BioLife Solutions Increases Ownership in SAVSU Technologies to 44% with $5 Million Investment
BioLife Solutions, Inc. (BLFS)
Last biolife solutions, inc. earnings: 3/11 04:29 pm
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Source: PR Newswire
BOTHELL, Wash., Sept. 5, 2018 /PRNewswire/ -- BioLife Solutions, Inc. (NASDAQ: BLFS) ("BioLife"), the leading supplier of proprietary biopreservation media products for cell and gene therapies, today announced that it has increased its ownership of SAVSU Technologies from approximately 31% to 44% with a $5 million investment. SAVSU will use the investment to scale up its operations and inventory to support increased demand for its evo® Dry Vapor Shippers and other precision temperature controlled shipping containers for cell and gene therapies. The 18-month purchase option provides BioLife, at its sole discretion, with the right to acquire the 56% of SAVSU not already owned, for the greater of 1,000,000 shares of BioLife common stock, or approximately $23 million of BioLife common stock, calculated on the day of exercise. If BioLife exercises the purchase option in the future, 75% of the shares would be issued at closing, with the remaining 25% issued upon the
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- Investors in BioLife Solutions (NASDAQ:BLFS) have unfortunately lost 49% over the last three years [Yahoo! Finance]Yahoo! Finance
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BLFS
Earnings
- 2/29/24 - Miss
BLFS
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- BLFS's page on the SEC website