Neogen Corp
NASDAQ:NEOG
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Neogen Corp
Research & Development
Neogen Corp
Research & Development Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Research & Development | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Neogen Corp
NASDAQ:NEOG
|
Research & Development
-$21m
|
CAGR 3-Years
-8%
|
CAGR 5-Years
-9%
|
CAGR 10-Years
-9%
|
||
Haemonetics Corp
NYSE:HAE
|
Research & Development
-$59.7m
|
CAGR 3-Years
-13%
|
CAGR 5-Years
-13%
|
CAGR 10-Years
-2%
|
||
ICU Medical Inc
NASDAQ:ICUI
|
Research & Development
-$88.7m
|
CAGR 3-Years
-24%
|
CAGR 5-Years
-12%
|
CAGR 10-Years
-18%
|
||
Align Technology Inc
NASDAQ:ALGN
|
Research & Development
-$351.5m
|
CAGR 3-Years
-16%
|
CAGR 5-Years
-18%
|
CAGR 10-Years
-21%
|
||
Lantheus Holdings Inc
NASDAQ:LNTH
|
Research & Development
-$149.6m
|
CAGR 3-Years
-48%
|
CAGR 5-Years
-49%
|
CAGR 10-Years
-27%
|
||
Merit Medical Systems Inc
NASDAQ:MMSI
|
Research & Development
-$83.9m
|
CAGR 3-Years
-8%
|
CAGR 5-Years
-5%
|
CAGR 10-Years
-9%
|
Neogen Corp
Glance View
Founded in 1982, Neogen Corp. has steadily carved out its niche at the intersection of food safety and animal health, positioning itself as a vital player in agricultural diagnostics. The company's journey began in Lansing, Michigan, where it initially focused on innovative solutions to meet the growing demands of food safety and quality testing. By developing rapid tests for detecting foodborne bacteria and allergens, Neogen tapped into a critical market, addressing the increasing concerns about food safety amidst a complex global supply chain. This foundation in diagnostics set the stage for the growth Neogen would see over the ensuing decades. As Neogen expanded, it strategically diversified its offerings, moving beyond food safety into the broader realm of animal health. This expansion was not merely about developing products; it was about advancing the means by which farms and food producers monitor and ensure the health of their livestock and crops. The company's profits flow from the sale of its diagnostic products, which help minimize risks associated with food contamination and animal diseases. By providing a suite of solutions, from DNA testing for genetic traits and diseases in cattle to disinfectants and rodenticides that maintain farm hygiene, Neogen creates value for its clients by increasing their operational efficiency and safeguarding public health. This strategic blend of food safety and animal health products places Neogen at the heart of modern agricultural and food production systems, where safety and efficiency are paramount.
See Also
What is Neogen Corp's Research & Development?
Research & Development
-21m
USD
Based on the financial report for Aug 31, 2024, Neogen Corp's Research & Development amounts to -21m USD.
What is Neogen Corp's Research & Development growth rate?
Research & Development CAGR 10Y
-9%
Over the last year, the Research & Development growth was 25%. The average annual Research & Development growth rates for Neogen Corp have been -8% over the past three years , -9% over the past five years , and -9% over the past ten years .