This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Neogen Licenses Cargill Patents

LANSING, Mich., Jan. 13, 2014 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that it has licensed patents owned by Cargill, Inc. and Branhaven LLC considered key for genomic evaluation to improve traits in beef and dairy cattle. The technology, known as BeefGen, identifies key genomic tools to improve both meat and milk production.

"This agreement allows Neogen unencumbered access to extensive cattle genomic analytic and bioinformatic knowledge amassed by Cargill researchers and their partners," said Dr. Jason Lilly, Neogen's vice president of corporate development. "This access to the intellectual property developed by one of the world's largest protein producers through years of research should significantly add to our efforts to continue providing the most useful and innovative animal genomic tools for worldwide cattle producers."

Neogen, through its GeneSeek subsidiary, will use the licensed technology as it continues to work with cattle seed stock breeders, cow/calf operators, feedlot operators, and dairy producers to improve their herds through genetic-based scientific data that will be used for selection of future animal generations.

"Cargill is excited to enter into this license agreement with Neogen to ensure that the work started over a decade ago by Cargill and its partners is utilized in the market place more broadly. The genetic testing and bioinformatic application of thousands of cattle made the technology and its patents possible," said George Kwasniak, Cargill's vice president of business development. "With Neogen's already existing business we believe this will allow them to effectively leverage the years of work done by Cargill and its partners."

For beef producers, these genetic tools help identify animals best suited to optimize weight gain, tenderness, carcass quality, and meat yields that are critical in the maximization of value of each animal harvested. Furthermore, the technology assists in identifying genetically superior animals for breeding purposes that will in turn produce high quality offspring.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.91 +93.33 0.53%
S&P 500 2,081.34 +12.58 0.61%
NASDAQ 4,997.4590 +5.5190 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs