Core Insights - Bio-Techne reported second-quarter fiscal 2025 adjusted earnings per share (EPS) of 42 cents, exceeding the Zacks Consensus Estimate by 10.5% and improving from 40 cents in the prior year [1][10] - The company's net sales reached $297.0 million, reflecting a 9% year-over-year increase and surpassing the Zacks Consensus Estimate by 4.1% [3][10] - The operating margin expanded significantly by 202 basis points to 16% during the reported quarter [6][10] Financial Performance - Adjusted EPS for the quarter was 42 cents, while GAAP EPS was reported at 22 cents, compared to 17 cents in the same quarter last year [2][10] - Gross profit increased by 9.8% to $193.9 million, with a gross margin of 65.3%, up 50 basis points despite a 7.4% rise in cost of sales [6][10] - Selling, general and administrative expenses rose by 5% to $121.4 million, while research and development expenses totaled $25 million, up 9.2% year over year [6][10] Segment Performance - In the Protein Sciences segment, revenues were $211.6 million, a 7% increase year over year, with an 8% organic growth [4][10] - The Diagnostics and Genomics segment saw sales improve by 12% to $84.1 million, maintaining a 12% organic growth [5][10] Capital Structure - At the end of the second quarter, Bio-Techne had cash and equivalents of $177.5 million, up from $152.9 million at the end of the first quarter [7] - Long-term debt obligations decreased to $300 million from $319 million at the end of the previous quarter [7] Operational Insights - Cumulative net cash provided by operating activities was $148.2 million, compared to $142.5 million a year ago [8] - Management indicated that the start of fiscal 2025 aligned with expectations, highlighting improvements in the biopharma end-market and strong results in the cell and gene therapy business [11][10]

Financial Data and Key Metrics Changes - Adjusted EPS for Q2 was $0.42, compared to $0.40 in the prior year, with GAAP EPS at $0.22 versus $0.17 last year [42] - Q2 revenue reached $297 million, marking a 9% year-over-year increase on both reported and organic bases [43] - Adjusted gross margin was 70.5%, up from 69.7% last year, driven by favorable product mix and productivity initiatives [47] - Adjusted operating margin for Q2 was 30.1%, up 110 basis points sequentially and flat compared to the prior year [47] Business Line Data and Key Metrics Changes - Biopharma sales increased mid-teens, with notable strength in bulk GMP and reagent orders [12] - Academic end markets delivered mid-single-digit revenue growth, despite a challenging comparison from the prior year [14] - Protein sciences segment reported sales of $211.6 million, with organic revenue increasing 8% [52] - Diagnostics and spatial biology segment sales were $84.1 million, with both reported and organic growth increasing 12% [54] Market Data and Key Metrics Changes - Sales in the Americas grew low double digits, driven by strong demand from cell therapy customers [15] - EMEA region also grew low double digits, with the automated protein analysis portfolio growing over 20% [15] - Sales in China declined low single digits due to a challenging economic environment, but expectations for modest positive growth in Q3 remain [17][18] Company Strategy and Development Direction - Company focuses on three major challenges: enabling discovery of novel biological insights, supporting development of advanced therapeutics, and enabling precision diagnostics [11] - Continued emphasis on M&A as a priority for capital allocation, particularly in areas related to analytical platforms and advanced therapeutics [51][83] - The company is optimistic about the long-term modernization of healthcare in China and aims to play a key role in this evolution [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in ongoing recovery in biopharma markets, particularly from large pharma customers [58] - Anticipated organic growth for Q3 is in the upper range of mid-single digits, with expectations for a return to growth in China [61] - Management noted that the recent strength in large pharma spending is a positive sign for broader R&D funding in 2025 [58] Other Important Information - The company launched four new designer proteins during Q2, bringing the total to six, with expectations for a steady cadence of new launches [33] - The spatial biology business continues to progress with the launch of the comet system, which is expected to have high consumable pull-through [35][36] Q&A Session Summary Question: Can you elaborate on the pull forward seen in cell and gene therapy GMP products? - Management noted that large orders were pulled into Q2 from Q3, indicating strong traction in cell and gene therapy [71] Question: What are the growth expectations for GMP reagents next quarter? - Management indicated that while growth may not match the previous quarter's surge, underlying growth remains strong [150] Question: How did Wilson Wolf perform in the quarter? - Management reported consistent growth in Wilson Wolf's core business, with expectations for solid double-digit growth in 2025 [165] Question: What is the outlook for the academic market given NIH concerns? - Management stated that NIH exposure is minimal, with academic growth rates improving despite external noise [95][82]

Techne (TECH) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this maker of medical testing and diagnostic products would post earnings of $0.38 per share when it actually produced earnings of $0.42, delivering a surprise of 10.53%.Over the ...

