Neogen Corporation (NEOG) Stock

Neogen Corporation, along with its subsidiaries, specializes in the development, manufacturing, and global marketing of products geared towards food and animal safety. The company operates through two main segments: Food Safety and Animal Safety.

In the Food Safety segment, Neogen provides diagnostic test kits and related products designed to detect various harmful substances and contaminants in food and animal feed. These include foodborne pathogens, spoilage organisms, natural toxins, allergens, genetic modifications, and residues from pesticides and drugs. One notable product is the AccuPoint Advanced rapid sanitation test, which identifies adenosine triphosphate (ATP) to assess cleanliness levels. Neogen serves a wide range of customers in the food and feed industries, as well as pharmaceutical, cosmetic, and veterinary sectors.

The Animal Safety segment focuses on delivering a comprehensive array of veterinary instruments, pharmaceuticals, vaccines, topicals, parasiticides, diagnostic products, rodenticides, cleaners, disinfectants, insecticides, and genomics testing services. These offerings cater to various needs within the animal safety market, including researchers studying biologically active substances and drug detection in farm and racing animals. Neogen's products also support sanitary conditions and mitigate risks associated with bacteria, fungi, and viruses.

Founded in 1981 and headquartered in Lansing, Michigan, Neogen Corporation has established itself as a leader in both the food and animal safety sectors globally. The company's commitment to innovation and rigorous testing solutions underscores its mission to ensure the safety and integrity of food supplies and animal health worldwide.