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TECH Stock Might Rise Following the Leo Shipping Announcement
ZACKSยท 2025-03-12 12:00
Core Insights - Bio-Techne Corporation has launched the Leo System, which utilizes Simple Western Technology to enhance bioanalytical workflows, allowing for faster market introduction of next-generation therapies [1][2]. Company Overview - Bio-Techne has a market capitalization of $9.24 billion, with a Zacks Consensus Estimate indicating a 5.1% year-over-year increase in fiscal 2025 earnings and a 5.5% revenue improvement [3]. Product Details - The Leo System can process up to 100 samples in a single 3-hour run, providing the necessary precision and reproducibility for regulatory submissions [4]. - Leo improves upon existing Simple Western platforms by enhancing sample throughput and protein quantitation reproducibility, and it includes advanced software for compliance with regulatory standards [5]. Customer Reception - Early adopters and beta testers have reported positive feedback on Leo's performance, data quality, and its applicability in various research areas, including clinical biomarker studies and gene therapy assays [6]. Industry Prospects - The global western blotting market is valued at $1.97 billion in 2024, with a projected compound annual growth rate (CAGR) of 6.01% from 2025 to 2030, driven by increasing research initiatives in biotech and pharma sectors [7]. Recent Developments - Bio-Techne's Asuragen brand has partnered with Oxford Nanopore Technologies to launch a new genetic panel for carrier screening research [10]. - The company has also expanded its RNAscope in situ hybridization probes, now covering over 70,000 unique probes across more than 450 species to support spatial biology research [11].