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Techne Corporation Releases Unaudited Third Quarter Results for Fiscal Year 2009
Date:4/28/2009

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.

                                    TECHNE CORPORATION
                           CONSOLIDATED STATEMENTS OF EARNINGS
                          (In thousands, except per share data)
                                        (Unaudited)

                                      QUARTER ENDED      NINE MONTHS ENDED
                                    3/31/09    3/31/08   3/31/09    3/31/08
                                    -------    -------   -------    -------
    Net sales                       $67,866    $69,522  $199,066   $189,651
    Cost of sales                    14,316     14,146    40,832     39,001
                                     ------     ------    ------     ------
    Gross margin                     53,550     55,376   158,234    150,650
                                     ------     ------   -------    -------
    Operating expenses:
       Selling, general and
        administrative                7,061      8,994    25,604     27,729
       Research and development       5,809      5,839    17,565     16,582
       Amortization of intangible
        assets                          240        283       720        853
                                        ---        ---       ---        ---
          Total operating expenses   13,110     15,116    43,889     45,164
                                     ------     ------    ------     ------
    Operating income                 40,440     40,260   114,345    105,486
    Other income (expense):
       Interest inco
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SOURCE Techne Corporation
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