BIO-TECHNE RELEASES SECOND QUARTER FISCAL 2025 RESULTS [Second Quarter FY2025 Highlights](index=1&type=section&id=Second%20Quarter%20FY2025%20Highlights) Bio-Techne reported strong Q2 FY2025 results with significant organic revenue growth and improved GAAP and adjusted EPS. Key Financial Highlights | Metric | Q2 FY2025 | Q2 FY2024 | Change (YoY) | | :-------------------------------- | :-------- | :-------- | :----------- | | Organic Revenue Growth | 9% | - | +9% | | Reported Revenue | $297.0M | - | +9% | | GAAP EPS | $0.22 | $0.17 | +29.4% | | Adjusted EPS | $0.42 | $0.40 | +5.0% | | Protein Sciences Organic Growth | 8% | - | +8% | | Diagnostics & Spatial Biology Organic Growth | 12% | - | +12% | [CEO Commentary](index=1&type=section&id=CEO%20Commentary) CEO Kim Kelderman highlighted strong Q2 execution, noting biopharma market improvements and improved adjusted operating margin. - Early signs of improvement observed in the biopharma end-market, specifically in cell and gene therapy and protein analysis instrumentation businesses[5](index=5&type=chunk) - Achieved a **30.1% adjusted operating margin**, representing an increase of **110 basis points** sequentially[5](index=5&type=chunk) - Bio-Techne's portfolio empowers discovery of novel biological insights, development and manufacturing of advanced therapeutics, and enables precision diagnostics, playing a key role in healthy aging[5](index=5&type=chunk) [Conference Call Information](index=1&type=section&id=Conference%20Call%20Information) Bio-Techne hosted an earnings conference call on February 5, 2025, with a rebroadcast available for a month. - Earnings conference call held on February 5, 2025, at 8:00 a.m. CST[5](index=5&type=chunk) - A recorded rebroadcast is available from February 5, 2025, until March 5, 2025[6](index=6&type=chunk) [Second Quarter Fiscal 2025 Financial Performance](index=2&type=section&id=Second%20Quarter%20Fiscal%202025%20Financial%20Performance) Bio-Techne demonstrated strong Q2 FY2025 financial performance with increases in GAAP and non-GAAP metrics. [Revenue](index=2&type=section&id=Revenue) Net sales and organic revenue showed robust growth in Q2 FY2025. Net Sales and Organic Revenue Growth | Metric | Q2 FY2025 | Q2 FY2024 | Change (YoY) | | :--------- | :-------- | :-------- | :----------- | | Net Sales | $297.0M | $272.6M | +9% | | Organic Revenue | +9% | - | +9% | [GAAP Earnings Results](index=2&type=section&id=GAAP%20Earnings%20Results) GAAP EPS and operating income significantly improved in Q2 FY2025, favorably impacting operating margin. GAAP Earnings Performance | Metric | Q2 FY2025 | Q2 FY2024 | Change (YoY) | | :---------------- | :-------- | :-------- | :----------- | | GAAP EPS | $0.22 | $0.17 | +29.4% | | GAAP Operating Income | $47.4M | $38.0M | +25% | | GAAP Operating Margin | 16.0% | 13.9% | +2.1 pp | - GAAP operating margin was favorably impacted by volume leverage and a non-recurring prior year impairment of a business held-for-sale[9](index=9&type=chunk) [Non-GAAP Earnings Results](index=2&type=section&id=Non-GAAP%20Earnings%20Results) Adjusted EPS increased, while adjusted operating margin remained flat due to incentive compensation accruals. Non-GAAP Earnings Performance | Metric | Q2 FY2025 | Q2 FY2024 | Change (YoY) | | :------------------- | :-------- | :-------- | :----------- | | Adjusted EPS | $0.42 | $0.40 | +5.0% | | Adjusted Operating Income | $88.7M | $81.9M | +8% | | Adjusted Operating Margin | 30.1% | 30.1% | 0.0 pp | - Adjusted operating margin remained flat, impacted by favorable volume leverage offset by re-instatement of incentive compensation accruals[10](index=10&type=chunk) [Segment Results](index=2&type=section&id=Segment%20Results) Bio-Techne's segments showed varied performance, with Protein Sciences growing and Diagnostics & Spatial Biology sales increasing. [Protein Sciences Segment](index=2&type=section&id=Protein%20Sciences%20Segment) The Protein Sciences segment reported solid growth in net sales and organic revenue, improving its operating margin. - Leading supplier of specialized proteins, immunoassays, antibodies, and