Company Overview
Bio-Techne Corporation is a leading American life sciences company that has established itself as a critical partner in advancing biomedical research and diagnostics worldwide. Based in Minneapolis, Minnesota, Bio-Techne develops, manufactures, and sells life science reagents, instruments, and services for the research, diagnostic, and bioprocessing markets. With over 3,000 employees across 34 global locations and an extensive catalog of over 500,000 products, the company serves pharmaceutical, biotech, academic, and diagnostic markets globally.
The company operates through two primary segments: Protein Sciences (representing approximately 75% of revenue) and Diagnostics and Genomics (25% of revenue). Bio-Techne integrates prestigious life science research brands including R&D Systems, Novus Biologicals, and Tocris Bioscience, leading the global research community in best-in-class reagent manufacturing for antibodies, ELISAs, recombinant proteins, and chemical probes. Their portfolio includes over 6,000 recombinant and natural proteins spanning 35 species, produced in various host expression systems.
A key differentiator for Bio-Techne is its proprietary Aladdin platform for risk management and its strong position in spatial biology through the RNAscope technology (acquired with Advanced Cell Diagnostics in 2016) and the COMET automation platform (acquired with Lunaphore in 2023). The company's Advanced Cell Diagnostics (ACD) brand features the proprietary RNAscope Technology, positioned at the forefront of cell- and tissue-based diagnostic tests for personalized medicine. Bio-Techne's analytical instrument portfolio includes ProteinSimple protein analysis instruments that perform everything from automated immunoassays to systems that probe the structure and purity of protein-based therapeutics.
In fiscal year 2024, Bio-Techne reported revenue of $1.19 billion with a market capitalization of approximately $9.59 billion. The company has demonstrated consistent growth through strategic acquisitions and organic expansion, launching approximately 800 new products in 2024 alone. Bio-Techne's EPIC values (Empowerment, Passion, Innovation, and Collaboration) form the backbone of its corporate culture, fostering an environment where diversity drives innovation and employees are empowered to contribute to advancing science to the next level of possibility.
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Bio-Techne is recognized as a market leader in the Healthcare Tech sector, demonstrating strong industry presence and customer trust.
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