Knobias ClipReport (8-21-2007)
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Submitted from Knobias ClipReport
BioLife Solutions Inc. (BLFS) has signed an agreement as the exclusive supplier of preservation media to the New England Cryogenic Center, Inc. (NECC), a global provider of cryogenically preserved human cells and tissues. The five year agreement includes volume based pricing and an exclusive commitment from NECC to purchase all of its demand for cord blood preservation media from BioLife.
CEO Michael Rice told Knobias on Monday, “We are not able to disclose the financial terms of this agreement. This is a competitive market and pricing and other terms are confidential between BioLife and our respective customers. We anticipate incremental revenue generation from this agreement starting in Q4.”
