Neogen sells tools that help keep food and animals safe, but it’s running into a rough patch as customers cut back and the company struggles to merge a major acquired business smoothly. See why tougher rules, digital security costs, and fierce competition could keep pressure on profits even as new food-safety testing needs and overseas growth offer a path back to steadier results.Read more
Neogen rides a wave of tougher food-safety rules and growing concern about contamination, which could push more labs and food producers to use its testing tools. The big question is whether it can smooth out messy integration and cost issues from a major acquisition fast enough to turn that demand into steadier profits.Read more
Neogen could get a boost as tougher food safety rules and rising demand for protein push more companies and regulators to test for harmful bacteria more often. But the story depends on the company fixing integration and production problems while keeping up with faster-moving competitors and trade-related disruptions.Read more
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Neogen Corporation develops, manufactures, and markets various products and services for food and animal safety in the United States and internationally. It operates through Food Safety and Animal Safety segments. The company offers diagnostic test kits and complementary products to detect dangerous and/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns for food producers and processors. It also provides reagents and test kits used in immunoassay production, forensic and animal toxicology, and life science research; unique colorimetric and chemiluminescent substrates for research use; veterinary instruments and delivery systems used for administering antibiotics and vaccines under the Ideal and Prima Tech brands; and precision instruments designed for injections, topical and oral administration, artificial insemination, and animal identification for farmers, ranchers, and veterinarian under the Prima Tech brand. In addition, the company offers digestive aids and nutritional supplements; Natural Vitamin E-AD to address vitamin deficiencies in swine, cattle, and sheep; RenaKare; companion animal parasiticides under Provecta brand; BotVax B; EqStim; ImmunoRegulin, used in dogs to assist in managing pyoderma; companion animal parasiticides under the Provecta brand; rodent and insect control products under the Ramik, CyKill, Havoc, Prozap, SureKill, and StandGuard brands. Further, it markets Uniprim, a veterinary antibiotic; operates sgenomics labs offering DNA genotyping, sequencing, and trait analysis for livestock and companion animals; and provides software systems that help testers to analyze and store results and perform analysis on the results from multiple locations over extended periods. Neogen Corporation was incorporated in 1981 and is headquartered in Lansing, Michigan.
