Strategy to Focus on Sales Growth and Product Development
BOTHELL, Wash., Oct. 29 /PRNewswire-FirstCall/ -- BioLife Solutions Inc. (OTC Bulletin Board: BLFS), a leading developer and marketer of proprietary hypothermic storage and cryopreservation media products for cells, tissues, and organs, today announced that it has outsourced product manufacturing, warehousing, and customer order fulfillment to Bioserv Corporation, a subsidiary of NextPharma Technologies Inc. Bioserv is a San Diego-based contract manufacturer serving the pharmaceutical, biologics, and medical device markets.
BioLife selected Bioserv following a detailed evaluation of several contract manufacturing services providers.
Jeanne Dunham, Bioserv president and chief executive, commented: "We're very excited to have been selected as BioLife's outsourced services provider. BioLife is positioned to capture a significant share of the demand for preservation media in the high-growth cord blood banking, cell therapy and drug discovery markets, and our capabilities and scalability are well aligned with BioLife's current and future requirements for that expansion. We look forward to supporting, and participating in, BioLife's future growth through this strategic relationship."
BioLife Chairman and Chief Executive Mike Rice remarked: "Outsourcing supports our strategic plan to grow sales while focusing on continual scientific innovation in preservation media development and contract research. Bioserv's proven commitment to high-quality manufacturing and customer service was a key factor in our decision. And having Bioserv warehouse our inventory and fulfill orders will also enable us to reduce production and other operating expenses and allow us to commit additional resources to expanding our sales and scientific teams, which will better position BioLife to execute its growth plan."
About Bioserv Corporation
Bioserv is a Contract Manufacturing Organization (CMO
|SOURCE BioLife Solutions Inc.|
Copyright©2007 PR Newswire.
All rights reserved