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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