Neogen

What Neogen does

Neogen Corporation (NASDAQ: NEOG), founded in 1982 and headquartered in Lansing, Michigan, is a publicly traded developer of food and animal safety testing products serving food processors, livestock producers, veterinary clinics, and diagnostic laboratories across global markets. The company's product portfolio spans rapid microbiological testing plates (Petrifilm with over 100 global regulatory validations), molecular pathogen detection systems (Neogen Molecular Detection System, Raptor, ANSR), ATP-based hygiene monitoring (AccuPoint Advanced, Clean-Trace, LM1 Luminometer), ELISA and lateral flow assays (Veratox VIP, Reveal), water testing (Colitag), enzyme and assay products (Megazyme), and animal safety solutions (Prozap insect control, D3X needles, Ramik rodent control, Neogen Vet HYCOAT). The genomics business (GeneSeek, including Igenity and InfiniSEEK) was divested to Zoetis for $160 million, completed in June 2026, refocusing the company on its core food and animal safety platforms.

Underlying technology centers on a platform-plus-products model anchored by the Neogen Analytics cloud platform, which connects instruments (Petrifilm Plate Reader Advanced, Soleris Next Generation, QCDM software v4.0.0 with Auth0 integration) into centralized data management, corrective action, and regulatory compliance workflows. The company sells through direct enterprise sales teams, authorized distribution partners, and a self-service e-commerce storefront (neogen.com), with Neogen Analytics available on annual subscription in standard and Essentials tiers. Revenue is generated primarily through instrument placements that drive recurring consumable sales (Petrifilm plates, ATP swabs, lateral flow strips, ELISA kits, reagents), supplemented by diagnostic laboratory services and software subscriptions.

Neogen's operating model was reshaped by the September 2022 merger with 3M's Food Safety business, a $5.3 billion transaction that nearly doubled scale and dramatically expanded the installed instrument base, but also materially increased leverage. Under new CEO Mike Nassif (August 2025) and CFO Bryan Riggsbee (November 2025), the company is executing a strategic transformation focused on commercial excellence, Petrifilm manufacturing integration (on track for Q2 FY2027), portfolio rationalization, and deleveraging — reducing net debt below $500 million and leverage to approximately 3x EBITDA following the Zoetis proceeds. FY2026 revenue is guided to $857-860 million with adjusted EBITDA margin expanding to 22.8% as of Q3 FY2026.

Name

Neogen

Legal name

Neogen Corporation

Website

https://neogen.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Neogen Corporation (NASDAQ: NEOG) develops food and animal safety testing products, including Petrifilm plates, molecular pathogen detection, ATP hygiene monitoring, and animal genomics. It serves food processors, livestock producers, veterinary clinics, and laboratories worldwide through direct sales and distribution.

Ownership category

akta.pro rank

Product category

Food Safety Testing

SIC

Agricultural Prod-Livestock & Animal Specialties (200)

akta.pro primary industry

Veterinary Drug & Antibiotic Residue Testing (AFALAFAB)

akta.pro secondary industries

Food Safety & Veterinary Public Health (Meat/Milk Inspection) (HLAMAJAJ), Health Certification, Compliance & Traceability Support (Movement Certs, QA Programs) (AFACALAI), Veterinary Public Health, Biosecurity & Disease Control Services (AFAEANAI)

Keywords

• Food safety testing
• Animal safety products
• Pathogen detection kits
• Molecular diagnostics
• Veterinary diagnostics

