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Bio-Techne Corp - TECH STOCK NEWS

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.

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Bio-Techne (NASDAQ: TECH) will present at the 27th Annual Meeting of the American Society of Gene & Cell Therapy, showcasing its cell and gene therapy workflow solutions. The event will feature speaker sessions, poster presentations, and a multimedia experience highlighting Bio-Techne's innovative tools and solutions for advancing cell and gene therapies.

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Bio-Techne (NASDAQ: TECH) reported third-quarter fiscal 2024 results with organic revenue up 2%, GAAP EPS at $0.31, adjusted EPS at $0.48, and strong commercial execution in Diagnostics & Genomics segment. Cash flow increased by 31% to $223.5 million.

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Bio-Techne (NASDAQ: TECH) declared a quarterly dividend of $0.08 per share for the quarter ended March 31, 2024. The dividend will be payable on May 24, 2024, to common shareholders of record on May 13, 2024. The company is a global life sciences provider of tools and bioactive reagents for research and clinical diagnostics, generating $1.1 billion in net sales in fiscal 2023.

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Bio-Techne appointed Dr. Judith Klimovsky as an independent director on the Board of Directors, bringing valuable experience from the biotechnology industry. Dr. Klimovsky's background in antibody therapeutics and global clinical development positions her well to contribute to Bio-Techne's expansion efforts. The addition of Dr. Klimovsky enhances the board's expertise and diversity, with a focus on Latin America and global biopharma.

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Bio-Techne (NASDAQ: TECH) has announced a new distribution agreement with Thermo Fisher Scientific, effective May 1, 2024. This strategic partnership will see Thermo Fisher distributing Bio-Techne's innovative products across Europe, enhancing support for researchers and accelerating scientific discoveries. The collaboration aims to empower scientists in areas such as cell and gene therapy, immunology, and neuroscience, ultimately advancing healthcare outcomes. Thermo Fisher's dedication to fostering innovation and collaboration within the scientific community is highlighted through this partnership.

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Bio-Techne (NASDAQ: TECH) and Novomol-Dx have developed the Bio-Marker Pathfinder (BMP), a groundbreaking ocular biomarker kit for point-of-care application. The kit, running on Bio-Techne's Ella™ platform, provides accurate, reliable data in less than 90 minutes, targeting Dry Eye Disease, Diabetic Retinopathy, and patient monitoring post-ocular surgeries. With potential applications beyond ocular diseases, the BMP kit addresses a significant unmet need in India, aiming to benefit millions of patients. The partnership between Bio-Techne and Novomol-Dx showcases the potential of biomarker research in diagnostic and prognostic applications, promising a brighter future for ocular healthcare.
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Bio-Techne (NASDAQ: TECH) has filed a patent infringement lawsuit against Molecular Instruments, Inc. in Europe to protect its patented RNAscope® ISH technology. The lawsuit alleges that Molecular Instruments' HCR 3.0 technology infringes ACD's European Patents 1,910,572 and 2,500,439. Bio-Techne aims to halt the infringement, seek damages, and obtain injunctive relief in key European markets to defend its position as a global leader in spatial biology research and clinical applications.
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Bio-Techne (NASDAQ: TECH) will host a conference call on May 1, 2024, to review third quarter fiscal 2024 financial results. Bio-Techne is a leading developer of high-quality purified proteins, reagent solutions, and diagnostic products.
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Bio-Techne (NASDAQ: TECH) announces that Advanced Cell Diagnostics (ACD) has reached a milestone of over 10,000 peer-reviewed publications utilizing RNAscope™ ISH technology, solidifying its leadership in spatial biology applications. The increasing global customer awareness and market adoption signify ACD's significant impact in enabling ground-breaking biologic discoveries and therapeutic advancements.
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Bio-Techne (TECH) will present its cancer research solutions at the AACR annual meeting in April 2024.
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FAQ

What is the current stock price of Bio-Techne (TECH)?

The current stock price of Bio-Techne (TECH) is $54.86 as of April 3, 2025.

What is the market cap of Bio-Techne (TECH)?

The market cap of Bio-Techne (TECH) is approximately 8.9B.

What are the primary business segments of Bio-Techne Corporation?

The company operates mainly through two segments: Protein Sciences, which provides reagents and analytical instruments, and Diagnostics & Spatial Biology, which focuses on molecular diagnostics and spatial biology products.

How does Bio-Techne support scientific research?

Bio-Techne supplies a broad array of high-quality tools including antibodies, cytokines, and immunoassay kits that enable precise investigations into biological processes and advance drug discovery and clinical diagnostics.

What distinguishes Bio-Techne in a competitive market?

Its differentiation lies in its comprehensive product portfolio, integration of advanced technologies like AI-assisted protein design and automated spatial biology platforms, and strategic global collaborations that enhance product reliability and innovation.

Who are the main customers of Bio-Techne Corporation?

The company’s products serve pharmaceutical companies, biotech firms, academic research institutions, and clinical diagnostic laboratories worldwide.

How does Bio-Techne ensure product quality and reliability?

Through rigorous R&D, adherence to high manufacturing standards (both RUO and GMP), and continual innovation in product design, the company guarantees reproducible and high-performance solutions.

What role do strategic partnerships play for the company?

Strategic collaborations enable Bio-Techne to integrate new technologies, expand its market reach, and foster innovative solutions that enhance both its research and diagnostic product lines.

Can you describe the global presence of Bio-Techne?

Based in Minnesota, Bio-Techne operates globally with significant market penetration in North America, Europe, the Middle East, Africa, the UK, and Asia-Pacific, cementing its role as a major player in the life sciences industry.
Bio-Techne Corp

Nasdaq:TECH

TECH Rankings

TECH Stock Data

8.85B
156.43M
1.05%
101.12%
3.33%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States
MINNEAPOLIS