Lansing-based Neogen Corporation is doubling its research efforts in order to meet its plan to bring revenues to $200 million.
According to excerpts from the article:
The company said it will hire an additional 23 personnel by early fall.
"As we now plan to double our revenues toward $200 million, the need to also double our research and development efforts became obvious," said James Herbert, Neogen (nasdaq: NEOG - news - people )'s chairman and chief executive, in a statement. "With the rapid expansion of our revenue and worldwide presence has come a tremendous number of new opportunities for product development."
The company needs the larger staff to develop those opportunities, he said. Most additions will be in the company's Lansing, Mich., laboratories, though it will support new products for the Lexington, Ky.-based animal safety division, as well as research teams in Randolph, Wis., and Ayr, Scotland.
Read the entire article here.
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