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.
BioLife Solutions, Inc. (NASDAQ: BLFS) is a developer and supplier of cell processing tools and services and bioproduction products and services for the cell and gene therapy (CGT) and broader biopharma markets. News about BLFS often centers on how its biopreservation media, CellSeal vials, hPL products, and related cell processing tools are used in clinical trials and commercial CGT therapies, as well as on portfolio changes and strategic transactions.
Investors and industry followers can use this page to track BioLife’s announcements on quarterly and annual financial results, including updates on Cell Processing revenue and the performance of its biopreservation media franchise. The company regularly reports on the contribution of customers with approved therapies, the extent of clinical trial adoption in the United States, and its use of GAAP and non-GAAP measures such as adjusted gross margin and adjusted EBITDA.
BioLife’s news flow also includes updates on portfolio streamlining and strategic moves, such as the divestiture of its evo cold chain logistics subsidiary and earlier sales of Global Cooling, SciSafe, and Custom Biogenic Systems, as well as acquisitions and investments like the PanTHERA CryoSolutions IRI cryopreservation technology and the strategic investment in Pluristyx. These items illustrate how the company is focusing on its core cell processing business while adding scientific capabilities and adjacencies.
In addition, BioLife issues press releases on corporate developments such as the opening of the Aby J. Mathew Center for Biopreservation Excellence in Bothell, Washington, and participation in healthcare and small- and mid-cap investor conferences. For readers following the CGT supply chain, this news page provides a centralized view of BioLife’s operational updates, clinical adoption metrics, strategic transactions, and investor communications over time.
BioLife Solutions (BLFS) reported preliminary revenue results for Q4 and FY 2021, indicating significant growth. Q4 revenue reached $37.3 million, up 153% from $14.7 million in Q4 2020. The total FY 2021 revenue was $119.1 million, a 148% increase from FY 2020's $48.1 million. Key contributors included an 81% growth in Cell Processing and a 389% rise in Storage & Services. Organic revenue rose 64% in Q4 and 37% for the year. CEO Mike Rice expressed optimism for continued growth in 2022, supported by strong demand and successful integration of recent acquisitions.
BioLife Solutions (BLFS) announced an extended collaboration with Seattle Children's Therapeutics to enhance biopreservation practices and closed-system manufacturing for cell therapy. The partnership will implement Sexton's AF-500 for viral vector delivery, utilized in Seattle Children's new VectorWorks facility. This system will automate the filling and sealing of vials to increase throughput and reduce contamination risks. BioLife's ongoing support with CryoStor's cGMP freeze media underscores the commitment to improving pediatric treatment processes and is seen as vital for advancing cell and gene therapies.
BioLife Solutions (NASDAQ: BLFS) announced a partnership with UNICEF to enhance the storage of temperature-sensitive COVID-19 vaccines in regions with limited power infrastructure in Africa, the Middle East, and South America. The partnership involves using Stirling's SU780XLE and UL25NEU freezers, which operate effectively under extreme conditions and can be transported via air freight. This initiative aims to improve healthcare access in remote communities.
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BioLife Solutions (BLFS) reported significant financial growth for Q3 2021, achieving total revenue of $33.8 million, a 200% increase from Q3 2020. Organic growth was at 37%. The company completed the acquisition of Sexton Biotechnologies, adding over 230 new customers. Despite strong revenue, gross margin decreased to 25% from 52% due to operational challenges and warranty expenses. For 2021, revenue guidance was raised to $115 million to $119 million, representing a growth of 139% to 147%.
On November 4, 2021, BioLife Solutions (Nasdaq: BLFS) announced significant changes in its executive management team. Troy Wichterman, previously Vice President of Finance, has been promoted to Chief Financial Officer, succeeding Roderick de Greef, who now assumes the role of President and Chief Operating Officer after postponing his retirement. Former COO Dusty Tenney has resigned but will consult until year-end. The leadership changes aim to enhance operational efficiency and support ongoing integration efforts following acquisitions.
BioLife Solutions (NASDAQ: BLFS) announced it will release its third quarter 2021 financial results after market close on November 11, 2021. Following the release, a conference call is scheduled for 4:30 PM ET where management will discuss the financial results and provide a business update. Investors can access the call through the company’s Investor Relations page or via phone. BioLife is a leading supplier of bioproduction tools and services for the cell and gene therapy market.
Biolife Solutions (NASDAQ: BLFS) has announced the opening of a new 40,000 square-foot biorepository Center of Excellence in Amsterdam, enhancing its support for cell and gene therapies. The facility features a CAR-T cell storage suite and more than 300 ultra-low temperature freezers, aimed at improving global access to biologic therapies. Already partially contracted to a major pharmaceutical client, the facility is part of BioLife's commitment to innovative infrastructure and biostorage best practices, ensuring the integrity of sensitive biological materials.
BioLife Solutions (NASDAQ: BLFS) announced a collaboration with a top 10 global pharmaceutical company to employ its CryoStor freeze media, evo cold chain management platform, and SciSafe storage services for the launch of a new CAR T-cell therapy. This engagement represents BioLife's strategic push in the cell and gene therapy market. CEO Mike Rice highlighted the company's commitment to supporting bioproduction needs. Currently, CryoStor is used in the manufacturing of several approved therapies and is embedded in additional therapies expected to gain regulatory approval soon.