American life sciences company
Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents , instruments and services for the research, diagnostic , and bioprocessing markets.[ 1]
History
The company was founded in 1976 by Roger C. Lucas as Research and Diagnostic Systems, Inc. In 1985, it merged into Techne Corporation and became a public company .[ 1]
In March 2013, Charles (Chuck) Kummeth was named chief executive officer of the company.[ 2]
In July 2013, the company acquired Bionostics for $104 million.[ 3] [ 4]
In February 2014, the company changed its name to Bio-Techne.[ 5]
In April 2014, the company agreed to acquire Shanghai PrimeGene Bio-Tech Company (PrimeGene).[ 6] [ 7]
In July 2014, the company acquired Novus Biologicals for $60 million.[ 8] [ 9] [ 10]
In August 2014, the company acquired ProteinSimple for $300 million.[ 11]
In November 2014, the company agreed to acquire CyVek for $60 million plus up to an additional $135 million in earn-out payments.[ 12] [ 13] [ 14]
In June 2015, the company agreed to acquire Cliniqa Corporation.[ 15] [ 16]
In March 2016, the company acquired Zephyrus Biosciences.[ 17] [ 18] [ 19]
In July 2016, the company acquired Space Import-Export.[ 20]
In August 2016, company acquired Advanced Cell Diagnostics for $250 million plus an additional $75 million in possible milestone payments.[ 21] [ 22] [ 23]
In September 2017, the company acquired Trevigen.[ 24] [ 25]
In January 2018, the company acquired Atlanta Biologicals.[ 26] [ 27]
In June 2018, the company agreed to acquire Quad Technologies.[ 28] [ 29]
In August 2018, the company acquired Exosome Diagnostics for $250 million plus up to an additional $325 million in milestone payments.[ 30]
In June 2019, the company acquired B-Mogen.[ 31] [ 32]
In April 2021, the company acquired Asuragen for $215 million plus up to an additional $105 million in milestone payments.[ 33]
In June 2022, the business announced it would acquire Namocell Inc.[ 34]
In June 2023, Bio-Techne announced it would acquire Lunaphore Technologies SA,[ 35] [ 36]
References
^ a b c "Bio-Techne Corporation FY 2024 Annual Report (Form 10-K)" . U.S. Securities and Exchange Commission . August 22, 2024.^ "Board Of Directors Appoints Charles Kummeth As Chief Executive Officer And Director Of Techne Corporation" (Press release). PR Newswire . March 18, 2013.^ Resende, Patricia (July 23, 2013). "Techne Corp. completes $104M cash purchase of Bionostics, names new CTO" . American City Business Journals ^ "Local company news" . Star Tribune ^ "Techne Corporation Announces New Trade Name, Bio-Techne" . PR Newswire . February 10, 2014.^ "Bio-Techne Announces Acquisition Agreement" . PR Newswire . April 15, 2014.^ Hammerand, Jim (April 15, 2014). "Techne has deal to buy Chinese genetics firm" . American City Business Journals ^ "Bio-Techne Acquires Novus Biologicals for $60M" . genengnews.com ^ "Bio-Techne Announces Agreement to Acquire Novus Biologicals for $60M" . The Wall Street Journal ^ "Bio-Techne Announces Agreement To Acquire Novus Biologicals" . PR Newswire . July 2, 2014.^ "Bio-Techne Announces ProteinSimple Acquisition Completion" (Press release). PR Newswire . August 1, 2014.^ "Bio-Techne Announces Agreement To Acquire CyVek" (Press release). PR Newswire . November 4, 2014.^ "Bio-Techne to Acquire CyVek for Up to $195M+" . genengnews.com ^ "Wallingford's CyVek acquired by Minnesota company" . New Haven Register ^ "Bio-Techne Corporation Agrees to Acquire Cliniqa Corporation" (Press release). PR Newswire . June 5, 2015.^ "Cliniqa Now Owned by Bio-Techne" . genengnews.com ^ "Bio-Techne Corporation Agrees to Acquire Zephyrus Biosciences, Inc" (Press release). PR Newswire . March 21, 2016.^ "Bio-Techne Acquires Zephyrus Biosciences" . genengnews.com ^ "Bio-Techne Acquires Zephyrus Biosciences" . The Wall Street Journal ^ "Bio-Techne Acquires Space Import-Export And Strengthens European Leadership Team" (Press release). PR Newswire . July 1, 2016.^ "Bio-Techne Corporation Completed its Acquisition of Advanced Cell Diagnostics" (Press release). PR Newswire . August 1, 2016.^ "Bio-Techne to Acquire Advanced Cell Diagnostics for Up to $325M" . genengnews.com ^ Al Idrus, Amirah (July 7, 2016). "MedTech Bio-Techne shells out $250M for Advanced Cell Diagnostics" . FierceBiotech ^ "Bio-Techne Acquires Trevigen Inc" (Press release). PR Newswire . September 5, 2017.^ Bakolia, Ravikash (September 5, 2017). "Bio-Techne acquires privately held Trevigen" . S&P Global ^ "Bio-Techne Acquires Atlanta Biologicals Inc" (Press release). PR Newswire . January 2, 2018.^ Carlson, Joe (January 2, 2018). "Bio-Techne buys Atlanta Biologicals in cash deal" . Associated Press ^ "Bio-Techne To Acquire Quad Technologies" (Press release). PR Newswire . June 7, 2018.^ Bakolia, Ravikash (June 7, 2018). "Bio-Techne to acquire privately held Quad Technologies" . S&P Global ^ "Bio-Techne Corporation Completed Its Acquisition of Exosome Diagnostics, Inc" (Press release). PR Newswire . August 1, 2018.^ "Bio-Techne To Acquire B-MoGen Biotechnologies Inc" (Press release). PR Newswire . June 4, 2019.^ Wittenberg, Alex (June 5, 2019). "Bio-Techne acquires Minneapolis gene-editing firm formed at U of M" . American City Business Journals ^ "Bio-Techne Completes Acquisition of Asuragen, Inc" (Press release). PR Newswire . April 6, 2021.^ "Bio-Techne to Acquire Namocell" . June 22, 2022.^ "BIO-TECHNE TO ACQUIRE LUNAPHORE :: Bio-Techne Corporation (TECH)" . June 22, 2023.^ "Bio-Techne Completes Lunaphore Acquisition" . July 10, 2023.
External links
