Neogen Corp - $NEOG STOCK NEWS

Neogen (NEOG) will participate in the 2024 RBC Capital Markets Global Healthcare Conference in New York. John Adent, the CEO, will present on May 14, 2024, at 4:05 PM Eastern Time. Investors can access the webcast and presentation materials on Neogen's Investor Relations website.

Neogen® (NASDAQ: NEOG) is celebrating 40 years of Petrifilm, a groundbreaking solution that has revolutionized microbiological testing in the food safety industry. With over 2.85 billion plates used worldwide and 105+ global validations, Petrifilm has significantly increased productivity, reduced testing time, and saved space in laboratories. Neogen remains committed to providing high-quality, innovative solutions to maintain its position as a global leader in food safety.

Neogen® introduced the Neogen Molecular Detection Assay 2 – Salmonella Enteritidis/Salmonella Typhimurium (MDA2SEST) to add to their pathogen testing platform, helping enhance food safety in the poultry industry. The new assay offers improved accuracy, reduced time to results, and a streamlined workflow. It detects specific Salmonella serotypes, aiding in reducing foodborne illness. The product has been approved by the AOAC® Research Institute, and it is part of the award-winning Neogen Molecular Detection System platform.

Neogen (NASDAQ: NEOG) has formed a genomics relationship with Performance Food Group (NYSE: PFGC) to enhance food traceability through DNA testing capabilities. This partnership aims to improve efficiency and sustainability within the protein supply chain.

Neogen launches Neogen Farm Fluid MAX in Great Britain, a dual-action disinfectant designed for challenging farm conditions and coccidiosis control. The product inactivates up to 100% of oocysts, including various field strains of Eimeria oocysts.

Neogen (NEOG) reported third-quarter results with revenues of $228.8 million, a net loss of $(2.0) million, and an adjusted net income of $26.4 million. The company is facing operational inefficiencies affecting order fulfillment rates due to the integration of the former 3M Food Safety business. Despite challenges, positive trends are noted in end markets.

Neogen (NASDAQ: NEOG) will release its third-quarter earnings on April 9, 2024. A webcast and conference call will follow to discuss the financial results.

Neogen Corporation (NEOG) appoints James Walter as Vice President, Global Operations, bringing his extensive experience in operations and supply chain excellence from Mallinckrodt Pharmaceuticals and clean energy industry. With a background in driving improvement, integration activities, and supporting growth initiatives, Mr. Walter's appointment is expected to be a significant asset for Neogen as they integrate the former 3M Food Safety Division into their business.

Neogen Corporation (NEOG) has introduced the SureKill Gel Bait Pro Applicator, a durable and lightweight tool designed to target hard-to-reach areas while minimizing bait waste. Crafted with industrial-grade plastic and steel, the applicator features an innovative thumb-driven trigger and adjustable dial for optimal gel output, providing a convenient and efficient solution for pest management professionals.