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BioLife Solutions Presents Data on CryoStor at International,Society for Cellular Therapy Annual Meeting

will continue our evaluations and validation of BioLife's products with the hope to incorporate CryoStor into our clinical applications."

BioLife Chief Executive Mike Rice remarked: "We're very pleased that world-class institutions like the Fred Hutchinson Cancer Research Center and the University of Washington have confirmed the value of BioLife's intellectual property and CryoStor products which provide unique benefits to clinicians in their fight against cancer and other diseases. The data from this independent comparative evaluation of CryoStor is consistent with results of our internal research. Awareness of our enabling technology is growing as clinical researchers and care givers realize how our proprietary products can enhance their biologic-based therapies and services."

According to an August 2006 research report published by Jain PharmaBiotech, the total value of cell-based markets was $27 billion in 2005 and is expected to grow to $96 billion in 2015, as more than 300 companies are engaged in developing cell-based alternatives to medical devices and drugs to treat and possibly cure numerous acute and chronic diseases. Additionally, PA Consulting Group, a global consulting firm with expertise in life sciences and healthcare, estimates the worldwide market for media to preserve cells,

tissues, and organs for research and clinical applications will grow to from $200 million in 2007 to more than $300 million by 2011.

About BioLife Solutions

BioLife Solutions develops, manufactures and markets patented hypothermic storage and cryopreservation solutions for cells, tissues, and organs. The Company's proprietary HypoThermosol(R) and CryoStor(TM) 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 preservat
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