reagents to biopharma and academic research[12](index=12&type=chunk) Protein Sciences Segment Performance | Metric | Q2 FY2025 | Q2 FY2024 | Change (YoY) | | :---------------- | :-------- | :-------- | :----------- | | Net Sales | $211.6M | $197.7M | +7% | | Organic Revenue Growth | 8% | - | +8% | | Operating Margin | 41.2% | 40.3% | +0.9 pp | - Operating margin increased primarily due to volume leverage, offset by re-instatement of incentive compensation accruals[12](index=12&type=chunk) [Diagnostics and Spatial Biology Segment](index=2&type=section&id=Diagnostics%20and%20Spatial%20Biology%20Segment) The Diagnostics and Spatial Biology segment achieved strong sales growth but experienced a decreased operating margin. - Develops spatial biology products, carrier screening and oncology kits, exosome-based diagnostics, and various reagents for the in vitro diagnostic market[13](index=13&type=chunk) Diagnostics and Spatial Biology Segment Performance | Metric | Q2 FY2025 | Q2 FY2024 | Change (YoY) | | :---------------- | :-------- | :-------- | :----------- | | Net Sales | $84.1M | $75.4M | +12% | | Organic Revenue Growth | 12% | - | +12% | | Operating Margin | 3.9% | 6.0% | -2.1 pp | - Operating margin decreased primarily due to re-instatement of incentive compensation accruals, partially offset by favorable volume leverage[13](index=13&type=chunk) [Use of non-GAAP Adjusted Financial Measures](index=3&type=section&id=Use%20of%20non-GAAP%20Adjusted%20Financial%20Measures) Bio-Techne uses non-GAAP measures for additional operating insights and internal performance evaluation. - Non-GAAP measures are provided as additional information for operating results, internal performance evaluation, financial and operational decisions, and incentive compensation[14](index=14&type=chunk) - Organic revenue excludes revenue from acquisitions within the preceding 12 months, foreign currency impact, businesses held-for-sale, and partially-owned consolidated subsidiaries[15](index=15&type=chunk) - Adjusted gross margin, operating margin, EBITDA, and net earnings exclude stock-based compensation, costs from acquired inventory sales, amortization of acquisition intangibles, restructuring costs, acquisition-related expenses, certain litigation charges, investment gains/losses, and specific income tax adjustments[16](index=16&type=chunk)[17](index=17&type=chunk)[18](index=18&type=chunk) - Key non-GAAP measures include Organic revenue, Adjusted diluted EPS, Adjusted net earnings, Adjusted tax rate, Adjusted gross margin, Adjusted operating income, Adjusted operating margin, EBITDA, and Adjusted EBITDA[19](index=19&type=chunk) [Forward Looking Statements](index=4&type=section&id=Forward%20Looking%20Statements) This press release contains forward-looking statements subject to risks and uncertainties impacting actual results. - Forward-looking statements involve risks and uncertainties that may affect the actual results of operations[21](index=21&type=chunk) - Important factors include new branding, business integration, product acceptance, customer research funding, competition, economic conditions, currency fluctuations, and R&D efforts[21](index=21&type=chunk) - Investors are advised to review 'Risk Factors' in the Company's Form 10-K and 10-Q reports and are cautioned not to place undue emphasis on these statements, as the company undertakes no obligation to update them[22](index=22&type=chunk) [Company Overview](index=4&type=section&id=Company%20Overview) Bio-Techne is a global life sciences company providing innovative tools and reagents for research and diagnostics. - Bio-Techne is a global life sciences company providing innovative tools and bioactive reagents for research and clinical diagnostic communities[23](index=23&type=chunk) - Products assist in scientific investigations into biological processes and the nature and progress of specific diseases, aiding in drug discovery and providing means for accurate clinical tests and diagnoses[23](index=23&type=chunk) Company Key Statistics | Metric | Value | | :---------------- | :------------ | | FY2024 