In a news release, Avivagen Inc. (VIV:TSX.V; VIVXF:OTCQB), which develops and commercializes immune-system improving products for livestock, companion animal and human applications, announced "it has received approval from the Ministry of Agriculture-Feed Additives Division for the immediate use of OxC-beta™ Livestock in poultry, swine and cattle (beef and dairy) in Brazil."
The firm advised that after gaining regulatory approval, it entered into a distribution agreement with a São Paulo import/export company, Look Chemicals Importacao E Exportacao LTDA, for use of OxC-betaTM Livestock in poultry and swine.
The company's CEO Kym Anthony commented, "We are very excited to secure approval for the use of OxC-beta™ Livestock in Brazil, one of the world's largest livestock feed markets and an important exporter to many key regions worldwide...With a local distribution agreement already in place with well-regarded Look Chemicals we expect to see quick adoption of OxC-betaTM Livestock in the South American market, with Brazil becoming an important part of Avivagen's continued growth worldwide."
The firm explained that Brazil is the world's third largest livestock feed production market and a key exporter to regions including Europe that have enacted regulations banning the use of antibiotics in livestock feed. The company indicated that OxC-beta™ Livestock is now approved for use in nine markets worldwide including Australia, Brazil, Malaysia, Mexico, New Zealand, the Philippines, Taiwan, Thailand and the U.S.
Avivagen develops and commercializes products for livestock, companion animal and human applications. The company stated its OxC-beta™ technology is derived from its discoveries surrounding β-carotene and other carotenoids, which it advised are the compounds that cause many fruits and vegetables to exhibit bright colors.
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