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Neogen Corporation (NEOG) Acquires GeneSeek Inc.



4/1/2010 8:11:43 AM

LANSING, Mich., April 1 /PRNewswire-FirstCall/ -- Neogen Corporation announced today that it had purchased all the outstanding shares of GeneSeek, Inc., of Lincoln, Neb. GeneSeek is considered the leading commercial agricultural genetics laboratory in the United States.

"Neogen has added to its genomic capability during the past year to speed the development of food and animal safety diagnostic tests, as well as develop novel intervention tools to solve food and animal safety problems," said James Herbert, Neogen's chief executive officer and chairman. "The addition of GeneSeek provides a significant, immediate advancement in this capability."

"We are very pleased to become a part of Neogen, and look forward to joining Neogen's mission of developing and marketing solutions for food and animal safety," said Abe Oommen, GeneSeek's president. "GeneSeek's chief scientific advisor Daniel Pomp and I started this business 12 years ago, and have grown it to the point where it makes sense for our shareholders and employees to join a larger company with the resources to continue this growth and expand our market opportunities."

Neogen Corporation develops and markets products dedicated to food and animal safety. The company's Food Safety Division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, genetic modifications, food allergens, drug residues, plant diseases and sanitation concerns. Neogen's Animal Safety Division markets a complete line of diagnostics, veterinary instruments, veterinary pharmaceuticals, nutritional supplements, disinfectants, and rodenticides.

Neogen Corporation


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