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BIO-TECHNE ENDS COLLABORATION PROGRAM WITH AKOYA TO AUTOMATE RNASCOPE ON THE PHENOCYCLER FUSION Bio-Techne (NASDAQ: TECH), a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic...

Key Takeaway: Bio-Techne has announced the end of its collaboration program with Akoya to automate the RNAscope technology on the PhenoCycler Fusion system. Despite this development, the company remains committed to enhancing its RNAscope capabilities for spatial biology applications. Bio-Techne plans to accelerate the creation of a fully automated multiomics workflow and will continue to support customers using RNAscope assays alongside Akoya's Opal reagents and PhenoImager HT systems.
Price reaction · baseline $84.39 (2023-08-11 close) · 1 other TECH headline(s) in the window, move may be shared
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Market Sentiment Analysis

POSITIVE FACTORS

  • Bio-Techne is expanding RNAscope technology capabilities.
  • The company plans to develop a fully automated spatial multiomics workflow.
  • Continued support for customers utilizing RNAscope assays.

Full Press Release Details

"Bio-Techne remains focused on providing the greatest value to the spatial biology community," said Kim Kelderman , President of Bio-Techne's Diagnostics and Genomics Segment. "We are actively expanding the capabilities of our gold-standard RNAscope technology to enable greater utility in multiomic spatial applications and plan to accelerate the development and commercialization of the first fully automated and scalable spatial multiomics workflow on the Lunaphore COMET™ system."
Bio-Techne will continue to support its customers utilizing RNAscope assays in conjunction with Opal™ reagents and PhenoImager™ HT systems purchased from Akoya.
About Bio-Techne Corporation
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 2023 and has approximately 3,200 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 .

Frequently Asked Questions

What is Bio-Techne's focus in spatial biology?

Bio-Techne aims to enhance the spatial biology community by expanding its RNAscope technology.

What new system is Bio-Techne developing?

They are developing a fully automated spatial multiomics workflow on the Lunaphore COMET™ system.

How does Bio-Techne support RNAscope users?

Bio-Techne supports customers using RNAscope assays with Opal™ reagents and PhenoImager™ HT systems.

What does Bio-Techne provide for research and diagnostics?

Bio-Techne offers innovative tools and reagents that aid in biological research and clinical diagnostics.

What were Bio-Techne's net sales in 2023?

Bio-Techne generated approximately $1.1 billion in net sales in fiscal 2023.

Last updated: Aug 14, 2023