Neogen Corp. (NEOG) announced that it has acquired the BioKits food safety business of Gen-Probe Inc. (GPRO). The acquisition includes more than 50 test kits for food allergens, meat and fish speciation, and plant genetics.
Gen-Probe elected to divest the food safety business of Tepnel as it did not fit into its long-term strategic plans.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.