Net Sales | ~$1.2 billion | | Employees Worldwide | ~3,100 | [Consolidated Financial Statements (Unaudited)](index=5&type=section&id=Consolidated%20Financial%20Statements%20(Unaudited)) This section presents Bio-Techne's unaudited consolidated financial statements, detailing earnings, balance sheets, and cash flow. [Consolidated Statements of Earnings](index=5&type=section&id=Consolidated%20Statements%20of%20Earnings) This table details the company's consolidated statements of earnings for Q2 and six months of FY2025 and FY2024. Consolidated Statements of Earnings (Unaudited) | Metric (in thousands) | Q2 FY2025 (12/31/2024) | Q2 FY2024 (12/31/2023) | 6 Months FY2025 (12/31/2024) | 6 Months FY2024 (12/31/2023) | | :---------------------- | :--------------------- | :--------------------- | :--------------------------- | :--------------------------- | | Net Sales | $297,031 | $272,598 | $586,489 | $549,533 | | Cost of sales | $103,145 | $96,011 | $209,586 | $187,755 | | Gross margin | $193,886 | $176,587 | $376,903 | $361,778 | | Total Operating Expenses | $146,467 | $138,583 | $289,497 | $267,912 | | Operating income | $47,419 | $38,004 | $87,406 | $93,866 | | Net earnings | $34,890 | $27,465 | $68,490 | $78,459 | | Diluted EPS | $0.22 | $0.17 | $0.42 | $0.49 | [Consolidated Condensed Balance Sheets](index=6&type=section&id=Consolidated%20Condensed%20Balance%20Sheets) This table presents the company's consolidated condensed balance sheets as of December 31, 2024, and June 30, 2024. Consolidated Condensed Balance Sheets (Unaudited) | Metric (in thousands) | 12/31/2024 | 6/30/2024 | | :---------------------- | :--------- | :-------- | | Total current assets | $634,640 | $617,419 | | Total assets | $2,670,424 | $2,703,867| | Total current liabilities | $161,256 | $159,379 | | Long-term debt obligations | $300,000 | $319,000 | | Stockholders' equity | $2,078,492 | $2,068,850| | Total liabilities and stockholders' equity | $2,670,424 | $2,703,867| [Condensed Cash Flow](index=11&type=section&id=Condensed%20Cash%20Flow) This table outlines the company's condensed cash flow for the six months ended December 31, 2024, and 2023. Condensed Cash Flow (Unaudited) | Metric (in thousands) | 6 Months FY2025 (12/31/2024) | 6 Months FY2024 (12/31/2023) | | :------------------------------------ | :--------------------------- | :--------------------------- | | Net cash provided by operating activities | $148,235 | $142,499 | | Net cash used in investing activities | $(26,716) | $(177,781) | | Net cash used in financing activities | $(95,408) | $(9,887) | | Net increase (decrease) in cash and cash equivalents | $25,758 | $(50,439) | | Cash and cash equivalents at end of period | $177,549 | $130,132 | [Reconciliation of Non-GAAP Financial Measures (Unaudited)](index=7&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures%20(Unaudited)) This section provides detailed reconciliations of GAAP to non-GAAP financial measures, enhancing investor transparency. [Reconciliation of Adjusted Gross Margin Percentage](index=7&type=section&id=Reconciliation%20of%20Adjusted%20Gross%20Margin%20Percentage) This table reconciles GAAP gross margin to adjusted gross margin percentage for Q2 and six months of FY2025 and FY2024. Reconciliation of Adjusted Gross Margin Percentage | Metric (in thousands) | Q2 FY2025 (12/31/2024) | Q2 FY2024 (12/31/2023) | 6 Months FY2025 (12/31/2024) | 6 Months FY2024 (12/31/2023) | | :---------------------- | :--------------------- | :--------------------- | :--------------------------- | :--------------------------- | | Gross margin - GAAP | $193,886 | $176,587 | $376,903 | $361,778 | | Gross margin percentage - GAAP | 65.3% | 64.8% | 64.3% | 65.8% | | Adjusted gross margin | $208,163 | $189,990 | $407,760 | $387,442 | | Adjusted gross margin percentage | 70.5% | 69.7% | 70.0% | 70.5% | [Reconciliation of Adjusted Operating Margin Percentage](index=7&type=section&id=Reconciliation%20of%20Adjusted%20Operating%20Margin%20Percentage) This table reconciles GAAP operating income to adjusted operating margin percentage for Q2 and six months of FY2025 