BUZZ-Bio-Techne rises on growth in its protein sciences unit

Reuters

02-05

BUZZ-Bio-Techne rises on growth in its protein sciences unit

** Biotech firm Bio-Techne's TECH.O shares rise 4.8% to $76 premarket

** TECH beat Q2 earnings estimates, driven by growth in its protein sciences unit that develops biological compounds for research, diagnostics, and cell and gene therapy

** The protein sciences unit's sales rose 7% to $211.6 mln

** Company reports Q2 adj profit of 42 cents per share, above analysts' est of 39 cents - LSEG

** Posts Q2 sales of $297 mln, above analysts' est of $285.7 mln - LSEG

** TECH fell ~6% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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