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TECH

Bio-Techne

$180.49

-1.78 (-0.98%)

08:31
10/12/18
10/12
08:31
10/12/18
08:31

Bio-Techne signs strategic cooperation agreement with Micropoint Bioscience

Bio-Techne has entered into a strategic cooperation agreement with Micropoint Bioscience of Shenzhen, China. Chuck Kummeth, President and CEO of Bio-Techne, Yan Pingyi, Chairman of Micropoint Bioscience, and Wang Bin, Executive Vice President, Shenzhen Association of Medical Devices, all attended the meeting and signing ceremony. Micropoint Bioscience is a high-tech, newly-listed enterprise in China that has developed a microfluidic diagnostic chip for point-of-care testing. POC testing is revolutionizing healthcare by accelerating the speed of diagnosis and, subsequently, the administration of treatment. It also gives medical providers the ability to test and treat individuals who do not have access to a health care facility. The microfluidic diagnostic chip from Micropoint Bioscience will advance POC testing by shrinking tests so that only minimal volumes of samples and reagents are required. Bio-Teche is a leading provider of high-quality consumables and instruments for the life science and molecular diagnostic markets. Its antibody product lines are used to functionalize both research and diagnostic instruments and are core components to many biomarker assay platforms including the ProteinSimple-branded Ella, a microfluidic-based instrument that is a fully automated multianalyte immunoassay platform. Working together, Bio-Techne and Micropoint Bioscience will further strengthen the integration of this microfluidic technology in order to develop better and more accurate POC diagnostic tools for precision medicine in China.

  • 06

    Nov

TECH Bio-Techne
$180.49

-1.78 (-0.98%)

10/02/18
ARGS
10/02/18
NO CHANGE
Target $230
ARGS
Buy
Bio-Techne price target raised to $230 from $210 at Argus
Argus analyst David Toung raised his price target on Bio-Techne to $230 and kept his Buy rating, saying the company appears to be on track for ongoing "solid" revenue growth thanks to the domestic and international demand for its products. The analyst is also positive on Bio-Techne's continued expansion through acquisitions such as its recent purchase of Quad Technologies, producing advanced reagents for clinical and research use, and Exosome Diagnostics, marketing a noninvasive liquid biopsy diagnostic test for prostate cancer. Tough further cites the company's internal development, including its "recent initiative to advance cell and gene therapy research and ex vivo cell processing".
08/08/18
CHLM
08/08/18
NO CHANGE
Target $215
CHLM
Buy
Bio-Techne price target raised to $215 from $160 at Craig-Hallum
Craig-Hallum analyst Matt Hewitt raised his price target for Bio-Techne to $215 from $160, while reiterating a Buy rating on the shares. The analyst notes that the company added two avenues for growth via the recent acquisitions of Exosome Diagnostics and Quad Technologies. With these companies added to the fold, Bio-Techne suddenly becomes well positioned around oncology with solutions that address research, diagnostics, and therapy needs as the company migrates closer to the patient, he contends.
08/08/18
BARD
08/08/18
NO CHANGE
Target $191
BARD
Outperform
Bio-Techne price target raised to $191 from $162 at Baird
Baird analyst Catherine Ramsey Schulte raised her price target on Bio-Techne to $191 from $162 following Q4 results. The analyst said the end market commentary remained positive and guidance was solid. She continues to have a positive outlook on the company's core business and believes its recent acquisitions could drive upside over time. Schulte reiterated her Outperform rating on Bio-Techne shares.
08/08/18
LEER
08/08/18
NO CHANGE
Target $190
LEER
Outperform
Bio-Techne price target raised to $190 from $160 at Leerink
Leerink analyst Puneet Souda raised his price target for Bio-Techne to $190 from $160 following a "strong" quarter. The analyst reiterates an Outperform rating on the shares as he believes its consumables-heavy portfolio remains differentiated, contributing to above-industry growth and margins in his Life Science Tools coverage universe.

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