Financial Performance And Strategic DivestituresThe sale of SciSafe generated $73M in cash, divested a non-core asset, and serves to improve the long-term financial profile of the Company.
Revenue Growth And Market ExpansionCell processing revenue showed significant growth, up 43% YoY, marking the fourth consecutive quarter of growth.
Strategic Focus And Market PositionBiolife is now focused on its 'sticky', high margin, recurring-revenue, cell processing platform and remains deeply entrenched within the Cell and Gene therapy sector with market share in excess of 70% of relevant commercially-approved therapies.