Bio-Techne Corp - Company Profile
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Bio-Techne Corp (Bio-Techne) is a biotech company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets. Its activities include producing a wide range of biological products and solutions for research and clinical diagnostics. The company’s products include ELISA kits, ELISpot kits, enzymes, Luminex assays, proteins, GMP products and instruments. Bio-Techne's custom service offerings comprise antibody services, targeted protein degradation services, licensing, cell and gene therapy services, compound library services, ELISA services and gene engineering services. It conducts research in the areas of cancer, cardiovascular, cell and gene therapy, COVID-19, glycobiology, immunology, immuno-oncology, metabolism, neuroscience, pharmacology and stem cells. Bio-Techne is headquartered in Minneapolis, Minnesota, the US.
Headquarters
United States of America
Address
614 Mckinley Pl N E, Suite 1500, Minneapolis, Minnesota, 55413
Website
www.bio-techne.com
Telephone
1 612 3798854
No of Employees
3,100
Industry
Medical Equipment
Ticker Symbol & Exchange
TECH (NASD)
Revenue (2024)
$1.2B
5.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-56.3%
(2024 vs 2023)
Market Cap*
$11.0B
Net Profit Margin (2024)
XYZ
-58.5%
(2024 vs 2023)
* As of and is in US$
Bio-Techne Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Reagents and Kits: | Custom | R&D Systems |
| Antibodies | Custom Antibody Services | Novus Biologicals |
| Cell Culture Reagents | Custom Cell and Gene Therapy Services | exosomedx |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company signed an agreement to be acquired by Merck KGaA for US$11.3 billion. |
| 2026 | New Products/Services | In March, the company expanded its COMET spatial biology ecosystem with new SPYRE focus panels and amplification kits. |
| 2026 | New Products/Services | In February, the company launched the Cultrex Synthetic Hydrogel. |
Competitor Comparison
| Key Parameters | Bio-Techne Corp | Thermo Fisher Scientific Inc | GE HealthCare Technologies Inc | Abbott Diagnostics | Agilent Technologies Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Minneapolis | Waltham | Chicago | Lake Forest | Santa Clara |
| State/Province | Minnesota | Massachusetts | Illinois | Illinois | California |
| No. of Employees | 3,100 | 125,000 | 54,000 | - | 17,900 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kim Kelderman | Director; Chief Executive Officer; President | Executive Board | 2023 | 57 |
| Jim Hippel | Executive Vice President; Chief Financial Officer | Senior Management | 2014 | - |
| Gary Latham | Chief Technology Officer; Vice President | Senior Management | 2023 | - |
| Shane Bohnen | General Counsel; Chief Sustainability Officer; Senior Vice President; Secretary | Senior Management | 2019 | 49 |
| Bernie Andruss | Senior Vice President - Bio-Techne Diagnostics Division | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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