BioLife Solutions Promotes Marcus Schulz to Chief Revenue Officer

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(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

BioLife Solutions, a leader in bioproduction products for cell and gene therapies, has promoted Marcus Schulz to Chief Revenue Officer from his previous role as Vice President of Global Sales. This decision is aimed at reinforcing the company's sales strategy for continued growth. CEO Mike Rice praised Schulz's leadership and the results achieved by the sales team. BioLife Solutions offers a comprehensive range of bioproduction tools including CryoStor and HypoThermosol, enhancing their position in the market.

Positive

Promotion of Marcus Schulz to Chief Revenue Officer strengthens sales leadership.
Recognition of outstanding sales results may lead to future growth.

Negative

None.

News Market Reaction 1 Alert

+1.14% News Effect

On the day this news was published, BLFS gained 1.14%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

02/16/2021 - 08:00 AM

BOTHELL, Wash., Feb. 16, 2021 /PRNewswire/ -- BioLife Solutions, Inc. (NASDAQ: BLFS) ("BioLife" or the "Company"), a leading developer and supplier of a portfolio of class-defining bioproduction products and services for cell and gene therapies, today announced the promotion of Marcus Schulz to the position of Chief Revenue Officer. He was previously Vice President of Global Sales.

Mike Rice, BioLife Solutions CEO, remarked, "Marcus has demonstrated stellar leadership of our sales team and indirect distribution channel to deliver outstanding results. His promotion to Chief Revenue Officer recognizes his accomplishments and configures our worldwide sales team for continued growth."

About BioLife Solutions

BioLife Solutions is a leading supplier of class-defining cell and gene therapy bioproduction tools and services. Our tools portfolio includes our proprietary CryoStor^®freeze media and HypoThermosol^® shipping and storage media, ThawSTAR^® family of automated, water-free thawing products, evo^® cold chain management system, Custom Biogenic Systems high capacity storage freezers and SciSafe biologic storage services. For more information, please visit www.biolifesolutions.com, and follow BioLife on Twitter.