Neogen Voluntarily Recalls Hycoat Product
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
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Should l Buy NEOG?
Neogen is voluntarily recalling all lots within expiry of Neogen Vet Hycoat Hyaluronate Sodium Sterile Solution, for use in dogs, cats, and horses, to the veterinarian level. Neogen distributes this product, which is manufactured by a third-party supplier. This recall has been initiated due to microbial contamination in certain lots of 10 mL/50 mg product vials. Neogen received a number of reports of adverse events in horses following intraarticular injections of this product, which is inconsistent with its labeled, intended use. To date, Neogen has not received reports of adverse events when used in a manner consistent with the labeled use. While the company's investigation into this issue is ongoing, out of an abundance of caution the 2mL/20mg product vials are also being recalled. The company is proactively working with the FDA on this matter. This product is labeled as a sterile solution, but due to microbial contamination of certain lots, the recalled lots should no longer be considered sterile. The risk is particularly acute when used as an intraarticular injection, inconsistent with its labeled, intended use. No other Neogen products are affected by this field action.
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Analyst Views on NEOG
Wall Street analysts forecast NEOG stock price to fall
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 9.650
Low
6.50
Averages
8.17
High
10.00
Current: 9.650
Low
6.50
Averages
8.17
High
10.00
About NEOG
Neogen Corporation and subsidiaries are engaged in developing, manufacturing and marketing a diverse line of products and services dedicated to food and animal safety. The Company has developed comprehensive solutions spanning the Food Safety, Livestock, and Pet Health & Wellness markets. Its segments include Food Safety and Animal Safety. The Food Safety segment is primarily engaged in the development, production and marketing of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation. The Animal Safety segment is primarily engaged in the development, production and marketing of products dedicated to animal safety, including a complete line of consumable products marketed to veterinarians and animal health product distributors. This segment also provides genomic identification and related interpretive bioinformatic services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Adverse Event Reports: The company has received multiple reports of adverse events in horses following intraarticular injections, although no issues have been reported when used as intended, highlighting the risks associated with improper use of the product.
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- Collaboration with FDA: Neogen is proactively working with the FDA on this recall and is notifying distributors and direct customers via email to ensure the safe return of all recalled products, reflecting the company's commitment to compliance and safety.
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Neogen (NEOG) Q2 2026 Earnings Call Transcript
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- Price Fluctuation: NEOG shares hit a low of $9.145, with the current trading price at $9.43, fluctuating between a 52-week low of $3.8701 and a high of $11.425, reflecting changing market sentiment towards the stock.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 36.7, NEOG's 28.7 RSI indicates relative weakness, potentially attracting investors looking for a rebound.
- Investor Sentiment: Despite the current price slump, the oversold signal may lead investors to reassess NEOG's value, especially after significant price declines, which could create buying opportunities.
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- Adverse Event Reports: The company received several adverse event reports following intra-articular injections in horses, a use inconsistent with the product's labeling, although no adverse events were reported when used as directed, highlighting the risks associated with improper use.
- Infection Risk Warning: Neogen warned that affected products should no longer be considered sterile, posing an infection risk particularly if injected into joints or used topically in surgical wounds, burns, ulcers, and autograft procedures.
- Stock Price Reaction: According to Benzinga Pro data, NEOG stock fell 2.80% to $10.06 in the last check on Thursday, reflecting the market's negative response to the recall event.
See More
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- Adverse Event Reports: The company has received multiple reports of adverse events in horses following intraarticular injections, although no issues have been reported when used as intended, highlighting the risks associated with improper use of the product.
- Collaboration with FDA: Neogen is proactively working with the FDA to investigate the issue and is notifying distributors and customers to ensure a smooth recall process, aiming to mitigate potential legal and financial risks.
- Customer Support: The company is providing a customer support hotline to assist with recall procedures, demonstrating its commitment to customer safety, which may also impact future sales and market trust.
See More
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- Adverse Event Reports: Following intraarticular injections in horses, Neogen received multiple reports of adverse events, although no issues were reported when used as intended, indicating potential serious consequences from improper use that could impact the company's reputation.
- Collaboration with FDA: Neogen is proactively working with the FDA on this recall and is notifying distributors and direct customers via email to ensure the safe return of all recalled products, reflecting the company's commitment to compliance and safety.
- Customer Support: The company provides detailed recall information and support channels, including phone and email, ensuring customers can smoothly return products and address related issues, highlighting Neogen's focus on customer service.
See More
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