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Bio-Techne Corporation Announces Sale of Exosome Diagnostics

In a significant strategic move, Bio-Techne Corporation (NASDAQ: TECH) has announced an agreement for Mdxhealth SA to acquire its Exosome Diagnostics Inc. business. This transaction encompasses prominent assets, such as the ExoDx Prostate (EPI) test and a CLIA-certified clinical laboratory, both of which are vital for prostate cancer diagnostics. The deal is part of Bio-Techne's plan to focus on scaling its innovative offerings in the life sciences sector.

Transaction Details

The acquisition marks a defining moment for both companies. Bio-Techne's President and CEO, Kim Kelderman, expressed confidence in Mdxhealth as the ideal purchaser of ExoDx Prostate and the corresponding laboratory. He stated, “Mdxhealth has made several strategic moves over the past few years to position the company as a leader in urology and prostate cancer diagnostics.” This collaboration is expected to not only accelerate Mdxhealth's standing in this market but also allow Bio-Techne to channel its resources into developing a wider range of high-value diagnostic tools.

Under the agreement, Bio-Techne will receive $5 million in Mdxhealth stock, with additional considerations tied to the future success of the ExoDx test under Mdxhealth's management. The transaction is anticipated to be finalized in the first quarter of Bio-Techne’s fiscal 2026.

Implications for Bio-Techne

By divesting a notable segment of its operations, Bio-Techne aims to solidify its foundation in developing innovative, high-margin products geared towards life science research and clinical diagnostics. This strategic shift allows for a stronger focus on their core competencies and enhances their operating margins, which are vital for maintaining competitive advantage in a rapidly evolving marketplace.

Kelderman highlighted the transaction’s importance by saying, “This repositioning of the portfolio enables Bio-Techne to direct additional investments to further strengthen this foundation, while creating an immediate uplift to our sector-leading operating margin profile.”

Mdxhealth's Perspective

From Mdxhealth's viewpoint, the acquisition aligns seamlessly with its mission to provide cutting-edge diagnostics in urology and prostate cancer. CEO Michael McGarrity stated, “The ExoDx Prostate test equips men with information to make better decisions and avoid unnecessary and potentially dangerous prostate biopsies.” During the transfer, Mdxhealth plans to leverage Bio-Techne's existing infrastructure to further enhance the scope and efficacy of the ExoDx test.

This acquisition reinforces Mdxhealth's strategic position as a frontrunner in the urology diagnostics space, enabling them to offer patients essential insights for informed healthcare decisions.

Looking Ahead

As part of their commitment to transparency and investor relations, Bio-Techne will discuss this transaction alongside their performance for the fourth quarter of fiscal 2025 during an upcoming earnings call. Scheduled for August 6, 2025, this discussion will shed light on the implications of the sale and what investors can expect moving forward.

This acquisition represents a compelling chapter for both Bio-Techne and Mdxhealth, indicating a broader trend of consolidation and strategic reevaluation in the diagnostics sector. As companies navigate these shifts, the focus on precision and efficiency will undoubtedly dictate the trajectory of future developments in the healthcare landscape.

The Bio-Techne sale not only reflects an evolution within its business model but also opens avenues for Mdxhealth to bolster its offerings in a competitive market, ultimately benefiting patients who require reliable and effective diagnostic solutions.