Navigation Links
BioLife Solutions 2011 Revenue Up 33%

BOTHELL, Wash., Jan. 10, 2012 /PRNewswire/ -- BioLife Solutions Inc. (OTCBB: BLFS), a leading developer, manufacturer, and marketer of proprietary hypothermic storage and cryopreservation freeze media for cells and tissues, today announced preliminary record revenue for the fourth quarter and full calendar year 2011. Highlights include:

  • Sixth consecutive quarter of record revenue
  • Preliminary fourth quarter revenue of $809,000, up 13% over the third quarter and 41% over the same period in 2010
  • Unaudited full year 2011 revenue of $2.8 million, an increase of 33% over 2010
  • Distributor sales for the full year accounted for 20% of total revenue, up from 10% in 2010
  • Revenue shipments to the regenerative medicine segment increased 50% over 2010
  • Executed a new contract manufacturing agreement with profitable public life sciences company
  • Mike Rice, BioLife Chief Executive Officer, commented on the continued strong growth in revenue, "2011 was a very solid year for BioLife as we continued to execute our growth strategies. We have created a strong recurring revenue stream from an expanding foundation of customers in the biobanking, drug discovery and regenerative medicine markets. We have also secured, and continue to pursue, new contract manufacturing business opportunities to leverage our facilities, capacity and expertise. And in the fourth quarter of 2011, we executed non-exclusive agreements with several new distributors. All of these accomplishments should result in continued revenue growth in 2012."

    Rice added, "BioLife's flagship products, CryoStor® and HypoThermosol,® continued to displace home-brew biopreservation media formulations as customers increasingly recognize extended stability and improved post-preservation cell and tissue viability enabled by the Company's proprietary technology.

    "Both our present and new customers are incorporating our cGMP, serum-free biopreservation media products into their research and production processes," Rice added.  "Our performance continues to demonstrate our commitment to growth, and our ability to reduce our operating losses as we strive to reach and sustain profitability."

    BioLife Solutions will be exhibiting and presenting at the Phacilitate Cell & Gene Therapy Forum 2012, January 30th – February 1st in Washington, DC.


    About BioLife SolutionsBioLife Solutions develops, manufactures and markets patented hypothermic storage and cryopreservation solutions for cells, tissues, and organs.  The Company's proprietary HypoThermosol® and CryoStor® platform of solutions are marketed to academic and commercial organizations involved in cell therapy, tissue engineering, cord blood banking, drug discovery, and toxicology testing. BioLife's products are serum-free and protein-free, fully defined, and are formulated to reduce preservation-induced, delayed-onset cell damage and death.  BioLife's enabling technology provides academic and clinical researchers significant improvements in post-thaw cell, tissue, and organ viability and function.  For more information please visit, and follow BioLife on Twitter.

    This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.  These forward-looking statements include any statements that relate to the intent, belief, plans or expectations of the Company or its management, or that are not a statement of historical fact.  Any forward-looking statements in this news release are based on current expectations and beliefs and are subject to numerous risks and uncertainties that could cause actual results to differ materially. Some of the specific factors that could cause BioLife Solutions' actual results to differ materially are discussed in the Company's recent filings with the Securities and Exchange Commission.  BioLife Solutions disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.  Media Relations:Investor Relations: Len Hall

    Matt Clawson

     Allen & Caron Inc

    Allen & Caron Inc

     (949) 474-4300

    (949) 474-4300







    SOURCE BioLife Solutions, Inc.
    Copyright©2010 PR Newswire.
    All rights reserved

    Related biology technology :

    1. BioLife Solutions Launches Search Engine Optimized Website and 1,000 Free Samples Offer
    2. BioLife Solutions Now The Leading Supplier of Pre-Formulated GMP Cryopreservation Media for Umbilical Cord Blood Stem Cells
    3. BioLife Solutions CEO Issues 2010 Corporate Update
    4. BioLife Solutions Achieves ISO 13485 Quality Management Systems Certification
    5. BioLife Solutions Announces Custom cGMP Manufacturing & License Agreement
    6. BioLife Solutions Granted Japanese Biopreservation Patent
    7. BioLife Solutions Announces HypoThermosol(R) and CryoStor(TM) Distribution Agreement With Sigma-Aldrich
    8. BloodStor(TM) Stem Cell Biopreservation Media Platform Launched by BioLife Solutions
    9. BioLife Solutions and STEMCELL Technologies Announce Worldwide Distribution Agreement
    10. BioLife Solutions Announces Validation and Start-Up of New Internal Manufacturing Facility for Serum-Free Cell and Tissue Biopreservation Media Products
    11. Rutgers University Cell and DNA Repository Adopts BioLife Solutions CryoStor(TM) as Standard Biopreservation Media
    Post Your Comments:
    (Date:11/24/2015)... FAR HILLS, N.J. (PRWEB) , ... November 24, 2015 , ... ... University, as the recipient of the 2016 USGA Green Section Award. Presented annually since ... of golf through his or her work with turfgrass. , Clarke, of ...
    (Date:11/24/2015)... (PRWEB) , ... November 24, 2015 , ... ... maintain healthy metabolism. But unless it is bound to proteins, copper is also ... Health (NIH), researchers at Worcester Polytechnic Institute (WPI) will conduct a systematic study ...
    (Date:11/24/2015)... India , November 24, 2015 ... a new market research report "Oligonucleotide Synthesis Market by ... Application (PCR, Gene Synthesis, Diagnostic, DNA, RNAi), End-User (Research, ... 2020", published by MarketsandMarkets, the market is expected to ... Million in 2015, at a CAGR of 10.1% during ...
    (Date:11/24/2015)... 2015 --> ... released by Transparency Market Research, the global non-invasive prenatal ... of 17.5% during the period between 2014 and 2022. ... Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast ... market to reach a valuation of US$2.38 bn by ...
    Breaking Biology Technology:
    (Date:11/17/2015)... Paris from 17 th until 19 ... from 17 th until 19 th November 2015. ... invented the first combined scanner in the world which scans ... now two different scanners were required: one for passports and ... the same surface. This innovation is an ideal solution for ...
    (Date:11/17/2015)... 2015 Pressure BioSciences, Inc. (OTCQB: PBIO) ("PBI" ... sale of broadly enabling, pressure cycling technology ("PCT")-based sample ... announced it has received gross proceeds of $745,000 from ... (the "Offering"), increasing the total amount raised to date ... closings are expected in the near future. ...
    (Date:11/12/2015)... Mass. , Nov. 12, 2015  Arxspan ... Institute of MIT and Harvard for use of ... discovery information management tools. The partnership will support ... both biological and chemical research information internally and ... will be used for managing the Institute,s electronic ...
    Breaking Biology News(10 mins):