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Biolife Solutions Inc - BLFS STOCK NEWS

Welcome to our dedicated page for Biolife Solutions news (Ticker: BLFS), a resource for investors and traders seeking the latest updates and insights on Biolife Solutions stock.

Overview

BioLife Solutions Inc (NASDAQ: BLFS) is an innovative life sciences company devoted to advancing the commercialization of cell and gene therapies. With a concentrated focus on clinical‐grade biopreservation and cell processing tools, the company provides solutions that ensure the integrity, safety, and efficacy of biologic materials throughout collection, development, storage, and distribution. Utilizing cutting-edge methodologies in cryopreservation and hypothermic storage, BioLife seamlessly integrates technology with biologics supply chain management. Industry keywords such as cell processing, biopreservation, and CGT highlight the company’s role as a reliable enabler for next-generation therapies.

Core Business Areas

BioLife Solutions designs and develops proprietary products that address critical challenges in the biologic manufacturing process. The company’s operations are built around several key segments:

  • Cell Processing: This segment focuses on the development of cryopreservation media, such as solutions in the CryoStor product line, which are essential for maintaining cell viability during freezing and thawing processes.
  • Cold Chain Management: Recognizing the importance of stable temperature controls, BioLife provides a cloud-hosted biologistics app that monitors and manages cold chain logistics for smart shippers, ensuring the preservation of biological materials.
  • Thawing and Post-Processing: Tools and services that support the controlled thawing of cryopreserved samples, safeguarding cellular health and function.

Technology and Innovation

At the heart of BioLife Solutions’ success is its emphasis on technological innovation and rigorous quality control. The company employs advanced cryopreservation techniques developed under strict environmental and processing controls. Such technological prowess facilitates high-quality storage solutions that reduce the presence of particulates and mitigate contamination risks. The integration of a cloud-based biologistics app further enhances operational transparency and efficiency, enabling real-time tracking and smart logistics management throughout the cold chain process.

Competitive Position and Market Significance

BioLife Solutions distinguishes itself in a competitive industry by focusing on targeted, high-margin consumable products rather than capital equipment. This strategic refocusing has allowed the company to streamline operations and enhance its profitability by divesting non-core product lines. Its specialized approach in cell processing resonates strongly within the cell and gene therapy market, where maintaining the quality of cellular materials is non-negotiable. The company’s products have become integral to numerous clinical trials and therapy development protocols, underscoring its influence and credibility in the biopharma space.

Operational Excellence

BioLife Solutions leverages operational excellence through a blend of innovative product design, rigorous manufacturing standards, and advanced cold chain management systems. The company’s ability to integrate proprietary technologies with a smart, cloud-based logistics platform offers a cohesive solution to a highly technical market. Its ecosystem not only serves the U.S. market predominantly, but also supports global clinical trials and therapy commercialization efforts, ensuring adaptability and a sustained competitive edge in the industry.

Product Portfolio and Quality Assurance

The comprehensive product portfolio of BioLife is anchored in its high-quality, clinical-grade biopreservation media. Every product is engineered to maintain the health and functionality of biologic materials over extended periods, thereby de-risking the process of biologic manufacturing. The company’s commitment to stringent quality controls and continuous innovation helps meet and exceed industry standards such as USP guidelines. This assures both developers and end-users that the tools and services provided are reliable and essential for modern cell and gene therapy applications.

Industry Expertise and Trusted Partnership

BioLife Solutions’ operational model is characterized by deep industry expertise and strategic market positioning. By harnessing decades of experience in the life sciences sector alongside researched innovation, the company builds trust among its clinical and manufacturing partners. It operates with transparency and precision—qualities that have been recognized in the broader biopharma and CGT community. Its integrated approach stands as a testament to its commitment to quality, safety, and technological advancement in a rapidly evolving medical landscape.

Conclusion

In summary, BioLife Solutions Inc exemplifies a robust, technologically advanced approach to biopreservation and cell processing in the cell and gene therapy market. Its comprehensive portfolio, combined with innovative cold chain management tools, reinforces its position as a dependable partner in the commercialization of new therapies. Whether through the development of proprietary cryopreservation media or the deployment of a state-of-the-art biologistics management platform, BioLife Solutions continues to forge a path of operational excellence and industry-leading technical capability.

Rhea-AI Summary

BioLife Solutions (NASDAQ: BLFS) has acquired PanTHERA CryoSolutions, strengthening its position in the cell and gene therapy (CGT) market. The acquisition focuses on PanTHERA's proprietary Ice Recrystallization Inhibitor (IRI) technology for cryopreservation solutions.

