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Company:
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TECHNE CORP /MN/ (TECH)
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Form Type:
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8-K
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Filing Date:
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2/3/2009
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CIK:
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0000842023
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Address:
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614 MCKINLEY PL N E
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City, State, Zip:
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MINNEAPOLIS, Minnesota 55413
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Telephone:
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(612) 379-8854
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Fiscal Year:
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06/30
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Last Trade
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Last Trade:
$61.20
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Change:
0.01 (0.02%)
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Trade Time:
Feb 09
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Market Cap:
$2.28B
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Description of Business
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TECHNE Corporation and Subsidiaries (the Company) are engaged in the
development and manufacture of biotechnology products and hematology
calibrators and controls. These activities are conducted domestically through
its wholly-owned subsidiary, Research and Diagnostic (R&D) Systems, Inc.
Through its wholly-owned U.K. subsidiary, R&D Systems Europe Ltd. (R&D
Europe), the Company distributes biotechnology products throughout Europe.
R&D Systems Europe Ltd. has a sales subsidiary, R&D Systems GmbH, in Germany
and a sales office in France. In late fiscal 2007, the Company established a
subsidiary, R&D Systems China Co. Ltd. (R&D China), in Shanghai, China, to
distribute biotechnology products throughout China. The Company anticipates
fulfilling orders for all third-party Chinese distributors from R&D China
beginning in the second quarter of fiscal 2008.
R&D Systems acquired two subsidiaries effective July 1, 2005. Fortron Bio
Science, Inc.
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