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.
Bio-Techne Corporation (NASDAQ: TECH) is a global life sciences company whose news flow reflects its role in life science tools, bioactive reagents, diagnostics, and spatial biology. Company announcements frequently highlight financial results, product launches, collaborations, and participation in healthcare and investor conferences, giving investors and researchers insight into how Bio-Techne is executing its strategy.
Recent press releases include quarterly and annual financial updates, where Bio-Techne reports net sales, segment performance for its Protein Sciences and Diagnostics and Spatial Biology segments, and commentary on market conditions. These earnings communications often discuss organic revenue trends, operating margins, and portfolio decisions such as divestitures of non-core businesses.
Product and technology news from Bio-Techne covers launches of analytical instruments, spatial biology assays, and multiomic workflows. Examples include announcements of next-generation protein analysis systems with multiplexing capabilities, spatial biology platforms that combine RNA and protein detection, and assays that visualize protein-protein interactions within tissue at subcellular resolution. Such updates show how the company is expanding its proteomic analytical tools and spatial biology offerings, which it identifies as growth pillars.
Bio-Techne also issues news about strategic collaborations and licensing agreements. Recent items describe partnerships in AI-enabled protein design, multiomic spatial analysis with academic and industry partners, and initiatives supporting cell and gene therapy manufacturing workflows. In addition, the company regularly announces its participation in major healthcare and investor conferences, where management presents its outlook and strategy.
This TECH news page aggregates these types of updates so readers can follow Bio-Techne’s financial reporting, product innovation, strategic partnerships, and conference activity in one place. Investors, analysts, and scientists can use this feed to monitor developments across the company’s life science tools, diagnostics, and spatial biology businesses.
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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.
Bio-Techne Corporation (NASDAQ: TECH) has agreed to acquire Asuragen, Inc. for an initial $215 million in cash, plus contingent payments of up to $105 million based on future milestones. The deal, financed through cash reserves and a credit line, is expected to close in Q4 of fiscal 2021. Asuragen, a leader in molecular diagnostics, reported over $30 million in revenue in 2020. The acquisition aims to enhance Bio-Techne's diagnostic portfolio and leverage Asuragen's expertise in molecular products, potentially driving significant growth and market expansion.
Bio-Techne Corporation (NASDAQ: TECH) announced that its CEO, Chuck Kummeth, will present at the Barclays Global Healthcare Conference on March 11, 2021, at 9:10 a.m. EST. A live webcast will be available on the company’s Investor Relations website. The company specializes in high-quality purified proteins, reagent solutions, and diagnostic products, generating $739 million in net sales in fiscal 2020. With over 2,300 employees, Bio-Techne plays a crucial role in biomedical research and clinical diagnostics.
Bio-Techne Corporation (NASDAQ: TECH) announced a new reimbursement contract with Humana, effective April 1, 2021, for the ExoDx™ Prostate (EPI) test, a genomic tool aiding in prostate biopsy decisions. Humana, the largest Medicare Advantage provider, serves about 20 million patients. The EPI test, performed by Exosome Diagnostics, is covered by Medicare and various commercial plans. This development expands access to the test, which helps reduce unnecessary invasive procedures. Bio-Techne's CEO expressed optimism about the growing acceptance of advanced diagnostics in the healthcare sector.
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Bio-Techne Corporation (NASDAQ: TECH) announced a licensing agreement with Luminary Therapeutics for TcBuster™, its non-viral gene delivery system. This agreement allows Luminary to utilize TcBuster in their LMY-920 program, which involves advanced CAR-T therapies. The license aims to enhance the manufacturing of gene-modified cell therapies, offering benefits over viral methods. Luminary plans to file an Investigational New Drug (IND) application with the FDA later this year, marking a significant step in their therapeutic development process.
Bio-Techne Corporation (NASDAQ: TECH) announced that CEO Chuck Kummeth will present at Citi's 2021 Healthcare Services, Medtech, Tools & HCIT Virtual Conference on February 25, 2021, at 9:50 a.m. EST. The live webcast will be available on the company's Investor Relations website. Bio-Techne specializes in high-quality purified proteins, reagents, and diagnostic products, generating approximately $739 million in net sales in fiscal 2020. The firm operates with over 2,300 employees globally, focusing on advancing scientific research and molecular diagnostics.
Bio-Techne Corporation (NASDAQ:TECH) announced the publication of a significant paper by Exosome Diagnostics titled Exosome-based Liquid Biopsies in Cancer: Opportunities and Challenges in the Annals of Oncology. This review highlights the advancements in exosome-based liquid biopsies, which show promise for early cancer detection. Despite progress, there's a need for improved accuracy in these tests, especially for early-stage cancers. The paper emphasizes the potential of multi-analyte measurements from exosomes as a solution to limitations in existing liquid biopsy methods.