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Bio-Techne Opens New Customer Experience Centre in Germany
ZACKS· 2025-03-31 15:01
Company Developments - Bio-Techne Corporation has opened a new Customer Experience Centre in Düsseldorf, Germany, aimed at enhancing customer service across the EMEA region and supporting long-term growth [1] - The new centre is set to open in the first half of 2026 and will complement the existing Demonstration Laboratory in the UK, chosen for its strategic location in a thriving life sciences sector [2] - The facility will feature a state-of-the-art Demonstration Laboratory showcasing Bio-Techne's full instrument portfolio, including the recently launched Leo System and the COMET spatial biology platform [3] Industry Prospects - The life science market is projected to grow at a compound annual growth rate (CAGR) of 10.28% from 2024 to 2033, driven by technological advancements, demand for personalized medicine, and increased R&D investments [4] Other Developments - Bio-Techne's brand Asuragen has partnered with Oxford Nanopore Technologies to launch the AmplideX Nanopore Carrier Plus Kit, a new genetic panel for carrier screening research [5] - The company has expanded its RNAscope in situ hybridization probes portfolio to over 70,000 unique probes across more than 450 species, enhancing spatial biology research [6] Competitive Landscape - Competitor QIAGEN N.V. has enhanced its QIAcuity dPCR system, doubling the number of targets analyzed from a single sample, and partnered with Genomics England for the 100,000 Genomes Project [8] - Thermo Fisher Scientific's Olink Explore Platform has been selected for the UK Biobank Pharma Proteomics Project, aiming to analyze over 5,400 proteins from 600,000 samples [9] - Bio-Rad has made advancements in its ddPCR platform and invested in Geneoscopy for a non-invasive colorectal cancer screening test [11]
TECH Stock Might Rise Following the Leo Shipping Announcement
ZACKS· 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].