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) has launched three new TSA Vivid Fluorophores designed for highly sensitive RNA detection in various biological samples. Optimized for use with the existing RNAscope ISH technology, these fluorophores aim to enhance RNA biomarker detection with unmatched clarity. The launch is supported by over 6,600 peer-reviewed publications, ensuring reliability. This move aligns with the company's growth strategy to leverage its unique capabilities in fluorescent imaging, contributing to advancements in cellular research and therapeutic development.
Bio-Techne Corporation (NASDAQ: TECH) launched three new Simple Plex™ Adeno-Associated Virus (AAV) viral titer assays for quantifying intact AAV capsids. Developed in collaboration with PROGEN, these assays—AAV1, AAV6, and AAV8—offer automated, reproducible methods for viral particle analysis. The assays are designed to meet the growing need for efficient titration, enhancing detection range with fewer sample dilutions. Bio-Techne's sales reached approximately $1.1 billion in fiscal 2022, and the new products expand their protein analysis portfolio.
Bio-Techne Corporation (NASDAQ: TECH) will host a conference call on November 1, 2022, at 8:00 a.m. CDT to review its first quarter 2023 financial results. Investors can access the call via dial-in or webcast. A recorded rebroadcast will be available from 11:00 a.m. CDT on the same day until 11:00 p.m. CST on December 1, 2022. In fiscal 2022, Bio-Techne generated approximately $1.1 billion in net sales and has a diverse portfolio, including reagents, diagnostic products, and genomic tools vital for biomedical research.
Bio-Techne Corporation (NASDAQ: TECH) has introduced new automated co-detection assays for the Roche DISCOVER ULTRA Platform, expanding its RNAscope ISH technology. These assays will allow simultaneous RNA and protein detection in tissue samples, potentially enhancing research in various diseases. The RNAscope platform is noted for its specificity and sensitivity, supported by over 6,600 peer-reviewed publications. With an expansive catalog of probes, Bio-Techne aims to accelerate research and therapeutic development in tissue diagnostics.
ScaleReady, a joint venture involving Bio-Techne (NASDAQ: TECH), announces the launch of the Cue Cell Processing System, designed exclusively for cell and gene therapy organizations. This innovative system automates complex, labor-intensive tasks, enhancing precision in cell processing workflows. Cue is customizable, ensuring that final formulations meet specifications consistently. Available in the U.S., Canada, and Europe, it also supports requests for regulatory documentation for advanced applications. This launch positions ScaleReady as a leader in the evolving market of cell and gene therapies.
Bio-Techne Corporation (NASDAQ: TECH) has initiated legal action against Molecular Instruments, Inc. in the UK, claiming infringement of its patented RNAscope® ISH technology. The lawsuit targets Molecular Instruments' HCR 3.0 technology, alleging violations of its European Patents 2,500,439 and 1,910,572. Bio-Techne's RNAscope® technology, known for its reliability in spatial biology, has over 6,000 peer-reviewed publications and 40,000 catalog probes. The company emphasizes the importance of protecting its intellectual property, which it views as critical for innovation and research advancement.
Bio-Techne Corporation (NASDAQ: TECH) presented new data regarding the Maurice Flex™ instrument at the 2022 CE Pharm conference, showcasing its advanced icIEF fractionation capabilities. This instrument addresses challenges in traditional ion-exchange chromatography (IEX) by offering rapid and high-purity fraction collection (80-100%) for intact mass spectrometry analysis. The instrument will allow scientists to choose their methods for downstream charge isoform characterization, streamlining protein analysis. The Maurice Flex™ is set to be launched for purchase in early 2023.
Bio-Techne Corporation (NASDAQ: TECH) announced that Exosome Diagnostics will present initial data on a non-invasive saliva profiling assay for Sjögren's Syndrome at the 15th International Symposium on Sjögren's Syndrome in Rome, Italy, on September 9, 2022. This novel assay utilizes extracellular vesicles to monitor RNA from saliva samples, offering a potential breakthrough in diagnosing and understanding this autoimmune disease. The study demonstrated high accuracy, with AUC values over 0.9. The development of this liquid biopsy tool aims to enhance precision medicine and improve patient care.
Bio-Techne Corporation (NASDAQ: TECH) announced that CEO Chuck Kummeth will present at the Baird 2022 Global Healthcare Conference on September 14, 2022, at 12:50 p.m. EST. The live webcast will be available on their Investor Relations website. Bio-Techne specializes in high-quality purified proteins, reagents, and genomic tools, generating approximately $1.1 billion in net sales in fiscal 2022. Their extensive product portfolio supports researchers and clinical labs in drug discovery and molecular diagnostics.
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