Headquarters

HQ city

Lansing

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Food Safety Products: Sale of food safety testing products including Petrifilm plates, pathogen detection kits, sanitation monitoring systems, and related instruments and consumables. Revenue is generated through direct sales and distribution channels to food processors, laboratories, and manufacturing facilities.
2. Animal Safety Products: Sale of animal safety products including genomic testing services, veterinary instruments, insect control products, and animal health solutions for livestock and companion animals.
3. Laboratory Services: Diagnostic laboratory services for food safety and animal health testing.
4. Software Subscriptions: Neogen Analytics cloud platform providing data management, corrective action workflows, and environmental monitoring for food safety operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Neogen develops, manufactures, and sells food safety and animal safety products including pathogen detection kits (Petrifilm plates, Molecular Detection System, Soleris), sanitation/hygiene monitoring systems (AccuPoint, Clean-Trace, ATP luminometers), allergen and mycotoxin assays (Reveal, Veratox), animal genomics (Igenity), veterinary instruments and hygiene products (Prozap, Ramik, Neogen Vet HYCOAT), and the Neogen Analytics cloud platform for centralized food safety data management. Revenue is generated by selling these instruments and consumables to food processors, laboratories, livestock producers, and veterinary professionals through direct sales and distributor networks.

Product overview

Neogen is a food and animal safety solutions company operating through a platform-plus-products model centered on the Neogen® Analytics cloud platform. The company offers an integrated portfolio of testing instruments (Petrifilm® Plate Reader Advanced, Neogen® Molecular Detection System, Soleris® Next Generation, Raptor®, LM1 Luminometer, AccuPoint® Advanced), consumable test products (Petrifilm® plates, Clean-Trace® ATP monitoring system, Reveal® lateral flow assays, Veratox® ELISA tests, Colitag™ water tests), genomics solutions (Igenity® Profiles, InfiniSEEK®), and animal safety products (Prozap® insect control, D3®X Needles, Ramik® rodent control, Neogen Farm Fluid MAX disinfectant). The Neogen Analytics platform serves as the central data management layer connecting instruments and test results, while acquired brands like Megazyme® expand capabilities in enzyme and assay products. The company operates across two primary segments: Food Safety and Animal Safety, with the genomics business (GeneSeek) currently being divested to Zoetis.

Differentiator

Problem solved

Functional benefit

Brands

• GeneSeek: Animal genomics business providing genetic testing services for livestock and pets
• Igenity
• Petrifilm
• Listeria Right Now
• Petrifilm Automated Feeder
• Prozap
• Neogen Vet HYCOAT
• Neogen Farm Fluid MAX

Products and services

• Petrifilm Ready-to-use sample-ready culture plates for rapid microbiological testing of food and environmental samples, detecting coliforms, E. coli, aerobic count, and other indicators for food processors and laboratories.
• Neogen Molecular Detection System Real-time isothermal nucleic acid amplification system for rapid detection of foodborne pathogens, used by food safety laboratories and processors for same-day pathogen testing.
• Clean-Trace Hygiene Monitoring System ATP (adenosine triphosphate) bioluminescence-based hygiene monitoring system for validating surface cleanliness and sanitation efficacy in food processing environments.
• AccuPoint Advanced Next-generation ATP detection sampler providing rapid surface cleanliness verification for food and beverage processing facilities.
• Petrifilm Plate Reader Advanced Automated plate reading instrument for Petrifilm plates that digitizes and quantifies microbiological test results, integrating with Neogen Analytics for centralized data management.
• Soleris Next Generation Real-time microbiological monitoring system using video imaging technology for rapid detection of organisms in food, nutraceutical, and personal care products.
• Neogen Analytics Cloud-based data management and environmental monitoring platform that enables food safety testing workflows, corrective action tracking, and regulatory compliance reporting across testing operations.
• Reveal Lateral flow immunoassay test system for detection of foodborne pathogens and contaminants including allergens, used by food processors and laboratories.
• Veratox VIP ELISA-based testing system for quantification of food allergens and mycotoxins, used by food processors and laboratories for allergen control programs.
• Megazyme Enzyme and assay products for food quality control, carbohydrate research, and diagnostic applications, including the Liquid Ready range.
• Colitag Water quality testing product for detection of coliforms and E. coli in drinking and environmental water samples, used by water utilities and food processors.
• Igenity Profiles Genomic profiling and testing solutions for livestock and companion animals, including beef and dairy applications, covering genetic trait evaluation, parentage testing, and breeding decisions.
• InfiniSEEK Next-generation sequencing solutions for animal genomics applications, used by livestock producers and breeders.
• Prozap Insect control and veterinary instrument products for livestock producers, including Prozap Insectrin X Concentrate and Prozap Screw Worm and Ear Tick Aerosol.
• D3X Needles DNA sampling equipment for livestock genetic testing and sample collection, used by livestock producers and veterinarians.
• Ramik Rodent control products for livestock and poultry operations, used by livestock producers and agricultural facilities.
• Neogen Farm Fluid MAX Dual-action disinfectant for agricultural environments combining pathogen-killing properties with surface cleaning functions, used by livestock producers and agricultural facilities.
• Listeria Right Now Rapid molecular test for Listeria delivering results in approximately two hours without enrichment, designed for food safety pathogen testing in processing environments.
• Petrifilm Automated Feeder Automated plate processing device that handles up to 300 Petrifilm plates per 33 minutes for high-volume food safety testing facilities.
• Laboratory Services Diagnostic laboratory services for food safety and animal health testing, providing reference laboratory analysis and molecular diagnostics to food processors and animal health customers.

