Bio-Techne Corp Stock Price, News & Analysis

Bio-Techne (NASDAQ: TECH) and Akoya Biosciences (NASDAQ: AKYA) announced a partnership to develop a groundbreaking automated spatial multiomics workflow for tissue sample analysis. The collaboration aims to enhance RNA and protein analysis at single-cell resolution, facilitating better biomarker discovery and patient stratification in diseases like cancer. The partnership leverages Akoya's PhenoCycler-Fusion System and Bio-Techne's RNAScope HiPlex v2 assay, promising to accelerate research and improve treatment outcomes for complex diseases.

Bio-Techne Corporation (NASDAQ: TECH) will present at the 40th Annual J.P. Morgan Healthcare Conference on January 12, 2022, at 4:30 p.m. EST. Chuck Kummeth, CEO, will lead the presentation, which will be available via a live webcast on the company’s Investor Relations page. Bio-Techne specializes in high-quality purified proteins, reagent solutions, and diagnostic products, generating approximately $931 million in net sales in fiscal 2021. The company employs around 2,700 people globally.

Bio-Techne Corporation (NASDAQ: TECH) appointed Brenda Everson as Senior Vice President of Human Resources, effective January 10, 2022. She succeeds Struan Robertson, who is set to retire on February 11, 2022. Everson brings over 20 years of experience, most recently as VP of HR at Midco and previously at Apple, where she held senior roles for 18 years. President Chuck Kummeth praised Robertson's contributions to the company's culture and expressed enthusiasm for Everson's leadership skills as the company continues to grow.

Bio-Techne Corporation (NASDAQ: TECH) has appointed William A. Geist as President of the Protein Sciences Segment, effective January 3, 2022. He replaces N. David Eansor, who is retiring but will assist with the transition until February 2022. Mr. Geist brings over two decades of experience, previously serving as COO at Quanterix and VP at Thermo Fisher Scientific. His expertise in managing life science tool businesses generating over $1 billion in annual revenue positions him well to drive growth in the Protein Sciences Segment.

Bio-Techne Corporation (NASDAQ: TECH) has announced an option agreement with Wilson Wolf Corporation, allowing for a potential 20% ownership stake after Wilson Wolf achieves $100 million in revenue or $50 million in EBITDA. Additionally, Bio-Techne can fully acquire Wilson Wolf upon reaching approximately $225 million in revenue or $135 million in EBITDA. Wilson Wolf specializes in cell culture technologies, particularly the G-Rex® product line, crucial for cell therapy. This partnership aims to enhance cell and gene therapy manufacturing efficiency.

Bio-Techne Corporation (NASDAQ: TECH) announced a significant breakthrough with the publication of a manuscript in Scientific Reports demonstrating their lateral flow technology for COVID-19 diagnostics. The proof-of-concept study shows an affordable test using a minimally invasive swab that yields results in 15 minutes, featuring 87.5% sensitivity and 100% specificity. The company aims to collaborate with diagnostic firms to further develop rapid diagnostic tests leveraging their extensive resources.

Bio-Techne Corporation (NASDAQ: TECH) announced presentations at two investor conferences. Chuck Kummeth, CEO, will speak at the Stephens Annual Investment Conference on December 2, 2021 at 4:00 p.m. CDT. Jim Hippel, CFO, will present at the Evercore ISI HealthCONx Conference on December 1, 2021 at 4:20 p.m. EDT. Both events will have live webcasts accessible through Bio-Techne's Investor Relations website. The company generated approximately $931 million in net sales in fiscal 2021, highlighting its significant role in biomedical research and diagnostics.

ScaleReady has launched the G-Rex^®500M-CS, a second-generation product that enhances cell and gene therapy manufacturing. This new device offers a shelf-life extension to three years, improved ergonomics, and various operating options. ScaleReady, a joint venture of Fresenius Kabi and Bio-Techne (NASDAQ: TECH), aims to simplify and automate manufacturing processes, driven by strong growth in the cell therapy market. Josh Ludwig noted the importance of reliable systems in producing high-quality cells, essential for effective therapies.

Bio-Techne Corporation (NASDAQ: TECH) will present at the Stifel 2021 Virtual Healthcare Conference on November 16, 2021, at 10:00 a.m. EDT. Jim Hippel, the Executive Vice President and CFO, will lead the presentation. A live webcast will be available on Bio-Techne's Investor Relations website.

Bio-Techne specializes in developing high-quality proteins and diagnostic products, generating approximately $931 million in net sales in fiscal 2021. The company employs around 2,700 people globally.