Neogen Corp - Company Profile
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Business Description
Neogen Corp (Neogen) develops, manufactures, and markets various products for food safety and animal safety. The major products that the company offers include a wide range of diagnostic tests to detect toxins and pathogens in food; pharmaceuticals; rodenticides; disinfectants; vaccines; and veterinary instruments. As of May 2023, the company had approximately 41,000 customers.
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R&D Overview
The company’s research and development (R&D) focuses on developing new standard products to meet the diverse needs of its customers. The company has 136 employees working for the R&D division globally. Neogen is currently engaged in the progress of multiple development initiatives aimed at creating novel and enhanced diagnostic tests, alongside other supplementary offerings, catering to the domains of Food Safety and Animal Safety. The company invested US$26.0 million in R&D activities in FY2023 which as a percentage of revenue stood at 3.2%. As of FY2023 the company holds 48 patents in the US and 404 international patents including both Food Safety and Animal Safety categories.
Business Segments
Overview
Develops, manufactures and markets pharmaceuticals, rodenticides, disinfectants, vaccines, veterinary instruments, topicals, diagnostic products and genetic testing services. Offers veterinary instruments and animal health delivery systems under the brand name, Ideal. - Major products under its veterinary pharmaceuticals category include PanaKare, E-AD, RenaKare, Vita-15 and Liver 7. Its Veterinary biologics products include BotVax B vaccine, which protects horses and foals against Type B botulism, and ImmunoRegulin product that helps in the treatment of pyoderma in dogs. Its Veterinary OTC products include veterinary instruments packaged for the retail market under the brand name Ideal. Its OTC products include Fura-Zone, which aids the prevention and treatment of surface bacterial infections in burns, wounds, and cutaneous ulcers and Stress-Dex, which is an oral electrolyte replacer for performance horses. It also markets Ag-Tek and other hoof care, artificial insemination and disposable supplies marketed to the veterinary and dairy industries. Sells rodenticides under brand names such as Havoc and Ramik. Its cleaners and disinfectants include DC&R, 904 Disinfectant, Acid-A-Foam, Synergize, BioPhene and FarmFluid S.
Performance
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Overview
Develops and markets diagnostic test kits and complementary products for feed and food producers and processors to detect dangerous or unintended substances in animal feed and food. Its products include tests for detection of foodborne pathogens, mycotoxins, spoilage microorganisms, natural toxins, food allergens, genetic modifications, ruminant by-products, drug residues, culture media, pesticide residues and general sanitation concerns. Tests are single-use, disposable immunoassay and gene probe products that rely on the company’s proprietary antibodies, and RNA and DNA probes to produce rapid and accurate test results.
Performance
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Geographical Segments
Performance
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Performance
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