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Techne Corporation Releases Unaudited Second Quarter Results for Fiscal Year 2008

ual report on Form 10-K and quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements we make in this release due to new information or future events. Investors are cautioned not to place undue emphasis on these statements.

Techne Corporation has two operating subsidiaries: Research and Diagnostic Systems, Inc. (R&D Systems) of Minneapolis, Minnesota and R&D Systems Europe, Ltd. (R&D Europe) of Abingdon, England. R&D Systems is a specialty manufacturer of biological products. R&D Systems has two subsidiaries, BiosPacific, Inc. (BiosPacific), located in Emeryville, California and R&D Systems China Co. Ltd., (R&D China), located in Shanghai, China. BiosPacific is a worldwide supplier of biologics to manufacturers of in vitro diagnostic systems and immunodiagnostic kits. R&D China and R&D Europe distribute biotechnology products.



(In thousands, except per share data)



12/31/07 12/31/06 12/31/07 12/31/06

Net sales $62,142 $52,509 $120,129 $104,860

Cost of sales 12,751 10,714 24,855 21,951

Gross margin 49,391 41,795 95,274 82,909

Operating expenses:

Selling, general and

administrative 10,645 8,830 18,735 15,897

Research and development 5,562 5,044 10,743 9,899

Amortization of intangible

assets 282 404 570 807

Total operating expenses 16,489 14,278 30,048 26,603

Operating inco

SOURCE Techne Corporation
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