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Cryoport Inc - CYRX STOCK NEWS

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

Overview

Cryoport Inc (NASDAQ: CYRX) is a global provider of integrated, temperature-controlled supply chain solutions that serve the life sciences industry. With a focus on cell and gene therapies, the company delivers innovative logistics and cryogenic systems that supplant traditional dry ice shipping with state-of-the-art liquid nitrogen dry vapor shippers. This approach minimizes the risk of cell degradation, thereby assuring the integrity of delicate biological materials throughout the entire supply chain.

Core Solutions and Capabilities

Cryoport’s service offering is comprehensive and multifaceted, combining advanced temperature-controlled packaging, robust informatics, specialized bio-logistics services, and high-quality cryogenic systems. The company provides a turnkey outsourced solution that covers every stage of the supply chain from the collection of biomaterials to their cryopreservation and global transport. Key features of its solutions include:

  • Advanced Cryogenic Systems: Utilizing liquid nitrogen dry vapor technology, these systems ensure that biological materials, such as cell therapies and reproductive specimens, are maintained at optimal temperatures from point of origin to final delivery.
  • Integrated Logistics Management: A sophisticated informatics platform delivers real-time tracking and end-to-end visibility over shipments, enabling rigorous control and adherence to regulatory standards.
  • Customized Bio-Storage and Bio-Services: The company offers secure cryogenic storage and ancillary services designed to support clinical trials, biopharmaceutical development, and contract manufacturing operations, ensuring product integrity during long-term storage and transit.
  • End-to-End Supply Chain Solutions: From the initial collection to final de-risking of biological products, Cryoport enhances the operational efficiency and reliability for its diversified clientele, including research organizations, contract research organizations (CROs), contract development manufacturers (CDMOs), and biopharmaceutical developers.

Global Operations and Market Presence

Cryoport operates through a truly global network that extends across the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. This extensive geographical footprint enables the company to support clinical trials and the transportation of sensitive biological materials on an international scale. By integrating over 50 global locations in key markets, Cryoport maximizes the reliability and efficiency of its supply chains, catering to various regional regulatory requirements and market needs.

Technological Advancements and Innovations

Innovation is at the heart of Cryoport’s operational strategy. The company continuously develops and launches advanced products and solutions that redefine deep-frozen logistics in biomedical research and therapy development. Among its recent advancements is the integration of standardized cryopreservation services like the IntegriCell platform, which streamlines the processing, storage, and transportation of leukapheresis material. Such innovations drive not only operational performance but also open new opportunities for revenue diversification by addressing unmet needs within the cell and gene therapy markets.

Competitive Position and Industry Impact

In an industry where precision and reliability are non-negotiable, Cryoport has carved out a distinctive niche by replacing outdated shipping methods with technologically advanced, risk-mitigated alternatives. The company’s rigorous approach to bio-logistics, combined with its advanced tracking and data management systems, supports hundreds of clinical trials and provides assurance to manufacturers and researchers worldwide. Its core value proposition is rooted in derisking the transportation of sensitive biological products, thereby enabling customers to focus on their core scientific and developmental missions.

Quality, Compliance, and Operational Integrity

Maintaining high standards of quality and compliance is fundamental to Cryoport’s operational ethos. The company adheres to stringent regulatory frameworks and employs robust quality control mechanisms across its operations. By integrating GMP-compliant biostorage facilities and meeting global regulatory standards, Cryoport ensures that every step—from sample collection and cryopreservation to transportation—is executed with utmost precision, safety, and reliability.

Customer-Centric and Collaborative Business Model

Cryoport distinguishes itself through its client-first approach. By forming strategic partnerships and collaborations with leading contract manufacturers, research institutions, and biopharmaceutical companies, it co-develops solutions tailored to the evolving demands of the life sciences industry. This collaborative model not only enhances operational efficiencies but also adds a layer of trust and reliability, ensuring that customers have consistent, end-to-end support for their critical supply chain needs.

Conclusion

In summary, Cryoport Inc stands as an exemplar of innovation, expertise, and operational excellence in the global life sciences market. With its integrated supply chain solutions, advanced cryogenic systems, and cutting-edge informatics platform, the company is uniquely positioned to support the complex logistics requirements of the cell and gene therapy, clinical trials, and broader biopharmaceutical industries. Its commitment to quality, regulatory adherence, and continuous innovation underscores its pivotal role in enabling the future of medicine, making it a key player in the advancement of life-saving therapies worldwide.

Rhea-AI Summary

Cryoport, Inc. reported Q1 2024 financial results with $54.6 million in revenue, showing a 13% decrease YoY. Despite Life Sciences Products revenue decline, Commercial Cell & Gene Therapy revenue increased 9%. Cryoport reiterated full year 2024 revenue guidance of $242-$252 million, anticipating revenue improvement. The company is investing in supporting life-saving therapies and implementing cost-saving initiatives for positive adjusted EBITDA and cash flow.

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Cryoport, Inc. (Nasdaq: CYRX) will report financial results for Q1 2024 on May 7, 2024. A document reviewing financial and operational performance will be issued along with an earnings release. A conference call will address investor questions at 5:00 p.m. ET.

