Neogen Profit Falls On Fewer Food Contamination Crises, Higher Acquisition CostsNeogen Corp. makes products that test for contamination and other biotech information in food and livestock. A year ago, amid outbreaks of food contamination, the company reported record profits. This year, for the second quarter of its fiscal year, which ended Nov. 30, the company reported lower net income despite higher sales due to what a top executive called a year of "clean crops." Acquisition expenses also played a part.
Neogen Acquires Scidera GenomicsNeogen Corp. (Nasdaq: NEOG) announced today that it has acquired the assets of Scidera Genomics LLC, an animal genomics business based in Davis, Calif. The company, formerly operated as MetaMorphix Inc., or MMI Genomics, was a pioneer in the development of cattle, poultry, swine, and canine genetic testing.