Neogen Corp. was named to Fortune Magazineâ€™s list of the fastest growing small public companies in the United States during 2008. The list includes 100 companies and Neogen Corp came in 21st. Fortune Magazine considers revenue growth and stock performance measured over a multiyear period to compile the list, which is released annually.
Neogen Corp stock returned 21.6% to investors on an average annualized basis over the last three years. James Herbert, the CEO of Neogen Corp said, â€œWe are very pleased that this respected financial publication has once again recognized our company’s financial performance as one of the best in America.â€
Neogen Corp. was founded in 1982, and has several different divisions. The Food Safety Division designs and manufactures tests to detect bacteria, allergens and toxins in food and dairy products. The Animal Safety division designs and manufactures diagnostic and Veterinarian equipment and instruments for use in many different species including Equine, Cattle, Swine and Poultry. The Life Sciences division designs and manufactures drug detection assay kits for use in forensic applications.