Core Business FocusThe divestment allows BioLife to focus on higher margin, proprietary, and recurring core businesses highlighted by their biopreservation media.
Financial StrengthBioLife Solutions strengthened its cash position significantly, with an estimated pro forma cash position of approximately $115M.
Strategic RealignmentBLFS shares have rebounded as the company has executed on its strategic realignment, refocusing on its 'sticky' Cell and Gene Therapy tools that become integrated into customer therapy, driving reliable and repeat business.