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Tuesday, 07 July 2015 13:37

Lansing-based Neogen inks commercialization deal for ag testing technology

Written by  MiBiz Staff
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After working together since 2008, Lansing-based Neogen Corp. and Illumina Inc. of San Diego have extended a partnership to commercialize more genetic testing and sequencing technology for the agricultural industry.

In an agreement announced today, Illumina (Nasdaq: ILMN) will sell products made with custom technology from Neogen (Nasdaq: NEOG). The products will help screen animal DNA for variations related to performance traits and will be initially offered for the bovine, porcine and equine testing.

Terms of the agreement were not disclosed.

“While our own agrigenomics business has expanded more than 30 percent per year, including significant international growth, we recognize that our ability to consolidate novel genomic content and offer it through this arrangement will lead to faster world-wide genetic improvements for industry,” said Neogen Vice President of Corporate Development Jason Lilly in a statement.

The agreement covers primarily international testing labs that can’t afford or are restricted from sending samples to existing labs, Lilly stated. The company was already one of Illumina’s largest customers through its Lincoln, Neb.-based GeneSeek laboratory.

Read 1257 times Last modified on Tuesday, 21 July 2015 10:10

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