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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.

Rhea-AI Summary
Bio-Techne Corporation (NASDAQ: TECH) has announced a conference call and webcast to review its second-quarter fiscal 2024 financial results. The call is scheduled for February 1, 2024, at 8:00 a.m. CST. Bio-Techne is a leading developer and manufacturer of high-quality purified proteins, reagent solutions, and diagnostic products. The company generated over $1.1 billion in net sales in fiscal 2023 and has approximately 3,100 employees worldwide.
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Bio-Techne Corporation (NASDAQ: TECH) announced the appointment of Matthew F. McManus as President, Diagnostics and Genomics Segment, effective January 8, 2024. Dr. McManus brings over two decades of senior life sciences leadership experience and will succeed Kim Kelderman, who will become Bio-Techne's Chief Executive Officer effective February 1, 2024. Dr. McManus has a strong track record in the life sciences industry, having previously served as Executive Vice President and Chief Operating Officer for Azenta and as Senior Vice President and General Manager of Bio-Techne's Molecular Diagnostics Division. He also has a background in gene synthesis and cell & gene therapy markets. Kim Kelderman, Bio-Techne's Chief Operating Officer, expressed excitement for Dr. McManus' return and confidence in his ability to lead the Diagnostics and Genomics Segment through its next phase of growth.
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Bio-Techne Corporation (TECH) to Showcase Cell and Gene Therapy Solutions
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Bio-Techne Corporation (NASDAQ: TECH) announced that Kim Kelderman, current COO, and CEO effective February 1, 2024, will present at the 42nd Annual J.P. Morgan Healthcare Conference. The company is a leading developer and manufacturer of high-quality purified proteins and reagent solutions, generating approximately $1.1 billion in net sales in fiscal 2023 with around 3,100 employees worldwide.
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Bio-Techne Corporation (NASDAQ: TECH) files Drug Master File with FDA for ExCellerate™ GMP iPSC Expansion Medium, Animal Free (CCM0036-GMP)
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Bio-Techne Corporation (NASDAQ: TECH) announced that Lunaphore and SIB Swiss Institute of Bioinformatics have been awarded Innosuisse funding for an innovation project. The collaboration aims to develop novel AI-based assay development tools for spatial biology on Lunaphore's COMET™ to accelerate the adoption of multiplex sequential immunofluorescence (seqIF™) technology in research.
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Bio-Techne Corporation (TECH) to present at the 6th Annual Evercore ISI HealthCONx Conference. The company is a leading developer and manufacturer of high-quality purified proteins, reagent solutions, and diagnostic products, generating approximately $1.1 billion in net sales in fiscal 2023 with approximately 3,200 employees worldwide.
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Bio-Techne Corporation (NASDAQ: TECH) to Present at Investor Healthcare Conferences
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Bio-Techne Corporation (NASDAQ:TECH) announces Asuragen's presentation of new clinical laboratory testing solutions at the upcoming AMP meeting, focusing on cystic fibrosis variant detection, cancer monitoring, and resolving conventionally inaccessible disease-causing genes.
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Bio-Techne Corporation reported its financial results for the first quarter ended September 30, 2023. First quarter organic revenue increased by 2% to $276.9 million. GAAP earnings per share (EPS) was $0.31 versus $0.55 one year ago. Adjusted EPS was $0.41 compared to $0.45 one year ago. ExoDx prostate test volume increased 49% and revenue increased 39%. ProteinSimple branded portfolio grew 9% in the quarter and 18% excluding China. Cash flow generated from operations increased to $59.4 million, a 6% increase from the prior year. Kim Kelderman was appointed as CEO effective February 1, 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 $58.38 as of April 2, 2025.

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

The market cap of Bio-Techne (TECH) is approximately 9.0B.

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

9.05B
156.43M
1.05%
101.12%
3.33%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States
MINNEAPOLIS