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Neogen Acquires Brazilian Animal Genomics Company
USAgNet - 04/28/2016

Neogen Corporation announced that it has acquired Brazil-based Deoxi Biotecnologia Ltda (Deoxi) - a leading animal genomics laboratory in the country with the most cattle in the world.

The acquisition of Deoxi is intended to help accelerate the growth of Neogen's GeneSeek animal genomics in Brazil, which is home to more than 200 million cattle (as a comparison, the United States is home to approximately 90 million cattle). Deoxi was founded in 2008, and was a competitor of Neogen's in the livestock genomics market.

With both state-of-the-art animal genetic facilities and comprehensive bioinformatics to interpret genetic test results, Neogen offers animal owners unparalleled identity and trait determination and analysis. For example, Neogen can provide a cattle producer with DNA test results that can predict that animal's performance in the herd on such traits as the ability to gain weight, pregnancy rate, calving ease, and susceptibility to disease. Neogen provides veterinary genomic solutions for cattle, both beef and dairy, swine, sheep, dogs, and poultry.

The company's Neogen do Brasil subsidiary was established in 2009, and has recorded double-digit growth in both its food safety and animal safety revenues. Terms of the agreement were not disclosed.


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