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Stock impact report

BioLife Solutions Announces the Sale of its evo Cold Chain Logistics Subsidiary [Yahoo! Finance]

BioLife Solutions, Inc. (BLFS) 
Last biolife solutions, inc. earnings: 3/11 04:29 pm Check Earnings Report
US:NASDAQ Investor Relations: biolifesolutions.com
Company Research Source: Yahoo! Finance
and supplier of cell processing tools for the cell and gene therapy ("CGT") market, announces the sale of SAVSU Cleo Technologies, LLC. (f/k/a SAVSU Technologies, Inc.) ("SAVSU"), its wholly owned cold chain logistics subsidiary, for $25.5 million (subject to certain adjustments) in cash to Peli BioThermal, a global leader in temperature-controlled logistics solutions. BioLife Solutions Logo (PRNewsfoto/BioLife Solutions, Inc.) Roderick de Greef, Chairman and CEO commented "This divestiture streamlines our product portfolio as well as our operations while focusing resources on creating shareholder value through high-margin recurring revenue. We are delighted that a respected leader in cold chain logistics recognizes the value of the SAVSU evo technology." About BioLife Solutions BioLife is a leading developer and supplier of cell processing tools and services for the CGT market. Our expertise facilitates the commercialization of new therapies by supplying solutions that mainta Show less Read more
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