You're looking at your regenerative medicine set, the PRP kits, the stem cell adjacents, the high-ticket joint therapies vets refer clients to buy from you, and deciding whether to expand it or pull back.
PetVivo Holdings just terminated its exclusive license with VetStem for the PrecisePRP product line, paid $75,000 to settle all obligations under the prior agreement, and is returning remaining inventory to VetStem. The company announced the termination and settlement agreement effective July 24, 2026.
What PetVivo actually just did
PetVivo and VetStem had an Exclusive License and Supply Agreement covering PrecisePRP, a platelet-rich plasma product line used in veterinary regenerative medicine. Under the settlement, that agreement is terminated. All financial obligations under the prior license, outstanding invoices, accrued royalties, milestone payments, other claims, are extinguished except for two scheduled cash payments totaling $75,000. The companies included mutual releases for substantially all claims arising under the prior agreement.
The settlement also includes an inventory reconciliation mechanism. If the transferred inventory falls short of agreed minimum quantities after verification, PetVivo may owe an additional payment. The remaining PrecisePRP inventory goes back to VetStem. A warrant VetStem holds to purchase 250,000 shares of PetVivo common stock stays in force under its existing terms.
PetVivo's CEO John Lai said the agreement "allows both companies to move forward independently" and lets PetVivo focus on its proprietary technologies, including SPRYNG with OsteoCushion Technology.
If you currently stock PrecisePRP
Call your rep and ask three things: whether existing inventory on your shelf is still supported under warranty, whether VetStem will continue the PrecisePRP line under its own distribution, and what happens to any vet referral arrangements you built around the product. The settlement says inventory is going back to VetStem, which suggests VetStem may relaunch it independently or retire it, you need to know which before a customer walks in with a vet's recommendation.
If you're holding significant inventory and the line is being retired, negotiate a return now while the settlement is fresh. If VetStem is relaunching it, decide whether you reorder through a new channel or use the transition to test a competing product. The regenerative category is high-margin but also high-education, switching products mid-relationship with a referring vet practice is friction you want to avoid unless the economics force it.
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