BioLife Solutions Acquires PanTHERA CryoSolutions
April 10, 2025
BioLife Solutions acquired the remaining 90% of PanTHERA CryoSolutions for $9.3 million in cash plus 241,355 shares of BioLife common stock, with up to an additional $7.2 million of stock payable upon achievement of milestones. The acquisition adds PanTHERA's proprietary Ice Recrystallization Inhibitor (IRI) technology and scientific talent to BioLife's biopreservation consumables portfolio, accelerating product capability development for the cell and gene therapy market.
- Buyers
- BioLife Solutions, Inc.
- Targets
- PanTHERA CryoSolutions, Inc.
- Sellers
- PanTHERA CryoSolutions shareholders
- Industry
- Biotechnology
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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