Provided is a novel ivermectin derivative and compositions for the treatment or prophylaxis of parasite infestations in mammals or birds which comprise: (A) a pharmaceutically effective amount of a 1-N-phenylpyrazole compound (B) a pharmaceutically effective amount of an ivermectin derivative of formula (II) wherein: R14 represents -(CH2)S-O-Z wherein, s is 1 or 2 Y represents -CH(OR, 15)-, -C(=O)- or -C(=NOR 15) R15 represents hydrogen, alkyl or phenyl and R16 represents -CH3 or -CH2CH3 Z is alkyl, alkenyl, alkynyl, acyl, alkylalkoxy, aryl, alkanoyloxy, alkoxycarbonyl, alkenoyl, alkynoyl, or aroyl.