Navigation Links
BioLife Solutions Announces Record Revenue and Receipt of Funding
Date:1/26/2009

Internal Manufacturing Scale-Up Underway to Support Increased Product Demand

BOTHELL, Wash., Jan. 26 /PRNewswire-FirstCall/ -- BioLife Solutions, Inc. (OTC Bulletin Board: BLFS), a leading developer and marketer of proprietary GMP hypothermic storage and cryopreservation media products for cells, tissues, and organs, today announced record revenue for the fourth quarter and full year 2008 and also the receipt of $1.4 million in funding for operations and the completion of construction and validation of a new manufacturing facility. The funding was provided via a previously disclosed credit facility with two shareholders.

Preliminary fourth quarter 2008 revenue was $417,818, an increase of 36 percent from the third quarter of 2008, and 40 percent over the fourth quarter of 2007. This includes initial orders from nearly 30 new customers. Preliminary full year 2008 revenue was $1,326,772, an increase of 36 percent over 2007 fiscal year revenue. Full audited results can be found in the Company's annual report Form 10-K, which is expected to be filed by March 31.

Mike Rice, BioLife's Chairman and CEO, commented on the Company's revenue performance by stating, "In 2008 we continued to successfully execute our revenue growth plan and also achieved several milestones that should drive accelerated adoption of our proprietary biopreservation media products, including submitting FDA Master Files and completing comprehensive animal safety studies. The regulatory environment surrounding cell and tissue based clinical therapies is becoming more stringent, which makes our offering of pre-formulated, GMP manufactured serum-free and protein-free biopreservation media products and consulting services to optimize biopreservation processing yield increasingly more valuable to a growing number of commercial companies and hospital based transplant labs."

