Bio-Techne Corp Stock Price, News & Analysis

Bio-Techne Corporation (NASDAQ: TECH) has completed its $257 million investment in Wilson Wolf Manufacturing, acquiring a 20% ownership stake. This investment was initiated after Wilson Wolf met its EBITDA target of $55 million. Bio-Techne has the option to acquire the remaining stake for $1 billion upon Wilson Wolf achieving $226 million in revenue or $136 million in EBITDA by December 31, 2027. If the milestones are not met, Bio-Techne can acquire Wilson Wolf for approximately 4.4 times its trailing revenue. Wilson Wolf is recognized for its innovative cell production technology used in cell and gene therapy.

Bio-Techne Corporation (NASDAQ: TECH) announced its completion of participation in the Cell and Gene Therapy Catapult Process Analytical Technology (Catapult PAT) consortium, a multi-year initiative involving 24 partners. The initiative, which began in January 2021, focused on developing cell and gene therapy-specific analytical technologies. Data was collected during experiments on T-cell expansion bioprocesses, resulting in a first-of-its-kind dataset. The Ella™ platform from Bio-Techne played a key role in the research, which is set to enhance facilities in the UK. Bio-Techne generated approximately $1.1 billion in net sales in fiscal 2022.

Bio-Techne Corporation (NASDAQ: TECH) announced that Jim Hippel, Executive Vice President and CFO, will present at the Barclays Global Healthcare Conference on March 14, 2023, at 2:35 p.m. EDT. A live webcast can be accessed on Bio-Techne's Investor Relations website.

Bio-Techne is a leader in developing high-quality purified proteins and reagents, generating approximately $1.1 billion in net sales in fiscal 2022. The company's extensive portfolio supports biomedical research and diagnostics, enhancing drug discovery and clinical testing.

Bio-Techne Corporation (NASDAQ: TECH) announced an investment of $257 million in Wilson Wolf Manufacturing, resulting in a 20% ownership stake. This follows Wilson Wolf achieving a trailing 12-month EBITDA of $55 million. Bio-Techne can acquire the remaining ownership for $1 billion if Wilson Wolf hits a revenue milestone of $226 million or $136 million in EBITDA by December 31, 2027. Wilson Wolf specializes in innovative cell production technology crucial for Cell and Gene Therapy. The investment is poised to enhance Bio-Techne's capacity in CGT manufacturing and streamline processes in the sector.

Bio-Techne Corporation (NASDAQ: TECH) announced that CEO Chuck Kummeth will present at the Cowen 43rd Annual Health Care Conference on March 6, 2023, at 2:10 p.m. EST. Investors can access a live webcast of the presentation through the company's Investor Relations website.

Bio-Techne is a prominent developer of purified proteins and reagent solutions, including cytokines, antibodies, and diagnostic products. The company generated approximately $1.1 billion in net sales for fiscal 2022 and employs around 3,000 people globally.

Bio-Techne Corporation (NASDAQ: TECH) announced that the Medicare contractor, National Government Services, has finalized local coverage determination for the ExoDx Prostate Test. Effective March 1, 2023, this policy covers annual testing for men with a negative biopsy but considered at high risk for prostate cancer. The ExoDx Test helps identify patients who truly need invasive biopsies based on their PSA levels.

This updated coverage reflects the latest recommendations from the National Comprehensive Cancer Network, enhancing patient access to noninvasive testing before proceeding with biopsies, thus addressing rising prostate cancer incidences.

Bio-Techne Corporation (NASDAQ: TECH) announced that Jim Hippel, Executive Vice President and Chief Financial Officer, will present at the Citi 2023 Healthcare Services, Medtech, Tools & HCIT Conference on March 1, 2023, at 2:00 p.m. EST. Investors can access a live webcast of the presentation on the Investor Relations website. With approximately $1.1 billion in net sales in fiscal 2022, Bio-Techne specializes in high-quality purified proteins, reagent solutions, and diagnostic products, providing tools for research and clinical diagnostics globally.

Bio-Techne Corporation (NASDAQ: TECH) announced a partnership with Cell Signaling Technology (CST) on February 14, 2023, aimed at enhancing research capabilities in molecular signaling pathways. This collaboration introduces Simple Western™ validation for CST antibodies, streamlining the study of critical cellular functions. The Simple Western systems provide rapid results in protein detection, enabling researchers to achieve more accurate and efficient data collection. With over $1.1 billion in net sales generated in fiscal 2022, Bio-Techne is positioned to support advancements in drug discovery through its innovative platforms.