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.
Overview
Bio-Techne Corporation (NASDAQ: TECH) is a globally recognized life sciences company offering innovative bioactive reagents, consumables, and instruments. Its extensive portfolio supports a broad spectrum of applications in clinical diagnostics, drug discovery, and biological research. Using advanced immunoassays, spatial biology tools, and protein analysis reagents, Bio-Techne equips scientists with the essential resources to investigate complex biological processes and disease mechanisms.
Core Business Areas
Bio-Techne organizes its operations into two primary segments:
- Protein Sciences: This segment supplies specialized reagents such as antibodies, cytokines, and growth factors, along with analytical instruments, that serve as critical tools for protein analysis and cell biology. These products are employed in both basic and advanced research settings, reflecting a strong commitment to scientific precision and reproducibility.
- Diagnostics and Spatial Biology: Focused on clinical diagnostic solutions, this segment offers molecular tests, diagnostic reagents, and spatial biology products. These tools facilitate reliable clinical assays, supporting translational research and precision medicine through enhanced imaging and biomarker analysis.
Global Reach and Market Position
Based in Minnesota, Bio-Techne has established a significant market presence globally. Its products are widely used in North America, Europe, the Middle East, Africa, the UK, and Asia-Pacific. This international footprint, combined with a deep and diverse product catalog, positions the company as a key contributor to high-quality scientific research and diagnostic testing worldwide.
Innovation and Strategic Collaborations
Innovation is at the core of Bio-Techne’s operations. The company invests heavily in research and development to integrate emerging technologies, such as AI-assisted protein design and automated spatial biology platforms, into its product lines. Strategic collaborations with academic institutions, industry partners, and regional distributors further enhance its capabilities and propel breakthrough innovations. These partnerships not only accelerate product development but also ensure that the tools provided are seamlessly integrated into existing research and clinical workflows.
Product Portfolio and Revenue Streams
Bio-Techne offers an extensive inventory of bioactive reagents and research tools. Its products cater to a wide array of scientific needs ranging from basic research to clinical diagnostics. By providing both Research Use Only (RUO) and Good Manufacturing Practice (GMP) grade products, the company meets the rigorous demands of biotechnology, pharmaceutical, and academic sectors. Its revenue is generated through direct sales, licensing agreements, and strategic distribution deals, all of which underscore the company’s role as a pivotal enabler of scientific exploration.
Competitive Landscape
In a crowded marketplace, Bio-Techne stands out by leveraging its robust product portfolio, cutting-edge technological integration, and a proven track record of intellectual property innovation. While competitors offer similar life sciences tools, Bio-Techne differentiates itself with high-quality, reliable products and ongoing legal protections that reinforce its investment in research and development.
Customer Focus and Operational Excellence
The company prioritizes customer success by delivering reproducible and high-performance research tools that enhance scientific discovery. It regularly engages with the scientific community through educational workshops, technical discussions, and industry events, ensuring its customers remain at the forefront of innovation. This commitment to operational excellence has solidified Bio-Techne’s reputation as a trusted partner in both research and clinical diagnostic communities.
Conclusion
Overall, Bio-Techne Corporation is a cornerstone in the life sciences industry. Through its dual focus on Protein Sciences and Diagnostics & Spatial Biology, the company provides essential tools and innovative solutions that empower researchers and clinicians alike. Its global reach, strategic collaborations, and continuous push for technological advancement highlight its pivotal role in advancing biomedical research and clinical diagnostics.
Bio-Techne Corporation (NASDAQ: TECH) has entered a licensing agreement with Xencor, Inc. for the use of its proprietary antibody in developing innovative cancer therapeutics. This marks Bio-Techne's third collaboration with Xencor, emphasizing their role in the immuno-oncology field. The agreement allows Xencor to utilize Bio-Techne's extensive antibody portfolio alongside its XmAb® protein engineering technology, aimed at creating bispecific antibodies and engineered cytokines. Bio-Techne's commitment to the biopharma industry continues to grow through these strategic partnerships.
Bio-Techne Corporation (NASDAQ:TECH) has launched Abby, an advanced chemiluminescence system designed to automate the traditional Western blotting process. Abby features picogram-level sensitivity and the innovative RePlex™ technology, enabling sequential immunoassays. Additionally, the new Compass software enhances data analysis efficiency. The company also announced the upcoming Stellar™ NIR and IR modules for Jess™, which aim to elevate fluorescence Western blotting sensitivity. Bio-Techne emphasizes that these products contribute to faster, more reproducible results, essential for modern research environments.
Bio-Techne Corporation (NASDAQ: TECH) announced the completion of its acquisition of Asuragen, Inc., valued at $215 million in cash with up to $105 million contingent on future milestones. This acquisition enhances Bio-Techne's portfolio with advanced molecular diagnostic products, including genetic screening and oncology testing kits. It also provides a GMP-compliant manufacturing facility and a CLIA-certified laboratory. The company anticipates significant growth synergies from this deal, particularly in commercializing molecular products for broader market adoption.
Bio-Techne Corporation (NASDAQ: TECH) will host a conference call and webcast on May 6, 2021, at 8:00 a.m. CDT to discuss its third quarter 2021 financial results. Interested participants can join by dialing 1-877-407-9208 or accessing the webcast at public.viavid.com. A recorded replay will be available from 11:00 a.m. CDT on May 6 until 11:00 p.m. CDT on June 6, 2021. In fiscal 2020, Bio-Techne generated approximately $739 million in net sales.
Bio-Techne Corporation (NASDAQ: TECH) announces the launch of Cultrex™ UltiMatrix™ Reduced Growth Factor Basement Membrane Extract (RGF BME), an innovative extracellular matrix hydrogel aimed at enhancing organoid and pluripotent stem cell cultures. This product features increased total protein content, optimized protein composition, and improved tensile strength, while also reducing reliance on growth factors. Dave Eansor, President of Protein Sciences Segment, emphasizes its importance for drug discovery and regenerative medicine, addressing a critical market need.
Bio-Techne Corporation (NASDAQ: TECH) announced it has won the CiteAb COVID-19 Innovation Award for its R&D Systems and Novus brands. This award recognizes Bio-Techne's impactful response to the COVID-19 pandemic through the development of antibodies and scientific tools for research and testing. Bio-Techne has contributed various resources aiding the understanding of COVID-19, including serology assays with EUA approval. This is the fifth consecutive year the company has received a CiteAb award for its antibody innovations.
Bio-Techne Corporation (NASDAQ:TECH) has received CE-IVD certification for its ExoDx™ Prostate test (EPI), allowing it to be performed in Europe. The test, which aids in determining the need for prostate biopsies, has demonstrated a high sensitivity of 92% and a negative predictive value of 89%. With this certification, the EPI-CE test will be available in Bio-Techne’s Munich laboratory, potentially saving over €1,000 per patient by avoiding unnecessary biopsy procedures. This advancement is expected to enhance decision-making for clinicians and patients across Europe.
Bio-Techne Corporation (NASDAQ: TECH) announced preliminary data on its kidney transplant rejection test, ExoTRU™, developed with the Azzi laboratory at Harvard Medical School. This innovative, non-invasive urine-based multigene assay can distinguish between types of kidney rejection, aiding clinical decision-making and patient care. Scheduled for launch in 2021, ExoTRU demonstrates a negative predictive value (NPV) of 93.3% and a positive predictive value (PPV) of 86.2%. The test's introduction is expected to enhance monitoring and management for kidney transplant patients who face challenges with conventional methods.
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