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TECH Positive Sentiment Score: 85/100

BIO-TECHNE CELEBRATES MILESTONE WITH MORE THAN 1,000 ELLA™ INSTRUMENTS NOW IN OPERATION Bio-Techne Corporation (NASDAQ: TECH) today announced it that it has reached a significant milestone with more than 1,000 Ella™ automated immunoassay ...

Key Takeaway: Bio-Techne Corporation has reached a significant milestone by deploying over 1,000 Ella™ automated immunoassay instruments, reflecting increased demand in scientific and clinical research. The Ella platform simplifies workflows and improves efficiency by reducing manual processes, leading to more reliable biomarker analysis. The system's ability to rapidly produce analyzed data enhances research capabilities across multiple therapeutic areas. Bio-Techne also boasts a growing menu of over 250 analytes, further solidifying its position in the life sciences market.

Market Sentiment Analysis

POSITIVE FACTORS

  • More than 1,000 Ella™ instruments now in operation.
  • High level of assay reproducibility and data quality.
  • Ella platform accelerates time to result and increases lab efficiencies.
  • Rapidly growing assay menu supporting various therapeutic areas.

Full Press Release Details

MINNEAPOLIS , April 5, 2023 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH ) today announced it that it has reached a significant milestone with more than 1,000 Ella™ automated immunoassay instruments now in the field. The achievement is a testament to the growing demand across scientific and clinical research sectors for a fast and efficient immunoassay solution capable of delivering precise, and reliable biomarker analysis.
Manufactured under Bio-Techne's ProteinSimple™ brand, the simple automated workflow of the Ella platform eliminates the tedious manual process associated with running a traditional immunoassay, helping to accelerate time to result, increase lab efficiencies and reduce human error. The reduction in manual steps results in a high level of assay reproducibility and data quality, both critical factors across research and translational applications.
Also helping to drive demand for Ella is the speed in which fully analyzed data can be produced, enabling researchers to get more data in less time while ensuring long-term data consistency. Automation not only improves the efficiency of critical quality steps along the discovery to commercialization continuum but also helps remove many potential sources of variability or operator bias to provide more accurate and reliable results.
Ella assays are powered by R&D Systems®, the recognized 30-year global leader for high quality antibodies, proteins, and ELISA kits. Ella has a rapidly growing assay menu consisting of over 250 analytes and expanding to support therapeutic areas across neuroscience, cell and gene therapy, immunology, and cancer.
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 3,000 employees worldwide. For more information on Bio-Techne and its brands, please visit https://www.bio-techne.com or follow the Company on social media at: Facebook , LinkedIn , Twitter or YouTube
Contact: David Clair , Vice President, Investor Relations & Corporate Development [email protected] 612-656-4416
SOURCE Bio-Techne Corporation

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Frequently Asked Questions

How many Ella™ automated immunoassay instruments are in use?

Over 1,000 Ella™ instruments are currently deployed.

What brand manufactures the Ella platform?

Ella is manufactured by Bio-Techne's ProteinSimple™ brand.

What benefits does Ella offer in lab workflows?

Ella streamlines assays, improving efficiency and reducing manual errors.

How many analytes does Ella's assay menu support?

Ella's assay menu features over 250 analytes.

What is Bio-Techne's primary focus?

Bio-Techne provides tools and reagents for research and clinical diagnostics.

Last updated: Apr 5, 2023