Welcome to our dedicated page for Bio-Techne news (Ticker: TECH), a resource for investors and traders seeking the latest updates and insights on Bio-Techne stock.
Bio-Techne Corporation (NASDAQ: TECH) is a pioneering global life sciences company based in Minnesota. Specializing in bioactive tools and reagents, Bio-Techne serves the research and clinical diagnostic communities. The company's extensive product portfolio, exceeding 275,000 items, supports scientific investigations into biological processes and disease mechanisms, facilitating both drug discovery and accurate clinical testing.
Bio-Techne operates through two main segments: Protein Sciences and Diagnostics and Genomics. The Protein Sciences segment, which accounts for 75% of revenue, provides reagents such as antibodies and analytical instruments for life sciences research. The Diagnostics and Genomics segment, representing 25% of revenue, offers diagnostic reagents and molecular diagnostics, with a strong footprint in spatial biology products.
Geographically, the United States is Bio-Techne's largest market, contributing about 55% of its revenue. The company also maintains significant operations in Europe, the Middle East, Africa (20%), the UK (5%), and Asia-Pacific (15%).
In recent news, Bio-Techne has been active on multiple fronts:
- Legal Actions: Bio-Techne initiated legal proceedings in the Unified Patent Court to address patent infringements related to its RNAscope® ISH technology by Molecular Instruments, Inc.
- Innovations: Partnering with Novomol-Dx, Bio-Techne introduced the Bio-Marker Pathfinder (BMP), a point-of-care ocular biomarker kit leveraging its Ella™ platform for rapid diagnostics in ophthalmic diseases.
- Strategic Collaborations: Bio-Techne entered a distribution agreement with Thermo Fisher Scientific to expand product access across Europe and announced continued collaboration with Regulus Therapeutics, highlighting positive results in ADPKD treatment using Bio-Techne's Simple Western™ platforms.
- Financial Performance: Bio-Techne reported a modest 3% revenue increase for Q3 FY2024 despite challenging market conditions, underscoring strong operational execution and strategic investments.
- Product Showcases: The company unveiled its MauriceFlex™ System at the 72nd ASMS Conference, demonstrating innovative solutions for protein characterization.
With over 3,100 employees worldwide, Bio-Techne generated over $1.1 billion in net sales in fiscal 2023. The company continues to drive significant advancements in life sciences and healthcare through its robust portfolio and strategic initiatives.
Bio-Techne Corporation (NASDAQ: TECH) reported strong financial results for Q3 FY2022, with organic revenue growth of 17% to $290.4 million. GAAP EPS was $1.48, up from $1.12 last year, while adjusted EPS rose to $2.14 from $1.80. Key highlights include 16% organic growth in Protein Sciences and 19% in Diagnostics and Genomics. The company also announced a partnership with Thermo Fisher Scientific for the ExoTRU kidney transplant rejection test. Adjusted operating income increased 17% to $114.6 million, maintaining a robust adjusted operating margin of 39.6%.
Bio-Techne Corporation (NASDAQ: TECH) will have its President and CEO, Chuck Kummeth, present at the BofA Securities 2022 Healthcare Conference on May 11, 2022, at 2:40 p.m. PST. Interested parties can access a live webcast via the company’s Investor Relations website.
Bio-Techne is a key player in creating purified proteins and reagent solutions, with products that cater to biomedical researchers and clinical laboratories. In fiscal 2021, Bio-Techne reported approximately $931 million in net sales. The company has around 2,700 employees globally.
Bio-Techne Corporation (NASDAQ: TECH) plans to host a conference call on May 4, 2022, at 8:00 a.m. CDT to discuss its third quarter fiscal 2022 financial results. Interested parties can join via dial-in or webcast, with the details provided in the release. A replay will be available from 11:00 a.m. CDT on May 4 until 11:00 p.m. CDT on June 4. Bio-Techne reported approximately $931 million in net sales for fiscal 2021 and employs around 2,700 staff globally, focusing on high-quality biological products and diagnostic tools.
Bio-Techne Corporation (NASDAQ: TECH) and Cygnus Technologies, part of Maravai LifeSciences (NASDAQ: MRVI), have launched the Simple Plex™ HEK 293 HCP 3G assay for automated impurity testing on the Ella™ platform. This innovative assay enhances viral production workflows by accurately quantifying host cell protein (HCP) impurities in a rapid, 90-minute process. It promises improved consistency and reduced variability compared to traditional methods, leveraging Cygnus's established HCP detection technology. The collaboration aims to support the growing cell and gene therapy market.
Bio-Techne Corporation (NASDAQ: TECH) will present at the KeyBanc Life Sciences & MedTech Investor Forum on March 23, 2022, at 11:15 a.m. EDT. Will Geist, President of the Protein Sciences Segment, will lead the presentation, which will be accessible via the company's Investor Relations website. Bio-Techne specializes in developing high-quality proteins and reagents, supporting biomedical research and clinical diagnostics. In fiscal 2021, the company reported approximately $931 million in net sales and employs around 2,700 staff globally.
Bio-Techne Corporation (NASDAQ: TECH) will have CEO Chuck Kummeth present at the Barclays Global Healthcare Conference on March 16, 2022, at 8:30 a.m. EST. A live webcast will be available on Bio-Techne's Investor Relations website. The company specializes in high-quality purified proteins and reagent solutions, generating approximately $931 million in net sales in fiscal 2021. Its diverse product range supports scientific investigations and clinical diagnostics, impacting drug discovery and disease diagnosis.
Bio-Techne Corporation (NASDAQ: TECH) has announced that Executive Vice President and CFO Jim Hippel will present at the Cowen 42nd Annual Health Care Conference on March 7, 2022, at 11:10 a.m. EST. The presentation will be accessible via a live webcast on Bio-Techne's Investor Relations website. The company, a key player in the development of purified proteins and reagent solutions, recorded approximately $931 million in net sales in fiscal 2021 and employs around 2,700 staff worldwide, focusing on diagnostics and genomic tools.
Bio-Techne Corporation (NASDAQ: TECH) announced that Jim Hippel, the Executive Vice President and CFO, will present at the Citi 2022 Virtual Healthcare Conference on February 24, 2022, at 10:15 a.m. EST. The presentation will be accessible via the company's Investor Relations website. Bio-Techne is a leading developer of purified proteins and reagent solutions, including diagnostics and genomic tools, generating approximately $931 million in net sales in fiscal 2021 with around 2,700 employees globally.
Bio-Techne Corporation (NASDAQ: TECH) has partnered with Thermo Fisher Scientific to develop and commercialize the ExoTRU kidney transplant rejection test. This non-invasive liquid biopsy assay provides critical allograft health information, aiding in the management of kidney transplant patients by distinguishing between T-cell mediated rejection and antibody mediated rejection. Developed with the Azzi Laboratory at Harvard Medical School's Transplantation Research Center, the ExoTRU assay meets a significant need in patient care and has potential for market leadership in liquid biopsies.
Bio-Techne Corporation (NASDAQ:TECH) has published significant findings in the World Journal of Urology showcasing the ExoDx Prostate test (EPI) as a key tool for assessing low-risk prostate cancer. Conducted by Dr. Alexander Kretschmer and team, the study with 2,066 subjects indicates that an EPI score below 15.6 can prevent unnecessary radical prostatectomy in low-risk patients. The EPI test demonstrated a 100% negative predictive value for ruling out grade ≥GG3 cancer. The research suggests that up to 75% of men may avoid invasive procedures through effective active surveillance.
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