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BIO-TECHNE ANNOUNCES COMPLETION OF CELL AND GENE THERAPY CATAPULT PROCESS ANALYTICAL TECHNOLOGY (PAT) CONSORTIUM Bio-Techne Corporation (NASDAQ: TECH) today announced it has completed its participation in the Cell and Gene Therapy Catapult Process Analytical...

Key Takeaway: Bio-Techne Corporation has completed its participation in the Cell and Gene Therapy Catapult Process Analytical Technology consortium. This multi-year initiative involved 24 partner organizations and aims to develop specific analytical technologies for cell and gene therapies. The project seeks to foster collaborations among academia, industry, and healthcare to promote innovation in the field. Bio-Techne's involvement highlights its commitment to advancing therapies that could enhance treatment outcomes for diseases with limited effective options.

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POSITIVE FACTORS

  • Successful completion of the Cell and Gene Therapy Catapult PAT consortium.
  • Collaboration with 24 partner companies to advance innovative therapies.
  • Recognition as a leader in innovative tools for measuring cytokines.
  • Potential to significantly improve patient outcomes with advanced therapies.

Full Press Release Details

MINNEAPOLIS , March 15, 2023 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH ) today announced it has completed its participation in the Cell and Gene Therapy Catapult Process Analytical Technology (Catapult PAT) consortium, a multi-year collaboration involving 24 partner companies, technology providers, therapy developers, and charities. The Catapult PAT consortium is the first initiative of this scale and functional expertise with member companies and organizations collaborating to develop cell and gene therapy-specific process analytical technologies.
"As a leader in the forefront of innovative tools to measure cytokines, we are honored to be a part of the Catapult PAT initiative to help advance cell and gene therapy development," said Will Geist , President of Bio-Techne's Protein Sciences Segment. "Bio-Techne remains excited about the potential of these advanced therapies to improve patient outcomes and treat a wide range of diseases that currently have very poor or ineffective treatments."
Established by Innovate UK, the Cell and Gene Therapy Catapult fosters collaborations between academia, industry, and healthcare providers to develop new technology and drive innovation. Catapult experts cover all aspects of advanced therapies, from research and development to clinical adoption and every step in between.
About Bio-Techne Bio-Techne Corporation (NASDAQ: TECH ) is a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic communities. Bio-Techne products assist scientific investigations into biological processes and the nature and progress of specific diseases. They aid in drug discovery efforts and provide the means for accurate clinical tests and diagnoses. With thousands of products in its portfolio, Bio-Techne generated approximately $1.1 billion in net sales in fiscal 2022 and has approximately 3,000employees worldwide. For more information on Bio-Techne and its brands, please visit http://www.bio-techne.com
About Bio-Techne Corporation (NASDAQ: TECH ) Contact: David Clair , Vice President, Investor Relations and Corporate Development [email protected] 612-656-4416
SOURCE Bio-Techne Corporation

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Frequently Asked Questions

What is the Cell and Gene Therapy Catapult PAT consortium?

The Catapult PAT consortium is a collaboration of 24 companies and organizations focused on developing process analytical technologies for cell and gene therapy.

Who leads the Protein Sciences Segment at Bio-Techne?

Will Geist is the President of Bio-Techne's Protein Sciences Segment.

What is Bio-Techne's expertise in gene therapy?

Bio-Techne specializes in innovative tools for measuring cytokines, aiding in cell and gene therapy advancement.

What is Bio-Techne's fiscal performance in 2022?

Bio-Techne generated approximately $1.1 billion in net sales in fiscal 2022.

How does Bio-Techne support drug discovery?

Bio-Techne provides products that facilitate scientific research and accurate clinical tests for drug discovery.

Last updated: Mar 15, 2023