STOCK TITAN

Neogen® Forms Genomics Relationship with Performance Food Group

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Neogen (NASDAQ: NEOG) has formed a genomics relationship with Performance Food Group (NYSE: PFGC) to enhance food traceability through DNA testing capabilities. This partnership aims to improve efficiency and sustainability within the protein supply chain.
Neogen (NASDAQ: NEOG) ha instaurato una relazione nel campo della genomica con Performance Food Group (NYSE: PFGC) per migliorare la tracciabilità degli alimenti attraverso le capacità di test del DNA. Questa partnership mira a incrementare l'efficienza e la sostenibilità all'interno della catena di approvvigionamento delle proteine.
Neogen (NASDAQ: NEOG) ha establecido una relación de genómica con Performance Food Group (NYSE: PFGC) para mejorar la trazabilidad de los alimentos mediante pruebas de ADN. Esta asociación tiene como objetivo aumentar la eficiencia y sostenibilidad en la cadena de suministro de proteínas.
Neogen (나스닥: NEOG)은 DNA 검사 능력을 통해 식품 추적성을 강화하기 위해 Performance Food Group (뉴욕증권거래소: PFGC)과 유전체학적 관계를 맺었습니다. 이 파트너십은 단백질 공급망 내의 효율성과 지속 가능성을 향상시키는 것을 목표로 합니다.
Neogen (NASDAQ: NEOG) a formé une relation en génomique avec Performance Food Group (NYSE: PFGC) pour améliorer la traçabilité alimentaire grâce aux capacités de test ADN. Ce partenariat vise à améliorer l'efficacité et la durabilité au sein de la chaîne d'approvisionnement en protéines.
Neogen (NASDAQ: NEOG) hat eine genomische Beziehung mit Performance Food Group (NYSE: PFGC) gebildet, um die Rückverfolgbarkeit von Lebensmitteln durch DNA-Testfähigkeiten zu verbessern. Diese Partnerschaft zielt darauf ab, Effizienz und Nachhaltigkeit innerhalb der Proteinlieferkette zu erhöhen.
Positive
  • None.
Negative
  • None.

LINCOLN, Neb., April 18, 2024 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that it has formed a genomics relationship with Performance Food Group (NYSE: PFGC), making the company the official genomics provider for the food group's PathProven service.

With the support of Neogen genomics' world-leading DNA testing capabilities, Performance Food Group's PathProven food trace technology can trace food products back to the feedlot, ocean, or farm that they came from, allowing the entire production process to be carefully inspected and regulated, ensuring both the quality and origin of these products. This relationship presents a new opportunity for Neogen to help improve efficiency and sustainability within the protein supply chain.

"Neogen is incredibly proud to partner with Performance Food Group and further our commitment to fueling a brighter future for food security," said Tom Schultz, Senior Director of USAC Livestock Production at Neogen. "Through this relationship, Performance Food Group will implement Neogen's portfolio, ranging from food security to discovery, within its protein production process. This deeper integration of genomics technology within sourcing programs will help drive greater protein efficiencies."

"At Performance Food Group, we believe in transparency, which is why we have a verifiable program utilizing DNA. Our flagship beef program, Braveheart Black Angus Beef, redefines beef programs with our rigid PathProven Program and DNA testing, which verifies Angus genetics," said Glenn Strickholm, President of Protein Brands at Performance Food Group. "This truly separates our program from other certified beef programs, and Neogen is a big part of that difference. We are so excited about this partnership, and we look forward to seeing how it evolves in the future."

To learn more about Performance Food Group's PathProven food trace technology powered by Neogen's genomic services, visit www.performancefoodservice.com.

About Performance Food Group

Performance Food Group is an industry leader and one of the largest food and food service distribution companies in North America with more than 150 locations in North America. Founded and headquartered in Richmond, Virginia, PFG, and their family of companies, market and deliver quality food and related products to 300,000+ locations, including independent and chain restaurants; businesses, schools, and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores. To learn more about PFG, visit pfgc.com.

About Neogen

Neogen Corporation is committed to fueling a brighter future for global food security through the advancement of human and animal well-being. Harnessing the power of science and technology, Neogen has developed comprehensive solutions spanning the Food Safety, Livestock, and Pet Health & Wellness markets. A world leader in these fields, Neogen has a presence in over 140 countries with a dedicated network of scientists and technical experts focused on delivering optimized products and technology for its customers.

Contact

Kenny Stauffer | Director of Key Accounts, Neogen USAC
KStauffer@Neogen.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/neogen-forms-genomics-relationship-with-performance-food-group-302120472.html

SOURCE Neogen Corporation

FAQ

What is the genomics relationship between Neogen and Performance Food Group about?

The genomics relationship aims to enhance food traceability through DNA testing capabilities, allowing the tracing of food products back to their sources.

What is Neogen's role in Performance Food Group's PathProven service?

Neogen is the official genomics provider for Performance Food Group's PathProven service, providing DNA testing capabilities for tracing food products.

How will the partnership between Neogen and Performance Food Group benefit the protein supply chain?

The partnership aims to improve efficiency and sustainability within the protein supply chain by integrating genomics technology into sourcing programs.

What is the significance of Neogen's portfolio in Performance Food Group's protein production process?

Neogen's portfolio, ranging from food security to discovery, will be implemented within Performance Food Group's protein production process to drive greater protein efficiencies.

What separates Performance Food Group's Braveheart Black Angus Beef program from other certified beef programs?

Performance Food Group's Braveheart Black Angus Beef program utilizes DNA testing and the PathProven Program for verifying Angus genetics, ensuring transparency and quality.

Neogen Corp

NASDAQ:NEOG

NEOG Rankings

NEOG Latest News

NEOG Stock Data

2.63B
216.12M
0.27%
119.34%
10.67%
Diagnostics & Research
In Vitro & in Vivo Diagnostic Substances
Link
United States of America
LANSING