GREATER MANCHESTER, England - Neogen (NASDAQ:NEOG) Corporation (NASDAQ: NEOG) has introduced a new disinfectant, Neogen Farm Fluid MAX, to the Great Britain market, with plans to expand its availability across Europe. The product, part of the company's pathogen control line, is designed to combat protozoa in farm conditions, specifically targeting the coccidiosis-causing oocysts.
Neogen Farm Fluid MAX is an extension of the existing Farm Fluid product range and is engineered to work within Neogen's Pathogen Programme. It has been tested against various strains of Eimeria oocysts, including those responsible for coccidiosis in poultry, with results showing the capability to inactivate both sporulated and non-sporulated forms at a 2% dilution rate.
Andy Hughes, Senior Director of Animal Safety for Neogen in the EMEA region, emphasized the product's effectiveness in difficult farm environments, citing its formulation with chlorocresol (CMK), additional biocides, solvents, and surfactants. The product is intended for use in a variety of settings, including animal housing and sanitation points like wheel and boot dips, and is noted for its stability when exposed to direct sunlight.
Neogen recommends using Farm Fluid MAX on clean, dry surfaces for best results, and as part of a comprehensive pathogen control regimen. This includes a three-step process beginning with cleaning surfaces with Farm-Foam EVO, followed by an initial application of Neogen Viroxide Super disinfectant, and concluding with Farm Fluid MAX.
The announcement of Neogen Farm Fluid MAX's launch is based on a press release statement from the company.
InvestingPro Insights
As Neogen Corporation (NASDAQ: NEOG) makes strides in expanding its product offerings in the Great Britain market, the company's financial health and stock performance provide an interesting backdrop to these developments. Here's a glimpse into Neogen's financial landscape using real-time data and insights from InvestingPro:
InvestingPro Data shows that Neogen's market capitalization stands at $2.71 billion, reflecting the scale of the company in the competitive landscape. Despite facing challenges, the company's revenue growth over the last twelve months as of Q2 2024 has been impressive at 45.66%, indicating a robust expansion in its business operations. However, it's important to note that Neogen's P/E Ratio (Adjusted) is relatively high at 121.99, which may suggest that the stock is trading at a premium compared to earnings.
From the InvestingPro Tips, two key points stand out. Firstly, Neogen is expected to see net income growth this year, which is a positive sign for potential investors looking for companies with an upward trajectory in profitability. Secondly, the company's liquid assets exceed its short-term obligations, providing it with a cushion to manage its short-term liabilities and invest in growth opportunities like the launch of Neogen Farm Fluid MAX.
Additionally, it is worth mentioning that Neogen is trading near its 52-week low, which could present a potential entry point for investors who believe in the company's long-term value proposition and are looking for a moment to invest.
For readers interested in a deeper analysis, there are more InvestingPro Tips available, which can be found by visiting https://www.investing.com/pro/NEOG. To enhance your experience, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 7 additional InvestingPro Tips listed for Neogen, providing a comprehensive view of the company's financial health and market position.
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