and FY2024. Reconciliation of Adjusted Operating Margin Percentage | Metric (in thousands) | Q2 FY2025 (12/31/2024) | Q2 FY2024 (12/31/2023) | 6 Months FY2025 (12/31/2024) | 6 Months FY2024 (12/31/2023) | | :---------------------- | :--------------------- | :--------------------- | :--------------------------- | :--------------------------- | | Operating income - GAAP | $47,419 | $38,004 | $87,406 | $93,866 | | Operating income percentage - GAAP | 16.0% | 13.9% | 14.9% | 17.1% | | Adjusted operating income | $88,711 | $81,945 | $171,943 | $168,834 | | Adjusted operating margin percentage | 30.1% | 30.1% | 29.5% | 30.7% | [Non-GAAP Adjusted Consolidated Net Earnings and Earnings per Share](index=8&type=section&id=Non-GAAP%20Adjusted%20Consolidated%20Net%20Earnings%20and%20Earnings%20per%20Share) This table reconciles GAAP net earnings to non-GAAP adjusted net earnings and EPS for Q2 and six months of FY2025 and FY2024. Non-GAAP Adjusted Consolidated Net Earnings and EPS | Metric (in thousands, except per share) | Q2 FY2025 (12/31/2024) | Q2 FY2024 (12/31/2023) | 6 Months FY2025 (12/31/2024) | 6 Months FY2024 (12/31/2023) | | :-------------------------------------- | :--------------------- | :--------------------- | :--------------------------- | :--------------------------- | | Net earnings before taxes - GAAP | $42,876 | $33,387 | $83,047 | $82,945 | | Non-GAAP adjusted net earnings | $68,127 | $63,716 | $135,658 | $129,759 | | Earnings per share - diluted - Adjusted | $0.42 | $0.40 | $0.84 | $0.81 | [Non-GAAP Adjusted Tax Rate](index=8&type=section&id=Non-GAAP%20Adjusted%20Tax%20Rate) This table compares GAAP effective tax rate with non-GAAP adjusted tax rate for Q2 and six months of FY2025 and FY2024. Non-GAAP Adjusted Tax Rate | Metric | Q2 FY2025 (12/31/2024) | Q2 FY2024 (12/31/2023) | 6 Months FY2025 (12/31/2024) | 6 Months FY2024 (12/31/2023) | | :-------------------- | :--------------------- | :--------------------- | :--------------------------- | :--------------------------- | | GAAP effective tax rate | 18.6% | 17.7% | 17.5% | 5.4% | | Non-GAAP adjusted tax rate | 21.5% | 22.0% | 21.5% | 22.0% | [Segment Revenue](index=9&type=section&id=Segment%20Revenue) This table presents revenue breakdown by Protein Sciences and Diagnostics and Spatial Biology segments for Q2 and six months of FY2025 and FY2024. Segment Revenue (Unaudited) | Segment (in thousands) | Q2 FY2025 (12/31/2024) | Q2 FY2024 (12/31/2023) | 6 Months FY2025 (12/31/2024) | 6 Months FY2024 (12/31/2023) | | :----------------------- | :--------------------- | :--------------------- | :--------------------------- | :--------------------------- | | Protein Sciences segment revenue | $211,551 | $197,670 | $416,086 | $402,325 | | Diagnostics and Spatial Biology segment revenue | $84,135 | $75,408 | $167,327 | $148,204 | | Consolidated revenue | $297,031 | $272,598 | $586,489 | $549,533 | [Segment Operating Income](index=9&type=section&id=Segment%20Operating%20Income) This table details operating income for Protein Sciences and Diagnostics and Spatial Biology segments for Q2 and six months of FY2025 and FY2024. Segment Operating Income (Unaudited) | Segment (in thousands) | Q2 FY2025 (12/31/2024) | Q2 FY2024 (12/31/2023) | 6 Months FY2025 (12/31/2024) | 6 Months FY2024 (12/31/2023) | | :----------------------- | :--------------------- | :--------------------- | :--------------------------- | :--------------------------- | | Protein Sciences segment operating income | $87,112 | $79,586 | $167,653 | $167,947 | | Diagnostics and Spatial Biology segment operating income | $3,240 | $4,556 | $7,517 | $5,082 | | Adjusted operating income | $88,711 | $81,945 | $171,943 | $168,834 | | Operating income | $47,419 | $38,004 | $87,406 | $93,866 | [Reconciliation of GAAP Net Income to Adjusted EBITDA](index=10&type=section&id=Reconciliation%20of%20GAAP%20Net%20Income%20to%20Adjusted%20EBITDA) This table reconciles GAAP net earnings to EBITDA and adjusted EBITDA for Q2 and six months of FY2025 and FY2024. Reconciliation of GAAP Net Income to Adjusted EBITDA | Metric (in thousands) | Q2 FY2025 (12/31/2024) | Q2 FY2024 (12/31/2023) | 6 Months FY2025 (12/31/2024) | 6 Months FY2024 (12/31/2023) | | :---------------------- | :--------------------- | :--------------------- | :--------------------------- | :--------------------------- | | Net earnings | $34,890 | $27,465 | $68,490 | $78,459 | | EBITDA | $70,760 | $64,704 | $140,318 | $146,804 | | Adjusted EBITDA | $96,111 | $93,228 | $191,824 | $190,577 |