Quantifiable outcome

• Petrifilm plates provide results in under 24 hours for pathogen detection
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

Two partnerships are on record, tiered major and minor.

• ZoetismajorStrategic or Co-development Partner · 2 March 2026Zoetis Inc. acquired Neogen's animal genomics business (GeneSeek) for $160 million. The transaction gives Zoetis access to advanced DNA testing capabilities for livestock and companion animals, including Igenity and GGP genomic portfolios. GeneSeek operates laboratories across five countries serving customers in over 120 countries. Neogen plans to use net proceeds for debt reduction.
• Performance Food GroupminorStrategic or Co-development PartnerNeogen Corporation formed a genomics partnership with Performance Food Group for livestock genetic testing services.

Scale indicators9 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• bioMérieux: Global leader in in vitro diagnostics and industrial microbiology (food pathogen testing), offering direct overlap with Neogen's pathogen detection, ELISA, and molecular testing platforms; bioMérieux is the largest pure-play comparable in food microbiology.
• Bureau Veritas: Testing, inspection and certification company with significant food and agricultural commodity testing services and product offerings; directly comparable to Neogen's food and animal safety testing portfolio.
• Bio-Rad Laboratories: Life sciences and clinical diagnostics company whose food microbiology and iQ-Check pathogen detection product lines directly compete with Neogen's molecular detection, ELISA, and Petrifilm product portfolios.
• Hygiena: Specialty ATP hygiene monitoring and rapid microbiology company; competes directly with Neogen's Clean-Trace and AccuPoint ATP sanitation verification product lines in food and beverage processing customers.
• Mérieux NutriSciences (NSF): Food safety testing, auditing and certification services business (now part of NSF) that competes directly with Neogen's laboratory services and Neogen Analytics offerings to food processors and retailers.

Broad incumbents

• Eurofins Scientific: Largest global food and feed testing services network and product testing platform; comparable as a broad incumbent operating across residue, contaminant, and microbiological testing that overlaps with Neogen's Veratox, Reveal, Soleris and laboratory services offerings.
• Thermo Fisher Scientific: Diversified life sciences and analytical instruments company with microbiology and food safety product lines; competes with Neogen in pathogen detection kits, instruments, and consumables as part of a much broader portfolio.
• SGS SA: Major TIC (testing, inspection, certification) provider serving food processors with residue, contaminant, and microbiology testing; competes head-to-head with Neogen on food safety service offerings.
• IDEXX Laboratories: Leading veterinary diagnostics and animal health testing company; directly comparable to Neogen's Animal Safety diagnostics, including livestock genomic and veterinary instrument product lines (and now overlapping with the business Neogen sold to Zoetis).
• Zoetis: Largest global animal health company; acquired Neogen's genomics business (GeneSeek) for $160M and competes with Neogen Animal Safety diagnostics, livestock genetics and veterinary instruments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/neogencorp
• YouTubeyoutube.com/user/NeogenCorp
• Facebookfacebook.com/188721034514170
• LinkedInlinkedin.com/company/neogen-corporation
• Instagraminstagram.com/neogencorp

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A36 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neogen