold under the Cuattro brand name. The Company sells hardware, including digital radiography detectors, acquisition workstation equipment, positioning aides, such as tunnels and tables, viewing computers and other accessories along with embedded software and support, data hosting and other services. CloudDR solutions combine flat panel digital radiography acquisition with Web-based image storage. Cloudbank is an automatic, secure, Web-based image storage solution designed to interface with the software it sells. ViewCloud is a Picture Archival and Communications System (PACS) for Cloudbank for Web or local viewing, reporting, planning and e-mail sharing of studies on Internet devices, including personal computers, tablet devices and smartphones. SupportCloud is a support package, including call center voice and remote diagnostics, recovery and other services, such as the provision of warranty-related loaner units, to support CloudDR, Cloudbank and ViewCloud.

The Company sells mobile digital radiography products, primarily for equine use. The Uno 6 is an integrated, portable digital radiography generator with an embedded touchscreen digital radiography acquisition computer. The Slate 6 is a mobile digital radiography acquisition console with a direct sunlight readable display, including multi-touch software. Slate 6 and Uno 6 links to Digital Imaging and Communication in Medicine (DICOM) servers of all types, as well as Cloudbank. The ultrasound products, including affiliated probes and peripherals, are provided to it under an agreement with Esaote USA (Esaote). It sells various ultrasound products with various features and corresponding price points, under the Esaote brand name. These offerings include the MyLab family of systems and probes, for use in abdominal, cardiac and small parts applications in companion animal and equine patients, as well as other species. The ultrasound products it sells generally integrate with its Cloudbank and ViewCloud offerings for image storing and viewing.

The Company markets and sells heartworm diagnostic tests for both dogs and cats. SOLO STEP CH for dogs and SOLO STEP FH for cats are available in point-of-care, single use formats that can be used by veterinarians on site. The Company also offers SOLO STEP CH Batch Test Strips, a rapid and simple point-of-care antigen detection test for dogs that allows veterinarians to run multiple samples at the same time. The Company's heartworm preventive products include the TRI-HEART Plus Chewable Tablets (ivermectin/pyrantel), which are indicated for use as a monthly preventive treatment of canine heartworm infection, and for treatment and control of ascarid and hookworm infections. The Company manufactures TRI-HEART Plus Chewable Tablets at its Des Moines, Iowa production facility. Its allergy products include the ALLERCEPT Therapy Shots and ALLERCEPT Therapy Drops. It operates veterinary laboratories in Loveland, Colorado and Fribourg, Switzerland, both of which offer blood testing using its ALLERCEPT Definitive Allergen Panels.

Other Vaccines Pharmaceuticals and Products Segment

The Company manufactures biological and pharmaceutical products for various other animal health companies. The Company manufactures products for animals other than cattle, including horses and small mammals. Its offerings range from providing complete turnkey services, which include research, licensing, production, labeling and packaging of products to providing any one of these services as needed by its customers, as well as validation support and distribution services. The Company developed a line of bovine vaccines that are licensed by the United States Department of Agriculture (USDA).

The Company competes with IDEXX Laboratories, Inc., Abaxis, Inc. and Zoetis Inc.

Company Address

Heska Corp

3760 Rocky Mountain Ave
LOVELAND   CO   80538-7084
P: +1970.4937272
F: +1970.6193003

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