Zacks Investment Research | Jul 10, 2017 10:16PM ET
Headquartered in Lansing, MI, Neogen Corporation (NASDAQ:NEOG) has been making consistent efforts to expand its Food Safety Division business. In line with this, this food and animal safety products maker recently developed Listeria Right Nowtest system.
This system detects all species ofListeria (including the pathogenic L. monocytogenes) in environmental samples within 60 minutes through their ribosomal RNA (rRNA), without enriching the samples.
NSF International has confirmed that the test system identifies low levels of Listeria in environmental samples faster than other available cultural methods with better sensitivity. The evaluation determined that under the conditions employed in the study, the enrichment-free Listeria Right Now method is as sensitive as the enrichment-based culture reference method. To further validate its accuracy, the test is under review for AOAC Performance Tested certification.
Per management, Listeria contamination in the environment can now be detected and dealt with by implementing quick remedies so that the quality and safety of a food product is not compromised. Listeria Right Now test system helps companies to check the growth of potentially dangerous cultures in their facilities during the testing process and also avoid the storing of test cultures for potential follow-up testing.
With growing awareness worldwide, the food safety testing market is expanding in leaps and bound. According to a report by Markets and Markets, this market is estimated to reach a worth of $17.16 billion by 2021, at a CAGR of 7.4% from 2016. Factors like global increase in foodborne illnesses and implementation of strict food safety regulations are driving the market. We believe the latest development should open up opportunities for Neogen within this space.
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