MINNEAPOLIS, Feb. 5, 2025 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) announced that its Board of Directors has decided to pay a dividend of $0.08 per share for the quarter ended December 31, 2024. The quarterly dividend will be payable February 28, 2025, to all common shareholders of record on February 17, 2025. Future cash dividends will be considered by the Board of Directors on a quarterly basis. Bio-Techne Corporation (NASDAQ: TECH) is a global life sciences company providing innovative tools ...

MINNEAPOLIS, Feb. 5, 2025 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today reported its financial results for the second quarter ending December 31, 2024.Second Quarter FY2025 Highlights Second quarter organic revenue increased by 9% (9% reported) to $297.0 million. GAAP earnings per share (EPS) was $0.22 versus $0.17 one year ago. Delivered adjusted EPS of $0.42 compared to $0.40 one year ago. Improving biopharma end-market conditions combined with continued momentum of our cell and gene therapy ...

MINNEAPOLIS, Feb. 4, 2025 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today announced the appointment of Amy E. Herr, Ph.D. to serve as an independent director on the Company's Board of Directors beginning on February 1, 2025. Dr. Herr will serve on the Science & Technology Committee of the Board of Directors.Dr. Herr is a Chancellor's Professor of Bioengineering at the University of California, Berkeley. Dr. Herr also currently serves as the Vice President of the Chan Zuckerberg Biohub Network, a ...

Bio-Techne Corporation (TECH) is set to release its second-quarter fiscal 2025 results on Feb. 5, before the opening bell.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The life science and diagnostic product maker posted adjusted earnings per share (EPS) of 42 cents in the last reported quarter, which exceeded the Zacks Consensus Estimate by 10.53%. The company topped earnings estimates in two of the trailing four quarters and missed in the other two, the average surprise being 1.55 ...

Company Overview - CMBTECH is a diversified maritime group owning and operating over 160 seagoing vessels including crude oil tankers dry bulk vessels container ships chemical tankers offshore wind vessels tugboats and ferries [2] - The company also provides hydrogen and ammonia fuel to customers through its own production or third-party producers [2] - Headquartered in Antwerp Belgium with offices across Europe Asia the United States and Africa [3] - Listed on Euronext Brussels and the NYSE under the ticker symbol CMBT [3] Recent Transactions - CMBTECH sold several vessels generating a total capital gain of 4652 million USD [1] - Suezmax Cap Lara (2007 158826 dwt) sold for a capital gain of 1877 million USD with delivery scheduled for Q1 2025 [1] - VLCC Alsace (2012 299999 DWT) delivered to new owner with a capital gain of approximately 275 million USD to be booked in Q1 2025 [2] - Windcat 6 sold after 18 years of service generating a capital gain of 025 million USD with delivery expected by end of January 2025 [2] Upcoming Announcement - CMBTECH will announce its Q4 2024 results on 27 February 2025 [2]

ST. PAUL, Minn., Jan. 21, 2025 /PRNewswire/ -- ScaleReady, in collaboration with Wilson Wolf Manufacturing, Bio-Techne Corporation and CellReady, today announced that BrainChild Bio has been awarded a $300,000 G-Rex® Grant. The G-Rex® Grant will support expeditious process development and commercial readiness of BCB-276, BrainChild Bio's lead autologous CAR-T therapy for the treatment of diffuse intrinsic pontine glioma (DIPG), an incurable type of pediatric brain tumor. BrainChild Bio plans to advance BCB- ...