Neogen Corporation (NEOG) Reports 34% Increase in Net Income, 23% Increase in Revenues
Neogen Corporation (NEOG), headquartered in Lansing, Michigan, develops and markets products dedicated to food and animal safety. The company's Food Safety Division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, genetic modifications, food allergens, drug residues, plant diseases and sanitation concerns. Neogen's Animal Safety Division markets a complete line of diagnostics, veterinary instruments, veterinary pharmaceuticals, nutritional supplements, disinfectants, and rodenticides. In the first week of January, Neogen announced its net income for the second quarter FY 2008 increased by 34% from the previous year’s second quarter. Net income in the quarter rose to $0.22…