NEOGEN CORP

Neogen Corporation develops, manufactures, and markets a diverse line of products and services focused on food and animal safety. Its Food Safety segment primarily offers diagnostic test kits and complementary products, such as culture media, to food and animal feed producers and processors. These products help preserve food safety and quality by preventing contamination and foodborne illnesses from pathogens, spoilage organisms, natural toxins, food allergens, and ruminant by-products, and also ensure general hygiene in food manufacturing. The company also provides products to determine food quality and nutritional components. Most test kits are consumable, single-use, culture, immunoassay, and nucleic acid detection products utilizing proprietary antibodies and RNA and DNA testing methodologies for rapid and accurate results. Food safety services include advanced software systems for objective analysis, storage, and identification of emerging issues from test results across multiple locations over extended periods. On September 1, 2022, Neogen combined with 3M Company's Food Safety Division (FSD) in a Reverse Morris Trust transaction, with FSD products now reported in the Food Safety segment. Following this transaction, pre-merger Neogen Food Safety Corporation stockholders owned approximately 50.1% of Neogen common stock, and pre-merger Neogen shareholders owned approximately 49.9%. Neogen's Animal Safety segment develops, manufactures, markets, and distributes veterinary instruments, pharmaceuticals, vaccines, topicals, parasiticides, diagnostic products, rodent control products, cleaners, disinfectants, insect control products, and genomics testing services for the worldwide animal safety market. Most of these consumable products are marketed through veterinarians, retailers, livestock producers, and animal health product distributors.