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Neogen
Neogen Corp. () is an international food safety company that provides test kits and relevant products to detect dangerous substances in food. The company was founded in 1981 and is based in Lansing, Michigan. The company serves a wide range of countries including Canada, United States, the United Kingdom, parts of Europe, Mexico and Brazil, etc. As of March 2014, the company has a market capitalization of $1.65 billion with an enterprise value of $1.57 billion. The company operates a product line of over 100 drug detection test kits worldwide for the detection of about 300 abused and therapeutic drugs in animal treatment. In 2009, it became a vendor of Chinese government and has been engaged in research China-specific food safety and plant health issues.
==History==
The company was founded by Herbert D. "Ted" Doan and James L. Herbert in 1981 as an investment project by Michigan State University. Due to the $50,000 investment by the university, Michigan State retained 30% of the company shares in the early years after its founding. The purpose of the company was to help strengthen the biotechnology community in Lansing and the state as a whole, which had no large biotech companies at the time, and to help retain molecular biologists within the state.〔Kenney (1988), pp. 83-84〕 One of the earliest acquisitions for the company was Ideal Instruments Inc. in 1985 in order to utilize their production of veterinarian tools.
In 2010, Neogen acquired the genomics-focused company GeneSeek in order to expand their focus on animal genomes and proper heredity and breeding, especially in regards to cattle.
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