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.
Kantaro Biosciences, a joint venture with RenalytixAI and Bio-Techne, announced that the FDA has added its COVID-SeroKlir antibody test to the Emergency Use Authorization (EUA) for convalescent plasma treatment in hospitalized COVID-19 patients. The test, which detects SARS-CoV-2 IgG antibodies with 98.8% sensitivity and 99.6% specificity, aims to qualify high titer convalescent plasma. Kantaro emphasizes the test's potential role in advancing COVID-19 therapeutics, having been used nearly 90,000 times across diverse populations since its initial FDA authorization in November 2020.
Bio-Techne Corporation (NASDAQ: TECH) announced that Chuck Kummeth, President and CEO, will present at the 2021 SVB Leerink Global Healthcare Conference on February 24, 2021, at 11:20 a.m. EST. The live webcast can be accessed via the Investor Relations page on Bio-Techne's website. The company develops high-quality purified proteins, reagents, and diagnostic products, generating approximately $739 million in net sales in fiscal 2020. Bio-Techne's products support scientific research and clinical diagnostics, contributing significantly to drug discovery and disease understanding.
Kantaro Biosciences has partnered with Atrys Health to market and distribute its COVID-SeroKlir and COVID-SeroIndex antibody tests in select European and South American regions, such as Spain, Portugal, and Brazil. These tests have achieved a CE Mark, demonstrating high sensitivity (97.8%) and specificity (99.6%) for SARS-CoV-2 IgG antibodies. This collaboration aims to enhance COVID-19 testing accessibility, critical for public health decisions and vaccine response analysis.
Bio-Techne Corporation (NASDAQ: TECH) announced an expansion of its Simple Plex immunoassay cartridge portfolio, now including nine new formats for enhanced flexibility in sample and biomarker assay processing. These cartridges operate on the Ella platform, utilizing advanced microfluidics for fully automated immunoassays. The platform allows for high-quality assays with minimal manual input, providing sub-picogram sensitivity and quick results in 90 minutes. This upgrade aims to better align assay capabilities with researchers' throughput needs.
Bio-Techne Corporation (NASDAQ:TECH) reported strong financial results for Q2 FY2021, with organic revenue growth of 19% to $224.3 million and a 21% overall increase. GAAP EPS decreased to $1.15, mainly due to a prior year's non-recurring gain, but adjusted EPS rose by 50% to $1.62. Both the Protein Sciences and Diagnostics and Genomics segments saw record organic growth of 19%. The company also achieved an adjusted operating margin of 38.7%, up from 33.4% year-over-year, while paying down $125 million in debt.
Bio-Techne Corporation (NASDAQ: TECH) announced a quarterly dividend of $0.32 per share for the period ending December 31, 2020. This dividend will be payable on February 26, 2021, to shareholders on record as of February 12, 2021. Bio-Techne, a global life sciences firm, reported approximately $739 million in net sales for fiscal 2020, enhancing its appeal as an investment option. The Board will consider future dividends quarterly.
Bio-Techne Corporation (NASDAQ: TECH) has made a strategic minority investment in Changzhou Eminence Biotechnology Co., Ltd. This funding will help Eminence expand its GMP media production capacity and service capabilities in China. Eminence, founded in 2016, focuses on high-quality cell culture media crucial for biopharmaceutical manufacturing. The investment aims to leverage Bio-Techne's reputation and industry relationships to support the growing Chinese biopharmaceutical market. Both companies anticipate collaboration on GMP molecules for cell and gene therapies.
Bio-Techne Corporation (NASDAQ: TECH) will host a conference call and webcast on February 2, 2021, at 8:00 a.m. CST to review its second quarter 2021 financial results. Interested parties can access the call via dial-in or through a webcast link. A recorded rebroadcast will be available from 11:00 a.m. CST on the same day until 11:00 p.m. CST on March 2, 2021. Bio-Techne specializes in high-quality purified proteins and reagents, generating approximately $739 million in net sales in fiscal 2020 with around 2,300 employees.
Bio-Techne Corporation (NASDAQ: TECH) announced that Chuck Kummeth, CEO, will present at the 39th Annual J.P. Morgan Healthcare Conference on January 13, 2021, at 2:00 p.m. EST. Access the live webcast on Bio-Techne's Investor Relations website. The company specializes in high-quality purified proteins and reagent solutions, generating approximately $739 million in net sales in fiscal 2020. With over 2,300 employees, Bio-Techne plays a vital role in research and diagnostics, offering products in protein analysis, genomic tools, and diagnostics.
Kantaro Biosciences, a joint venture with RenalytixAI (NASDAQ: RNLX), has received Emergency Use Authorization from the FDA for its COVID-SeroKlir antibody test kit. This semi-quantitative test detects IgG antibodies, demonstrating 98.8% sensitivity and 99.6% specificity. Manufactured in partnership with Bio-Techne Corporation (NASDAQ: TECH), production can reach up to 10 million tests monthly. The test aids in healthcare decision-making and assessing vaccine responses, underlining its importance in the ongoing fight against COVID-19.