BioLife Solutions Expands Strategic Relationship with STEMCELL Technologies Inc.

BOTHELL, WA —— BioLife Solutions, Inc. (OTCQB: BLFS), a leading developer, manufacturer and marketer of proprietary clinical grade hypothermic storage and cryopreservation freeze media for cells and tissues, andcontract aseptic media manufacturer, today announced an expansion of its relationship with Vancouver, BC-based STEMCELL Technologies Inc. Since August 2009, STEMCELL Technologies has distributed BioLife’s best in class biopreservation media products to the worldwide research and clinical biobanking communities

In an expansion of the relationship, STEMCELL Technologies recently selected BioLife’s CryoStor cGMP freeze media for use in the launch of over 50 new primary cell products (from bone marrow, peripheral blood, umbilical cord blood, and umbilical cord tissue), to be marketed to the research community.

Mike Rice, BioLife Solutions President and CEO, commented on STEMCELL’s product launch by stating, “We are quite pleased that STEMCELL Technologies has incorporated CryoStor into this new cell product portfolio. This is further validation of the superior preservation efficacy and overall value proposition of pre-formulated CryoStor when used with blood-derived cell types. We look to future growth in our business with STEMCELL Technologies and are glad to see our intellectual property enabling a revenue source for this strategic distributor.”

A February 2013 report by visiongain predicts that the world market for cell-based assays will reach $4.7 billion in 2016.

David Llewellyn, Ph.D., MBA, Senior Director, Business Operations of STEMCELL Technologies commented on the expansion of the relationship with BioLife; “We have been very pleased with the performance of BioLife’s products and the company’s overall support. BioLife has become an increasingly strategic supplier of our research products. Our customers value the quality and performance of BioLife’s biopreservation media products. Along with our own internal research, customer feedback gives us confidence to incorporate CryoStor into our new primary cell product portfolio.”

BioLife Solutions Expands Strategic Relationship with STEMCELL Technologies Inc.

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