Tom Keighley

Wetherby veterinary products manufacturer raises £4.7m

Wetherby-based veterinary and medical equipment suppliers Avacta say revenues for this year are on target and recent fund raising has been successful.

The producers of human animal healthcare products raised £4.7m through the placing of new ordinary shares earlier this month.

Revenues for the year ended July 31 were on target to meet £2.7m, the business said in a trading update.

Avacta specialise in diagnostic equipment and consumables for the healthcare market.

The Group’s new Sensipod product, a tool for conducting lab quality tests within vet practices, is currently in production and is due to be shipped this September.

The firm have also devised a new canine allergy test which screens for allergies in dogs.

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