3 Jul 2011

Trans-Tasman collaboration on stock medicines

7:00 am on 3 July 2011

A New Zealand animal health company is collaborating with an Australian-based firm to develop and market new medicines for farmed animals.

Paraco Technology, whose parent company is the Crown research institute AgResearch, says the agreement with Ceridia will enhance its work on creating drugs that will better control and manage animal diseases caused by parasites.

Paraco acting chief executive Ian Boddy says Ceridia has unique technology that will advance animal health medicines being developed by Paraco.

Dr Boddy says the company will initially look at developing products for ruminants, with pigs and domestic pets to follow.