The transaction involves $9.3 million in cash and 241,355 BLFS shares for the remaining 90% ownership, with potential additional payments of up to $7.2 million in stock based on milestone achievements over three years. This marks BioLife's second acquisition from its Bioproduction Innovation Accelerator program.

PanTHERA's next-generation formulations, expected to launch within 18 months, aim to provide superior cryopreservation outcomes, reduce DMSO concentrations, and decrease liquid nitrogen requirements in cold chain logistics and storage.

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BioLife Solutions (NASDAQ: BLFS), a leading supplier of bioproduction tools for the cell and gene therapy market, has appointed Cathy Coste to its board of directors, expanding the board to seven members. Coste will serve as chair of the audit committee, replacing Joydeep Goswami, who remains a director and committee member.

Coste brings over 40 years of senior executive experience, including 30+ years at Deloitte where she served as a senior partner and life sciences industry executive leader. She has worked with more than two dozen life sciences companies and currently serves as audit committee chair for Biomerica, Minerva Surgical, and Renalytix plc.

The appointment comes as BioLife completes its transition to a pure-play enabler of cell and gene therapies, positioning the company for revenue growth and sustained profitability.

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BioLife Solutions (BLFS) reported strong Q4 and full-year 2024 results, with notable growth in its Cell Processing segment. Q4 total revenue reached $22.7 million, up 31% year-over-year, driven by Cell Processing revenue of $20.3 million, representing a 37% increase.

The company achieved a GAAP gross margin of 60% and adjusted EBITDA of $4.0 million (18% of revenue) in Q4. Full-year 2024 revenue totaled $82.3 million, an 8% increase from 2023. The company strengthened its financial position by divesting non-core businesses, including SciSafe and CBS, resulting in a cash position exceeding $100 million.

Looking ahead, BioLife projects 2025 revenue guidance of $95.5-99.0 million, representing 16-20% growth. The Cell Processing platform is expected to grow 18-21% to $86.5-89.0 million. The company's biopreservation media is now embedded in 17 approved cell and gene therapies, with 8 additional approvals anticipated in the next 12 months.

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BioLife Solutions (NASDAQ: BLFS), a leading developer and supplier of bioproduction products and services for the cell and gene therapy market, has scheduled its fourth quarter and full year 2024 financial results release for March 3, 2025, before market open.

The company will host a conference call and webcast at 8:00am ET (5:00am PT) on the same day, where management will present financial results and provide a business update. Investors can access the webcast through BioLife's website or join via phone using the toll-free number 1-833-630-0431 (international: 1-412-317-1808). A replay will be available approximately two hours after the call and remain accessible for 90 days on the investor relations website.

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BioLife Solutions (NASDAQ: BLFS) reported preliminary Q4 2024 unaudited revenue from continuing operations of $22.7 million, up 31% from Q4 2023. The company's Cell Processing platform revenue reached $20.3 million in Q4, marking a 37% year-over-year increase and 7% sequential growth.

For full-year 2024, revenue from continuing operations totaled $82.3 million, an 8% increase from 2023. Cell Processing platform revenue grew 12% to $73.5 million, exceeding the high end of previously raised guidance. However, Evo and Thaw platform revenue decreased 14% to $8.7 million.

The company completed strategic divestitures in 2024, selling its freezer business (Global Cooling and Arctic Solutions) and storage business (SciSafe), streamlining operations to focus on the cell and gene therapy market. Including SciSafe's discontinued operations revenue of $18.44 million, total preliminary unaudited revenues reached $100.69 million for 2024.

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BioLife Solutions (BLFS) has appointed Tony J. Hunt, Executive Chairman of Repligen , to its board of directors effective January 2, 2025, expanding the board to six members. Hunt brings extensive experience in bioprocessing innovation and leadership, having served as Repligen's CEO for nine years before becoming Executive Chairman in September 2024. His prior roles include President of Bioproduction at Life Technologies and Senior Director of Pharma Programs at Applied Biosystems. BioLife Solutions, a leading supplier of cell processing tools for the cell and gene therapy market, aims to leverage Hunt's expertise to strengthen its position in CGT bioprocessing solutions.

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BioLife Solutions (NASDAQ: BLFS) has announced the sale of its Custom Biogenic Systems (CBS) freezer subsidiary for $6.1 million in cash. This transaction completes the company's strategic divestiture of all freezer and related businesses, following the sale of Global Cooling in April. The move aligns with BioLife's strategic refocus on proprietary, higher-margin, recurring-revenue cell processing products for the cell and gene therapy market, moving away from capital equipment freezer and storage businesses that previously included Stirling, SciSafe, and CBS.

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BioLife Solutions (Nasdaq: BLFS) reported its Q3 2024 financial results, showing a 30% increase in total revenue to $30.6 million compared to Q3 2023. Cell Processing revenue grew 6% sequentially to $19.0 million, marking a 43% increase year-over-year. The company achieved a GAAP gross margin of 51% and a non-GAAP adjusted gross margin of 54%. Despite a GAAP net loss of $1.7 million, BioLife posted a non-GAAP adjusted EBITDA of $6.1 million, or 20% of revenue. The sale of the SciSafe biostorage business for $73 million in cash was completed, and 2024 revenue guidance was updated to $98.0-$100.0 million. The company also noted a reduction in GAAP net loss from $15.8 million in Q3 2023 to $1.7 million in Q3 2024. BioLife's cash, cash equivalents, and marketable securities stood at $39.3 million as of September 30, 2024.

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BioLife Solutions (NASDAQ: BLFS) has sold its biostorage subsidiary SciSafe for $73 million in cash. SciSafe, which generated $10.4 million in revenue during the first half of 2024, was originally purchased by BioLife in October 2020 for $39 million. The sale aligns with BioLife's strategy to focus on proprietary, higher-margin recurring-revenue consumable solutions. Following the transaction, Todd Berard, BioLife's Chief Marketing Officer, will become Chief Commercial Officer, while Garrie Richardson will transition to CEO of the independent SciSafe.

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BioLife Solutions (NASDAQ: BLFS), a leading developer and supplier of bioproduction products for cell and gene therapies and biopharma markets, has scheduled its third quarter 2024 financial results release for November 12, 2024, after market close. The company will host a conference call and webcast at 4:30pm ET to discuss financial results and provide a business update. Investors can access the webcast through BioLife's website, or join via phone using toll-free numbers. A replay will be available for 90 days on the company's investor relations page.

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FAQ

What is the current stock price of Biolife Solutions (BLFS)?

The current stock price of Biolife Solutions (BLFS) is $21.91 as of April 18, 2025.

What is the market cap of Biolife Solutions (BLFS)?

The market cap of Biolife Solutions (BLFS) is approximately 1.0B.

What is the primary focus of BioLife Solutions Inc?

BioLife Solutions is focused on developing clinical-grade biopreservation media and cell processing tools that support the cell and gene therapy market. It ensures the integrity of biological materials from collection through distribution.

Which core business areas does the company operate in?

The company primarily operates in cell processing, cold chain management, and controlled thawing services. These areas collectively ensure high-quality preservation of cells and tissues during manufacturing and transport.

How does BioLife Solutions support the cell and gene therapy industry?

It provides essential tools and solutions that maintain the viability of cellular materials used in therapies. Their proprietary products help de-risk biologic manufacturing and support the commercialization of new therapies.

What makes the company’s technology unique?

BioLife Solutions leverages advanced cryopreservation techniques and integrates these with a cloud-hosted biologistics platform. This combination enhances real-time cold chain management and ensures product quality.

How does the company ensure quality and safety in its products?

The company follows rigorous environmental and processing controls in manufacturing its products. This commitment to quality is reflected in adherence to industry standards and guidelines, ensuring high performance and safety.

What strategic shifts has BioLife Solutions made in recent years?

BioLife has focused on divesting non-core capital-intensive businesses to concentrate on its proprietary, high-margin consumable product lines. This strategic repositioning has streamlined operations and improved focus on critical cell processing technologies.

How does the company maintain its competitive edge?

By consistently investing in research, quality control, and innovative cold chain solutions, BioLife Solutions remains at the forefront of biopreservation technology. Its integrated approach supports reliable manufacturing processes in the CGT industry.

What industries are primarily served by BioLife Solutions?

BioLife Solutions primarily serves the cell and gene therapy sector and the broader biopharma market. Its products are essential in clinical trials and the development of innovative therapies globally.

How is the cloud-based cold chain management app beneficial?

The cloud-hosted app provides real-time monitoring and management of temperature-sensitive biological materials. This tool helps reduce risks during transport by ensuring that products remain within specified temperature ranges.

What role does operational excellence play in the company’s success?

Operational excellence is critical to BioLife Solutions, combining advanced product engineering with streamlined logistics. This not only enhances product reliability but also builds trust with clinical and manufacturing partners across the industry.
Biolife Solutions Inc

Nasdaq:BLFS

BLFS Rankings

BLFS Stock Data

1.04B
46.31M
1.85%
101.8%
7.24%
Medical Instruments & Supplies
Electromedical & Electrotherapeutic Apparatus
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United States
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