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Techne Corporation Releases Unaudited Third Quarter Results for Fiscal Year 2011
Date:5/3/2011

o foreign currencies for the nine months ended March 31, 2010. Excluding the effect of changes in foreign currency exchange rates, consolidated net sales increased 7.8% and 5.7% for the quarter and nine months ended March 31, 2011, respectively, from the comparable prior-year periods.

Biotechnology net sales, which include sales by R&D Systems' Biotechnology Division, R&D Systems China and BiosPacific, were $49.9 million for the quarter ended March 31, 2011, an increase of 8.1% from $46.2 million for the quarter ended March 31, 2010.  North American biotechnology sales to industrial pharmaceutical and biotechnology customers increased 9.9% during the third quarter of fiscal 2011 as compared to the third quarter of fiscal 2010.  Biotechnology sales to academic customers, sales to Pacific Rim distributors and sales in China grew 6.4%, 3.3% and 46.0%, respectively, in the third quarter of fiscal 2011 as compared to the third quarter of fiscal 2010.  Biotechnology sales for the nine months ended March 31, 2011, were $141.0 million, an increase of 6.3% from $132.6 million for the nine months ended March 31, 2010.  North American biotechnology sales to industrial pharmaceutical and biotechnology customers increased 5.7% during the nine months ended March 31, 2011 as compared to the first nine months of fiscal 2010.  Biotechnology sales to academic customers, to Pacific Rim distributors, and sales in China grew 7.7%, 2.4% and 25.3%, respectively, in the first nine months of fiscal 2011.R&D Europe's net sales for the quarter and nine months ended March 31, 2011 were $21.2 million and $56.2 million, increases of 10.5% and 0.8%, respectively, from the same prior-year periods.  R&D Europe's net sales increased 8.4% and 4.4% for the quarter and nine months ended March 31, 2011 when measured at currency rates in effect in the comparable prior-year period. Hematology net sales for the quarter and nine months ended March 31, 201
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