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Cryoport, Inc. reported FY 2023 revenue of $233.3 million, meeting guidance. Commercial Cell & Gene Therapy revenue rose 33%, BioStorage/BioServices revenue increased 45%. The company supported a record 675 global clinical trials. Strategic investments were made to drive growth, including acquisitions and collaborations. Financially, revenue decreased by 2% YoY. Despite challenges, Cryoport aims for strong growth in the Cell & Gene therapy sector in 2024.
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Cryoport, Inc. (CYRX) will release financial results for Q4 and full year 2023 on March 12, 2024, followed by a conference call addressing investors' questions. The company aims to provide insights into its financial and operational performance through the 'Cryoport Fourth Quarter and Full Year 2023 in Review' document.
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Cryoport Inc. (CYRX) and Nippon Express Holdings, Inc. have announced a strategic partnership to provide temperature-controlled supply chain services for the life sciences industry on a global basis. This partnership aims to design and implement comprehensive supply chain solutions to support each other's business efforts, covering globally. The collaboration brings together Nippon Express' industry-leading global logistics with Cryoport Systems' fully integrated system, processes, and equipment, including its shipping packages, data solutions, biostorage, and bioservices, to provide complete cell and gene therapy support services from upstream biomaterial collection to final delivery for dosing.
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Cryoport, Inc. (NASDAQ: CYRX) announced the acquisition of Bluebird Express, LLC, a provider of time-sensitive domestic and international transportation services. The acquisition aims to strengthen CRYOPDP's U.S. logistics operations and expand its global supply chain network. Bluebird Express will merge into CRYOPDP's global network, enhancing its capabilities in the critical life sciences market. The addition of Bluebird Express will increase Cryoport's U.S. footprint and further the expansion of its global infrastructure and competencies.
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Cryoport, Inc. (NASDAQ: CYRX) announced a 54% year-over-year growth in commercial Cell and Gene Therapy revenue for Q3 2023, totaling $56.2 million. The company also affirmed its full year 2023 revenue guidance of $233 - $243 million. Cryoport's CEO, Jerrell Shelton, highlighted notable partnerships and acquisitions, emphasizing the company's leading market position and long-term growth prospects.
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Cryoport, Inc. has announced the acquisition of Tec4med Lifescience GmbH, a solution provider and innovation leader in the pharmaceutical supply chain visibility, condition monitoring, and temperature-controlled packaging space. This strategic acquisition will strengthen Cryoport's condition monitoring systems and logistics management capabilities for the biopharmaceutical industry. Tec4med's technology and expertise will enhance Cryoport's end-to-end supply chain solutions and drive its digitization to provide customers with full transparency within the pharmaceutical supply chain.
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Cryoport, a leading provider of products and services to the cell and gene therapy industry, will report Q3 2023 financial results on November 8, 2023. A document providing a review of Cryoport's performance will be issued along with the earnings release. A conference call for the investment community will be held on the same day.
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Cryoport signs a 3-year supply chain solutions agreement with Monash IVF Group Limited.
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FAQ

What is the current stock price of Cryoport (CYRX)?

The current stock price of Cryoport (CYRX) is $5.545 as of April 18, 2025.

What is the market cap of Cryoport (CYRX)?

The market cap of Cryoport (CYRX) is approximately 276.8M.

What is Cryoport Inc?

Cryoport Inc is a global provider of integrated, temperature-controlled supply chain solutions tailored to the life sciences industry. It specializes in innovative logistics for cell and gene therapies.

What core services does Cryoport offer?

The company offers advanced cryogenic systems, robust informatics, specialized bio-logistics services, secure bio-storage, and end-to-end supply chain solutions that ensure the safe transportation of biological materials.

How does Cryoport support cell and gene therapies?

Cryoport’s state-of-the-art liquid nitrogen dry vapor shippers and integrated logistics platform maintain optimal conditions, thereby minimizing cell degradation and ensuring the integrity of sensitive cell and gene therapy products throughout the supply chain.

Who are Cryoport's primary customers?

Its customer base includes manufacturers, contract research organizations (CROs), contract development manufacturers (CDMOs), biopharmaceutical developers, and research institutions that require secure and reliable transport of biological materials.

What makes Cryoport's technology unique?

Cryoport leverages advanced temperature-controlled packaging and cutting-edge informatics to provide real-time tracking and enhanced safety for biological cargo, replacing outdated dry ice shipping methods with innovative cryogenic solutions.

In which markets does Cryoport operate?

Cryoport has a global footprint covering the Americas, Europe, the Middle East, Africa, and the Asia Pacific region, enabling it to support clinical trials and logistics operations internationally.

How does Cryoport ensure regulatory compliance?

The company adheres to stringent regulatory standards and quality control measures, employing GMP-compliant facilities and rigorous operational protocols to maintain the highest level of safety and reliability in its services.

What distinguishes Cryoport in a competitive market?

Cryoport’s emphasis on end-to-end integrated solutions, its advanced cryogenic technology, and its global operational network differentiate it from competitors by significantly reducing risks associated with the transportation of temperature-sensitive biological products.
Cryoport Inc

Nasdaq:CYRX

CYRX Rankings

CYRX Stock Data

276.75M
48.23M
2.67%
101.07%
4.1%
Integrated Freight & Logistics
Pharmaceutical Preparations
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United States
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