Rice also provided an update on the Company's previous disc
'/>"/>

SOURCE BioLife Solutions, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. BioLife Solutions to Supply CryoStor(TM) to Cryobanks International as Standard Media for Preservation and Storage of Umbilical Cord Blood Stem Cells
2. BioLife Solutions Expands Presence in Cell Therapy and Cord Blood Banking Market Segments
3. As States Cash Flow Crisis Looms, Protesters to Call Attention to Urgent Need for Real Budget Solutions
4. Forterus Healthcare to Acquire Solutions 4 Recovery
5. Victor Dragon Joins Health Integrated to Lead Solutions Group
6. HeartSaving Solutions Offers Free CPR Course for Parents
7. Precyse Solutions and Ingalls Memorial Hospital Sign Outsourced Transcription Agreement
8. PacketBase Increases Patient Satisfaction for Santa Cruz Medical Foundation with Avaya IP Communications & Contact Center Solutions
9. Carefx Reports 200% Year-Over-Year Revenue Growth in 2008 as Demand Grows for Solutions Focused on Clinical Decision Making
10. PSA Announces PathLab Coding Solutions Now Available
11. The Quantum Group and IBM Announce Hosting Agreement for Advanced Healthcare Solutions
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/18/2014)... Simon Fraser University psychologists have made a brain-related ... of attention-deficit disorders. , This discovery opens up ... hinder or suppress a specific brain activity that ... distraction. , The Journal of Neuroscience ... by John McDonald, an associate professor of psychology ...
(Date:4/17/2014)... of chronic inflammation in benign prostate tissue was ... this association was found even in those with ... study published in Cancer Epidemiology, Biomarkers & ... for Cancer Research. , An analysis of prostate ... placebo arm of the Prostate Cancer Prevention Trial ...
(Date:4/17/2014)... of the most popular vaccine brands for children may ... be overlooking some cost factors when choosing vaccines, driving ... option, according to a new study by University of ... can be driven by numerous factors," says Sheldon H. ... of computer science and of mathematics at the U. ...
(Date:4/17/2014)... (April 17, 2014) Two recent papers by ... and colleagues may help scientists develop treatments or ... fever, Japanese encephalitis and other disease-causing flaviviruses. , ... and molecular genetics at the School of Medicine ... Hughes Medical Institute, and colleagues recently published articles ...
(Date:4/17/2014)... 2014U.S. military personnel who served in Iraq and ... brain injury (TBI) were compared to military personnel ... reasons. Differences in measures of overall disability, cognitive ... injury are reported in an article in ... Mary Ann Liebert, Inc., publishers. The article is ...
Breaking Medicine News(10 mins):Health News:Scientists discover brain's anti-distraction system 2Health News:Chronic inflammation may be linked to aggressive prostate cancer 2Health News:Chronic inflammation may be linked to aggressive prostate cancer 3Health News:Study recalculates costs of combination vaccines 2Health News:CU researchers discover target for treating dengue fever 2Health News:Long-term effects of battle-related 'blast plus impact' concussive TBI in US military 2
... (HealthDay News) -- Smoky, inefficient indoor cooking and heating stoves ... to 2 million deaths a year, according to health experts. ... billion people, or nearly half the world,s population, the U.S. ... published in the current issue of the journal Science ...
... HealthDay Reporter , THURSDAY, Oct. 13 (HealthDay News) -- ... toting sports gear, water bottles and lawn chairs converge ... Pretty much everyone agrees that the nation,s kids ... that organized sports can help achieve that. Yet, some ...
... Notre Dame have announced a breakthrough approach to allergy ... reactions without suppressing a sufferer,s entire immunological system. ... designed, a heterobivalent ligand (HBL), which when introduced into ... egg or peanut proteins in their race to attach ...
... are involved in their children,s health and encourage them to ... Northwestern University Feinberg School of Medicine. But these same dads ... and may be uncomfortable handling emergency medical care for their ... these fathers, perceptions of their participation in their children,s health ...
... therapeuticsantibiotics, antivirals and an antitoxinto prevent or treat diseases ... contracts awarded by the National Institute of Allergy and ... Health. Total funding for the four contracts could reach ... The contracts are designed to support essential research and ...
... (HealthDay News) -- Nearly one in four Americans with the ... psoriatic arthritis, according to a new study. This is ... States who have been diagnosed with the disease, a type ... can lead to joint destruction and disability. For the ...
Cached Medicine News:Health News:Globally, 2 Million Deaths a Year Linked to Smoky Stoves 2Health News:Overzealous Parents, Coaches Take the Fun From Kids' Sports 2Health News:Overzealous Parents, Coaches Take the Fun From Kids' Sports 3Health News:Overzealous Parents, Coaches Take the Fun From Kids' Sports 4Health News:Researchers engineer a new way to inhibit allergic reactions without side effects 2Health News:Lower income dads active in their kids' health 2Health News:Lower income dads active in their kids' health 3Health News:NIH funds development of new broad-spectrum therapeutics 2Health News:NIH funds development of new broad-spectrum therapeutics 3Health News:1 in 4 With Psoriasis May Have Undiagnosed Arthritis 2
(Date:1/15/2014)... Jan. 15, 2014  Valeant Pharmaceuticals International, Inc. (NYSE: ... applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act ... tender offer by its indirect wholly-owned subsidiary, Sapphire Subsidiary ... common stock of Solta Medical, Inc. (NASDAQ: ...
(Date:1/14/2014)... Mass. , Jan. 14, 2014 HeartWare ... leading innovator of less invasive, miniaturized circulatory support technologies ... today announced that it expects revenues for the fourth ... expected full-year 2013 revenues to approximately $208 million. ...
(Date:1/14/2014)... 2014 /PRNewswire-iReach/ -- Acumed,s new SLIC Screw System - ... instrumentation to place and insert the screw accurately - ... (e.g. ligament) repair or reconstruction as it holds the ... (Photo: http://photos.prnewswire.com/prnh/20140114/MN45636 ) The SLIC ...
Breaking Medicine Technology:Valeant Pharmaceuticals Announces Receipt Of Antitrust Clearance For Its Previously Announced Acquisition Of Solta Medical, Inc. 2Valeant Pharmaceuticals Announces Receipt Of Antitrust Clearance For Its Previously Announced Acquisition Of Solta Medical, Inc. 3HeartWare International Announces Preliminary Fourth Quarter 2013 Revenues 2HeartWare International Announces Preliminary Fourth Quarter 2013 Revenues 3HeartWare International Announces Preliminary Fourth Quarter 2013 Revenues 4Acumed introduces the Scapho-Lunate Inter Carpal (SLIC) Screw System 2Acumed introduces the Scapho-Lunate Inter Carpal (SLIC) Screw System 3
... April 4, 2011 Milestone Scientific Inc. (OTCQB: MLSS), the ... results for the year ended December 31, 2010. ... with 12-Month Ended December 31, 2009: Total ... Sales in the U.S. decreased 16% to $4.53 million from ...
... significant need to improve efficiency and provide cost-savings throughout ... it is initially targeting the $2 billion orthopedic trauma ... implants and instruments.   "Hospitals are increasingly ... medical care. Emerge Medical was created to meet this ...
Cached Medicine Technology:Milestone Scientific Announces 2010 Year End Results 2Milestone Scientific Announces 2010 Year End Results 3Milestone Scientific Announces 2010 Year End Results 4Milestone Scientific Announces 2010 Year End Results 5Milestone Scientific Announces 2010 Year End Results 6Emerge Medical Targets $92 Billion Medical Device Market With Lower-Cost Generic Implants and Instruments 2
ENDOlap™ suction and irrigation trumpet valves...
Diamond Reusable Probed work with all ACMI™ instrument inserts. Dual trumpet valves provide smooth, effective fingertip control over suction and irrigation....
... the Prosound ALPHA 10 System offers ... in an intuitive and ergonomically designed ... system for Perinatology/Maternal & Fetal Medicine ... Breast Imaging, and General Imaging departments ...
Corson Suction-Irrigation Probes are designed to provide flexibility and reliability in a disposable probe....
Medicine Products: